Nordic flags

Muzinich & Co targets Nordic region with new business development appointment

Muzinich & Co has created a Nordic business development and client relationship role as it continues to expand into institutional markets across Europe. »


Pension professionals blame poor IT for lack of preparation to meet GMP deadline

Two out of three (67 per cent) pension professionals blame legacy systems/poor IT infrastructure for UK pension schemes’ lack of preparation in meeting the government’s April 2016 deadline to have accurate assessments of their members’ Guaranteed Minimum Pension (GMP) rights. »

Two fingers

TCW expands alternatives team with two senior hires

The TCW Group has appointed William Lloyd and Joseph Quinn to the firm’s alternatives team, as Managing Director and Head of Alternatives Marketing, and Senior Vice President of Alternatives Marketing, respectively. »


Aviva Investors expands infrastructure team

Aviva Investors has appointed Veronique Leroy and Jolanta Touzard to its infrastructure team. »


DTCC forms industry steering committee to drive US T+2 implementation

The Depository Trust and Clearing Corporation (DTCC), in collaboration with the financial services industry, has formed an industry steering committee to drive the implantation of two-day settlement cycle (T+2) in the US. »

Two fingers

Principal Funds launches two new fixed-income funds

Principal Funds has launched two new fixed-income funds – the Principal Credit Opportunities Explorer Fund (PCEAX) and the Principal Dynamic High Yield Explorer Fund (PDYAX). »

Man with a loud hailer

Global Indemnity to purchase American Reliable Insurance Company

Global Indemnity’s US affiliate is to purchase American Reliable Insurance Company from Assurant, Inc. (NYSE: AIZ) in a transaction with an enterprise value of approximately USD394,000,000.  »


UBS Global Asset Management names Ned McNally to US Financial Institutions Group

UBS Global Asset Management has hired Ned McNally as a Director and National Sales Manager, focusing on business development efforts in its US Financial Institutions Group.  »


O’Brien-Staley Partners selects Wells Fargo Global Fund Services

O’Brien-Staley Partners has selected Wells Fargo Global Fund Services to provide daily fund administration and a comprehensive outsourced middle and back office operations solution. »

Thumbs up

Northern Trust secures GBP1.9bn London local council pension schemes mandate

Two London local authorities have appointed Northern Trust to provide global custody, investment accounting and performance measurement services for GBP1.9 billion in pension fund assets. »

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