LGPS Central Limited has appointed Ian Brown as Head of Private Markets.

DWS Group and Zurich Germany have extended their strategic partnership in the unit-linked retail business in Germany by 10 years, until the year 2032.

Aberdeen Standard Investments has launched the Multi-Sector Private Credit (MSPC) Fund, an open-ended, diversified private credit solution for UK institutional investors. MSPC is designed to generate attractive levels of income by investing in a diversified portfolio of predominantly investment grade private and alternative credit assets.

Fund management industry body EFAMA says Europe has reached a “milestone” with the adoption of a new capital markets union (CMU) Action Plan by the European Commission, which hopes to remove the remaining obstacles to cross-border investments.

Netherlands-based asset manager Robeco has taken an important step in its sustainable investing approach with the decision to exclude investments in thermal coal, oil sands, and Arctic drilling from all its mutual funds by the end of the year.

The Depository Trust & Clearing Corporation (DTCC) has appointed Lisa Hershey as Managing Director and Chief Compliance Officer with responsibility for leading the firm’s compliance function, effective 1 January, 2021. 

Quorsus, a provider of consultancy services to financial institutions, has appointed Carolyn K Van den Daelen as Managing Partner and Chief of Staff.

State Street Corporation has strengthened its leadership team for State Street Alpha, its open, front-to-back investment servicing platform for institutional and wealth management firms. 

Investment managers are choosing to outsource “core” functions including in-house dealing, foreign exchange and transition management, after reviewing their operations as the Covid-19 pandemic compounded existing cost pressures, according to a white paper published today by Northern Trust.

Total assets under management by Investment Association (IA) members reached a record high of GBP8.5 trillion at the end of 2019, despite ongoing political instability including the UK’s departure from the EU in January 2020.