INCLUDING: Netherlands - ING IM Europe CIO announced; UK - Pearl Group appoints CEO; CYPRUS - Hewitt boosts Cyprus team
ING intends to appoint Jan Straatman as chief investment officer of ING Investment
Management Europe. Straatman, currently CEO/CIO of Pearl-Axial Investments, will lead the investment departments of ING Investment Management Europe in further achieving its ambition of becoming a top-tier asset manager. Subject to regulatory approval, he takes over the CIO position from Maes van Lanschot, who has been appointed as head of credit capitals at ING Group.
UK - Pearl Group appoints CEO
Pearl Group has appointed Gavin Stewart to the role of chief executive of its enlarged asset management business, after it gained approval for its acquisition of Resolution. Stewart, currently CEO of Resolution Asset Management (RAM), will have responsibility for RAM and Axial Investment Management. He will combine the complementary skills of Axial and RAM, including Axial's capabilities in asset liability work, to create an independently capitalised asset management business with funds under management of around £80bn.
CYPRUS - Hewitt boosts Cyprus team
Hewitt Associates has appointed Pantelis Argyrou to its pensions consulting team in Cyprus. Pantelis, who will be based in Hewitt's Nicosia office, joins from Towers Perrin. Most recently, he worked in its international practice in London, leading client teams consulting with a number of multinational clients and managing several multiple country projects. Prior to this, he spent five years working with the UK Government Actuary's Department in social security work for governments around the world, as well as pensions related work for UK local authorities.
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.