ASIA - Fidelity International has promoted Judy Marlinski to president of the Japan business and scooped the former CEO of BGI's Asia business for a new managing director of Asia ex-Japan role.
Marlinski is currently head of project management in Tokyo but will take on the role of president on 1 June. Previously she was chief operating officer for investments. Marlinski will replace Thomas Balk who will take on a new role in the UK, though more details about that role were not provided.
The firm also said Mark Talbot will be joining on 27 June to help grow the firm's footprint in China, Hong Kong, Singapore, South Korea and Taiwan. He was previously the chief executive of Asia ex-Japan for Barclays Global Investors in Hong Kong. He will report to Arne Lindman, chief executive for Asia Pacific.
A large part of his role will involve liaising with local governments and regulators "to help them strike a balance between protecting investor interests and encouraging long-term and disciplined savings", Lindman said.
"Having global leaders such as Fidelity actively participate in the regulatory debate will become paramount in the next two to three years in Asia," he said.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.