BlackRock hires NEST's Gilbody; Aviva Investors; Liongate; Municipal Fire and Police Retirement System of Iowa; Ignis; HSBC Asset Management; Towers Watson; Acadian; Cardano; LGIM; Mercer
BlackRock has hired the National Employment Savings Trusts's (NEST) Paul Gilbody as head of DC consultant relations in an effort to increase its footprint in the UK DC market.
Gilbody is based in London and reports to head of UK DC Steve Rumbles.
At NEST, he was director of market engagement. He was responsible for designing and implementing the distribution of the strategy. BlackRock said.
Rumbles said: "Paul has proven skills in designing and delivering corporate pensions strategies and the insight and expertise gained in his previous roles make him a natural fit for this position as we look to extend the scope of our DC proposition in the UK.
"As an integral member of the team, Paul will be central to maintaining and developing our relationships with the consultant community and further strengthen our position in the UK's DC market."
Aviva Investors has hired Beng Eu Lim as head of institutional business development for Asia Pacific. He will be based in Singapore and report into Erich Gerth, chief executive of global business development and Tahnoon Pasha, CEO Singapore.
He joins from Turner Investments where he worked on business development and marketing.
Gerth said: "Asia Pacific is a key region of growth for Aviva Investors and we see significant opportunities throughout the market. The region is home to some of the fastest growing economies in the world with an incredible pool of savings. It's therefore important to ensure that investors can gain exposure to these markets, enabling them to achieve their individual investment requirements.
Hedge fund of fund manager Liongate Capital Management has appointed Richard Teisch US director of investment research. He will be based in New York and coordinate the expansion of the firm's investment research activity. He was previously managing director at alternatives consultant Cliffwater.
The $2bn Municipal Fire and Police Retirement System of Iowa is looking for a new executive director to replace Dennis Jacobs who will retire in January.
EFL Associates is conducting the search. The pension duns is 81% funded and invests 43.6% in tactical asset allocation strategies, 15.06% in private equity; 12.55% in domestic equity; 11.31% in international equity; 9.31% in fixed income, 8.07% in real estate and the rest in cash.
Claude Chene has joined Ignis as global head of distribution, taking over the responsibilities of outgoing sales and marketing director Jonathan Polin.
Chene will join the firm in October from New York based AllianceBernstein where he has held business development, marketing and client servicing roles. He has previously worked for UBS Asset Management, Chase Investors Management and Irving Trust Company. Chene will sit on the Ignis board and will report to Chris Samuel, the chief executive.
The National Association of Pension Funds has appointed Martin Mannion as chairman of the investment council of the funds.
He will replace Ray Martin as chairman of the investment council when his two-year term appointment ends at the NAPF Annual General Meeting on 21 October. Mannion is director of finance and risk for the £8.6bn ($13.7bn) GlaxoSmithKline UK pension schemes, and secretary to the trustee for the GSK common investment fund.
HSBC Global Asset Management has named Deborah Hazell regional head of North America and Bill Maldonado Asia-Pacific chief investment officer in a move to bolster its emerging markets business.
Hazell's appointment is part of a restructuring of the CEO of HSBC Global Asset Management, Americas role that was previously held by Sylvia Coutinho. The role has been split in two with Hazell taking on oversight for North America, and Coutinho taking on the expanded role of HSBC head of retail banking and wealth management for Latin America. (Global Pensions; 8 July 2011)
Towers Watson has appointed Paul Morris as regional leader for Europe, Middle East and Africa (EMEA). He replaces Babloo Ramamurthy, who is retiring after 34 years at the company. (Global Pensions; 7 July 2011)
Acadian Asset Management has appointed Goldman Sachs' Wesley Chan as director of research operations. The global equity specialist said he would help lead its bottom-up research effort alongside Malcolm Baker, a Harvard Business School finance professor who acts as a consultant to the firm. (Global Pensions; 7 July 2011)
Cardano has made four additions to its client team, hiring staff from rival consultancy firms P-Solve, Towers Watson, Mercer and Aon Hewitt, to meet increased client demand.(Global Pensions; 6 July 2011)
Legal & General Investment Management (LGIM) has appointed Aberdeen Asset Management's Nick Griffiths as head of global rates.
Griffiths, who is currently co-head of interest rates and co-head of global portfolios at Aberdeen, will join LGIM in September reporting to head of fixed income Roger Bartley. (Global Pensions; 6 July 2011)
Mercer has become the latest consultant to revamp its Europe, Middle East and Africa offering with the appointment of Martine Ferland from rival firm Towers Watson.
Ferland will join Mercer's London office in September as head of its Retirement, Risk & Finance business for EMEA from Towers Watson where she was retirement business leader for Canada. (Global Pensions; 5 July 2011)
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers