Towers Watson, LV=Asset Management, Future Fund, PGGM, Aegon, Hermes, Sandler O'Neill & Partners
Aon Hewitt's Oliver Rowlands is to leave the consultant after 25 years to work for rival Towers Watson. Rowlands, who was Aon Hewitt EMEA retirement practice leader and main board director, joins Towers Watson as a senior consultant in May.
He also had responsibility for a number of major clients, including several scheme actuary appointments. He was formerly a partner at Clay & Partners and is a fellow of the Institute of Actuaries.
Towers Watson head of UK pensions John Ball said: "I am delighted that Oliver has decided to join Towers Watson. He brings extensive consulting experience and strong business acumen that will further strengthen our position in the marketplace and consultancy to clients. We very much look forward to working with him."
LV= Asset Management has appointed Ian Harvey to the newly-created position of head of institutional development as it looks to build its presence in the institutional market.
LVAM, the fund management arm of the mutual insurance, investment and retirement group LV=, said the hire demonstrated its commitment to the market. Harvey's most recent role was head of pooled funds and defined contribution at BNY Mellon Asset Management International where he had overall responsibility for the $9bn pooled fund business working with UK pension funds, charities and family offices.
The A$71.8bn ($74bn) Future Fund has named Mark Burgess its new general manager. Burgess will join from the Treasury Group, a company that invests in small to medium sized asset managers, where he is currently chief executive. Burgess replaces Paul Costello who left in September. (Global Pensions; 25 March 2011)
Dutch pension fund manager PGGM has appointed Eloy Lindeijer as its new chief investment officer. He replaces Johan van der Ende who left in October claiming "mutual expectations within the executive committee would impede successful co-operation". Jac Kragt, chief finance and risk officer, had been serving as CIO on an interim basis. (Global Pensions; 21 March 2011)
Aegon Asset Management has appointed Jon Dadswell as head of institutional sales, as the firm looks to build on mandate wins for its asset allocation service. He will lead the four-strong institutional sales team and will be responsible for all institutional sales activities.
Dadswell was previously head of property sales within Aegon Asset Management and will continue to have responsibility for this area of its business.
Hermes Equity Ownership Services has appointed Henk Marius and Roger Hirst as senior advisers to international clients and engagement services.
Marius was previously head of legal at Shell Asset Management Company and Shell Pensioenfonds in the Netherlands where he looked after responsible ownership activities. He is tasked with helping to grow Hermes' Dutch client base and will be based in the Netherlands. Hirst previously ran the equity research division for Bear Stearns in London and will continue to be based in London.
Sandler O'Neill & Partners, an investment banking firm specializing in financial services companies, said it hired Aaron Dorr to lead the firm's asset management investment banking group. He will be based in New York and report to Brian Sterling and William Hickey, principals and co-heads of Investment Banking. Dorr joins from Jefferies Group where he served in a similar position.
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.