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RBC Global Asset Management appoints first head of international business
trueClive Brown has been named CEO and managing director of RBC Global Asset Management International.
South African funds don't invest in their backyard
trueIt is not just European and U.S. pension funds that are slow to invest in the opportunities available on the Africa continent: South Africa-based funds also need encouragement.
New effort puts focus on Africa
trueInstitutional investment into Africa is set for a boost due in part to a new task force that will work to encourage capital flows into infrastructure projects in the region.
RBC Global Asset Management adds EMEA managing director
trueAnne-Sophie Girault joined RBC Global Asset Management as managing director for business development in Europe, the Middle East and Africa.
Investec, U.S. Chamber of Commerce promote African investment
trueInvestec Asset Management has partnered with the U.S. Chamber of Commerce’s Africa Business Initiative to produce a report highlighting the ways that foreign investment can be promoted in the Africa region.
3 join State Street in Europe
trueOliver Berger, Andreas Schmid and Tom Wooders were appointed to State Street Corp.'s sector solutions team, said a spokesman.
New CIO chosen for American University in Cairo endowment
trueJanice Emery was named chief investment officer of the American University in Cairo, Egypt, said Brian MacDougall, executive vice president for administration and finance, in an e-mail.
UBS hires head of liquidity for EMEA
trueJames Finch joined UBS Global Asset Management as head of global liquidity management in Europe, the Middle East and Africa, a spokesman said.
J.P. Morgan names new EMEA fixed-income chief
trueMaria Ryan was named Europe, Middle East and Africa head of fixed-income strategies for J.P. Morgan Asset Management’s global fixed-income business.
Macquarie adds EMEA distribution head
trueSteve Haswell joined Macquarie Investment Management as head of distribution for Europe, the Middle East and Africa, said a spokesman.
Mercer acquires 34% stake in South African firm Alexander Forbes
trueMercer Africa Ltd. reached an agreement to acquire a 34% stake in Johannesburg-based financial services group Alexander Forbes Group Holdings Ltd. in a deal that will expand Mercer's exposure to growth prospects in South Africa and sub-Saharan Africa and make it a shareholder in Alexander Forbes' ...
Helios Investment Partners takes stake in Nigerian pension fund manager
trueHelios Investment Partners took a minority stake in Nigerian pension fund manager ARM Pension Managers PFA.
South Africa pension fund CEO quitting
trueElias Masilela resigned as CEO of the 1.6 trillion South African rand ($151.3 billion) pension fund Public Investment Corp., effective June 30.
Morningstar beefs up EMEA group
trueDan Kemp was named co-head of investment consulting and portfolio management in Morningstar’s investment management EMEA group, a spokeswoman said.
Old Mutual Asset Management's AUM rises in quarter despite outflows
trueOld Mutual's U.S. money management subsidiary, Old Mutual Asset Management, reported assets under management of $260.6 billion as of March 31, a 1.2% increase from the end of the previous quarter, despite client outflows over the period.