US - BNY ESI & Co, a separate brokerage subsidiary of the Bank of New York, has appointed Stephen Volk as senior vice president of institutional sales.
With more than 10 years of institutional sales experience Volk is responsible for selling trade execution and commission management products to institutional money managers in the North East as well as other regions across the country.
Before joining BNY ESI, Volk was vice president of regional sales for brokerage firm Autranet & Company, where he was responsible for regional sales areas and developed various directed business strategies for money managers of institutional clientele. Prior to Autranet, he was vice president of sales and marketing for broker/dealer UST Securities.
By Madhu Kalia
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.