State Street says the Local Government Pensions Institution (LGPI) of Finland has confirmed the bank will be successor as its custodian and fund administrator to Deutsche GSS. State Street says the re appointment follows a formal review process conducted via
Mercer Investment Consulting is launching a new Investment ConsultingPractice in Germany. The launch follows the recruitment of Herwig Kinzler and Erik Crawford as Senior Investment Consultants based in Frankfurt. Both have joined Mercer from Towers Perrin in Germany, where they
Profits at JP Morgan Chase rose 78 per cent in the second quarter, taking earnings for the first half beyond what the bank earned in the whole of 2002. The improved results reflect mainly better performance in bond trading and
Pacific Life has exercised its option obliging Allianz to buy a further stake in PIMCO stake worth $250 million. The purchase takes the Allianz interest in PIMCO interest to 77.5 percent. The Munich based insurer bought 70 per cent of
The UK government has struggled since it took office in 1997 to find ways of achieving the impossible making people without spare cash save money for retirement. Its initial idea the so called "stakeholder" pension offered by UK life and
The first of a series of economic forecasts for emerging market economies published yesterday by the University of Michigan's William Davidson Institute predicts that Central and Eastern European economies are now so well integrated with the developed economies of the
JPMorgan Treasury Services, the payment and treasury services arm of the giant American bank, claims to have settled its 500,000th foreign exchange (FX) trade through CLS and secured its twenty eighth third party CLS client Mercantile Discount Bank Ltd. of
RBC Global Services says it has been reappointed by British Columbia Investment Management Corporation (bcIMC) to provide global custody and related services for its diversified C$57 billion portfolio of assets. RBC Global Services regained the mandate following a Request for
Canada 's top companies are being overly optimistic in the assumptions they use for their corporate pension plans, says a study by UBS. While most companies have reduced their assumptions on the discount rate and the expected return on pension