Russell Investments, Aviva, Franklin Templeton, AXA IM, Pioneer
Russell Investments has appointed Heath Mottram and David Hickey as directors of its fiduciary management team with a particular focus on institutional sales.
Previously, Mottram worked at the Royal Mail pension plan for six years and Hickey joins from Barclays Capital where he was head of UK and Ireland Pension Origination.
Both are based in London and will report to head of fiduciary management EMEA at Russell Investments Shamindra Perera.
Aviva Investors has opened an office in Utrecht and appointed Catrinus van Willigen as managing director for Belgium, Netherlands and Luxembourg (Benelux) as part of the firm's goal to grow assets in the region.
Van Willigen will report to head of institutional channel UK and Europe Veronique Cherret.
The new hire and market entry comes against the backdrop of Aviva Investors recent mandate wins from Philips Pensioenfonds and Stichting Pensioenfonds Medisch Specialisten (SPMS) - two of the top 20 largest pension funds in the Netherlands. (Global Pensions; 28 February 2011)
Catrinus was previously with Robeco, most recently as an executive vice president with responsibility for establishing strategic relationships, servicing institutional clients and cross selling while overseeing institutional account management.
Asset management firm Franklin Templeton Investments has named Jo-Anne Bailey as director of its African division. (Global Pensions; 3 November 2011).
AXA Investment Managers has appointed Madeline Forrester as head of institutional sales UK. She will report to Irshaad Ahmad, head of UK and Nordics and member of the AXA IM executive committee.
In her new role, Forrester will be responsible for the ongoing development and promotion of the firm's sales in the UK institutional market. She joins from Threadneedle where she was responsible for the firm's institutional business and helped expand business across the UK, EMEA and Australia. She joined the firm in 1995 as Fixed Income Portfolio Manager.
Asset manager Pioneer Investments has recruited Sean Taylor as head of global emerging markets equity and Fabiana Fedeli as senior portfolio manager of Asia Equity as part of its newly created emerging markets hub in London.
Taylor will report to head of emerging markets Mauro Ratto and Fedeli will be working under Angelo Corbetta, head of Asia equity at the firm.
Taylor was investment director at GAM and was responsible for managing global emerging and frontier markets funds. Fedeli joins from Occam Asset Management, where she was a partner and fund manager and co-managing Asia ex- Japan fund.
Pioneer Investments chief investment officer Giordano Lombardo said: "We have set ourselves the strategic goal as part of our new organic growth plan of becoming a premier full service emerging markets centre. Therefore, we are bringing together a team of top, proven talent, that will bring investment excellence and create compelling opportunities for our client base."
Earlier in the week, the firm said it hired Teresa Molins as senior sales manager of its institutional business in Spain and Portugal. (Global Pensions; 3 November 2011).
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.