SSgA; Newton; CIC; Russell Investments; SRL Global
State Street Global Advisors has hired Kevin Thompson and Adam Sadiq as regional sales directors for EMEA within its cash management team. The team oversees $450bn in cash strategies globally.
They will be based in London and report to Jennifer Hole, head of SSgA's cash business.
Thompson was previously head of business developments at portal provider ICD, where he focused on developing business outside of North America. Sadiq joins from Western Asset Management Company, where he worked on developing the firm's liquidity and short-term fixed-income business.
Newton Investment Management has hired Scott Anderson to direct the firm's institutional sales efforts in the UK. He will also join Newton's consultant relations team.
Anderson joins from Institutional Investor Institute where he was executive director. There he was responsible for the membership based pension fund forums in the UK and Europe, Newton, a subsidiary of BNY Mellon Asset Management, said. "He transformed the Institute's member base since arriving in 2007, growing it three-foldand developing close business relationships with senior executives at the leading UK and European pension funds."
Li Keping, vice chairman for the National Council for Social Security Fund, will leave the fund to join the China Investment Corporation as chief investment officer.
He replaces Gao Xiqing as CIO of the $332bn sovereign wealth fund, though Xiqing will maintain his position as vice-chairman and president of CIC. Keping will also take on the role of executive director and vice chairman, replacing Zhang Hongli who is retiring.
Russell Investments has appointed Len Brennan as president and chief executive, and as a director on the company's board.
He succeeds Andrew Doman, who will become chairman of the board.
Brennan recently re-joined Russell as chief executive of the Europe Middle East and Africa business, a position he will continue to hold in addition to his new responsibilities. (Global Pensions; 13 July 2011)
Technology provider SRL Global has brought on Yvonne Barker-Layton as marketing and client services director.
"Yvonne has a strong background in marketing and client services within the financial industry, having previously worked in that very area as a consultant at a Geneva-based independent asset and wealth management company, playing a key role in establishing the business from inception," SRL said in a release.
Until January 2009, she was at Renaissance Investment Management where she served as head of international marketing and client services.
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead