News

UK - Citi has appointment Satvinder Singh as head of direct custody and clearing and intermediaries in EMEA.

CREDIT SUISSE has reported a 30pc fall in income from its asset management division in 2007.

UK - BNY Convergex Group has opened a broker dealer in the UK to serve institutional investment clients in Europe.

UK- The aggregate funding position of defined benefit (DB) funds in the UK worsened for the third consecutive month in January, the Pension Protection Fund has estimated.

Shock inflation rise hits hopes of early rate cut; New Resolution delay; Hargreaves Lansdown predicts ISA slowdown; Credit Suisse reports record profits

NETHERLANDS - Life insurance company De Eendragt Pensioen NV has awarded Lehman Brothers a mandate worth up to €100m (US$145m).

MIDAS CAPITAL is set to merge with iimia MitonOptimal and list on the London Stock Exchange.

THE £2bn Avon Pension Fund is looking for multi-managers to run two specialist active property portfolios worth a total of £250m.

CANADA - Members of the Kerry (Canada) Inc pension scheme have secured an appeal against last year's ruling which favoured the employer's running of the retirement scheme.

EMPLOYERS and trustees must ensure that they are paying the lowest possible Pension Protection Fund levy before voluntary certification deadlines, Wragge & Co urges.