THE NETHERLANDS - Philips' decision to hive off its e13.5bn pensions asset management business to Merrill Lynch Investment Managers (MLIM) is sending ripples of discontent across the pension fund, with at least seven people resigning and several more expected to follow.
Two out of a team of five on the equities desk have resigned – Marco van Lent and Richard Speetjens will join as portfolio managers at F. van Lanschot, the Dutch private bank in September. The thre...
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