US/UK - Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice chairman and chief executive.
Arledge (pictured) replaces Ronald O'Hanley, who left the $1trn shop to join Fidelity Investments in May. (Global Pensions; May 11, 2010)
Arledge will join in the fourth quarter and report to Robert Kelly, BNY Mellon's chairman and chief executive officer.
Mitchell Harris, who has been serving as interim head of asset management since O'Hanley's departure, will continue as chairman of BNY Mellon Asset Management's fixed income, cash and currency group.
BNY Mellon still needs to replace former vice-chairman Jon Little, who left in July to join Kedge Capital. (Global Pensions; July 28, 2010)
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HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.