EFAMA, Aberdeen, BAPI, Wurts & Associates, Schroders, Aon Hewitt
The European Fund and Asset Management Association (EFAMA) has elected Claude Kremer as president for a two-year term.
The election of the new EFAMA head took place in Lucerne during the annual general meeting, where representatives of the European investment management industry also appointed BNP Paribas Asset Management CEO Christian Dargnat and Schroders executive vice chairman Massimo Tosato as vice-presidents. (Global Pensions: 17 June 2011)
Aberdeen Asset Management has appointed Roberto Varandas to head up its global property development business.
The firm, which manages £20bn ($32bn) in assets, said the newly-created role is aimed to keep pace with the increased complexity and diversity of its global client base. (Global Pensions: 15 June 2011)
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
BAPI said his appointment will strengthen its aim to further spread development of the second pillar and the paritarian management of occupational pension plans. He will take up the role from Monday 1 August 2011. (Global Pensions: 14 June 2011)
Consultant Wurts & Associates has hired Jeffrey Scott, the investment chief of the Alaska Permanent Fund Corporation known for spearheading a risk-based asset allocation, to serve as CIO of its outsourcing business.
Wurts also lured Max Giolitti, the $40bn sovereign wealth fund's director of asset allocation and risk. (Global Pensions: 14 June 2011)
Schroders has appointed Bob Jolly to a new role on its fixed income team as head of global macro.
Jolly, who joins in September, will also act as lead portfolio manager for a number of macro and multi-sector portfolios managed by a team of 10. He will also work with regional portfolio managers in Asia and the US to further develop Schroders' global macro investment framework, the firm said.
Jolly joins Schroders from UBS Global Asset Management where he was head of global sovereign, currency and UK fixed income portfolio management. Prior to UBS, he spent more than two decades at Gartmore where he became head of currency and fixed income portfolio construction.
Global head of fixed income Karl Dasher said: "We are very pleased to bring someone of Bob's calibre to our team. Bob has more than two decades of quantifiable experience as a portfolio manager in the global fixed income and currency markets, and he has developed one of the more enviable and consistent track records through highly varied environments. Bob's proven execution skills as well as his strategic sense of how to build and evolve a macro investment process complements our long-term strategy."
Aon Hewitt has appointed John Harrison to its UK investment team as a principal consultant.
Harrison will provide investment consulting advice to a range of clients in both the public and private sectors.
He joins Aon Hewitt with 30 years of experience in institutional fund management, including 24 years with UBS Global Asset Management, most recently as UK chief investment officer. He also acted as an independent investment advisor to the Devon County Council Pension Fund, a role he is retaining separately from his role at Aon Hewitt.
John Rushen, UK head of investment consulting at Aon Hewitt said: "After an impressive career in fund management, John Harrison brings priceless experience and breadth of knowledge to our investment consulting team.
"We have always aimed to make our consultants a broad church of backgrounds, in the belief that this offers our clients the best combination of skills and judgement, as well as a better awareness of what really matters to them. John Harrison offers these qualities in abundance, so we are delighted that he has joined the team."
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?