Neuberger Berman, SL Investment Management, Standard Life, GESB, Acadian, Pioneer, Russell Investments, Northern Trust
Neuberger Berman has lured ING executive David Eckert to serve as global head of infrastructure effective 1 June. Eckert was previously global chief operating officer and chief information officer for asset management and insurance at ING.
Eckert will report to Andrew Komaroff, chief operating officer at Neuberger Berman.
Eckert said: "I am excited to join a firm with a rich history as a pure-play asset management firm. Neuberger Berman understands that the back office is really the front office-that investing in IT and operations capabilities bears directly on a firm's ability to deliver for clients."
Paul Sands will return to his former role of chief executive of SL Investment Management, the traded endowment policy and life settlement product manager. Sand will replace Jeremy Brettell who is leaving the firm "to pursue other opportunities and career goals", the firm said in a release.
Sands served as CEO of SL from 1991 to 2005 and has since served on the company's board of directors. SL has $1.3bn in assets under management. Sands will be based in Chester in the UK.
Standard Life's former managing director of corporate, Gerry O'Neill, has been suspended from his role at the firm. The life and pensions provider confirmed O'Neill has been suspended pending investigation but gave no further detail as to why the decision had been taken. (Global Pensions; 17 May 2011)
Michele Dolin will step down as CEO of GESB, the AU$12bn (US$12.7bn) superannuation and retirement services entity owned by the state of Western Australia.
Dolin will step down as of 10 June, after coming to GESB as CEO in July 2003. During her tenure, GESB's assets under management went from AU$3.2 - AU$12bn. Fabian Ross, GESB's current general manager of wealth management, has been appointed acting chief executive and a formal recruitment process will be launched to find Dolin's replacement, GESB Board Chairman John Langoulant said in a media release. (Global Pensions; 19 May 2011)
Acadian Asset Management UK, an affiliate of the US-based Acadian Asset Management, has hired Sander van Ouwerkerk to grow its Benelux region and Naureen Khan as part of the marketing and consultant relations team. Both will be based in London and report to Laurent de Greef, managing director and head of the London office. Van Ouwerkerk was previously an institutional client service manager with Dimensional Fund Advisors, while Khan was head of marketing at UK currency manager, C-View.
Pioneer Investments has appointed current head of western Europe Fabien Madar as head of the Netherlands and Nordics. Madar will continue to run France, Switzerland and Luxembourg and will have overall responsibility for these regions, including servicing existing clients and acquiring new business across a range of segments and distribution networks, Pioneer said. (Global Pensions; 16 May 2011)
Russell Investments has hired Matt Wacher as regional director for indexes in Australia and New Zealand. He will be tasked with bringing new tailored indexes to market over the next 12 months. He was previously head of institutional sales and products for CMC Markets in Tokyo.
Northern Trust has appointed Nadia Ivanova to the newly-created role of head of global fund services for Australasia and Vicki Martyn joins Northern Trust as a senior relationship manager.
Ivanova has worked at Northern Trust for 17 years in Europe and the United States. Prior to Australia, she was based in London and led the Northern Trust Global Fund Administration operation for EMEA and Asia-Pacific. In Australia, she will lead a team supporting investment operations outsourcing, fund administration, accounting and tax services for both local and global investment managers. (Global Pensions; 18 May 2011)
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?