EUROPE - T Rowe Price Global Investment Services Limited has expanded its European presence with the opening of an office in Stockholm, Sweden.
The opening marks the fourth office the company has opened in Europe since its inception in 2001, adding to its already established offices in London, Copenhagen and Amsterdam.
“We are excited at the prospect of opening our Swedish office and extending our presence in the Nordic region,” said T Rowe Price director, Nordic sales and client relations, Peter Preisler.
“There is a real appetite in Sweden for T Row Price’s highly disciplined, risk-controlled investment approach.”
T Rowe Price has 13 of the largest 25 pension funds in the Nordic region as clients, making it the region’s second largest foreign investment manager. The client base stretches across Denmark, Finland, Iceland, Norway and Sweden.
Managing director, sales and client relations, Tom Pedersen (pictured) added: “Our new office in Stockholm further underpins our growing presence in Europe and demonstrates that we are committed to our clients in the region.”
Former KPMG investment consultant Johan Elmquist has been appointed head of T Rowe Price’s institutional efforts in Sweden to support the expansion.
Elmquist will be joined by Silva El-Hayek who will take on a sales and client servicing role.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.