Watch breaking news videos and read news updates about Europe on pionline.com
Deutsche Bank chooses new chief in makeover of asset servicing division
trueRafael Moral was named managing director and global head of Deutsche Bank's new investor services division, comprising agency securities lending, custody, and clearing and fund services.
Neuberger Berman expands European high-yield team
trueAndrew Wilmont was appointed European high-yield portfolio manager at Neuberger Berman Group in London.
ERAFP scouting for SRI corporate bond managers
trueERAFP is searching for three money managers to run U.S. dollar-denominated socially responsible investing corporate bond funds.
Towers Watson picks head of retirement solutions for EMEA
trueJohn Ball was named head of retirement solutions for Europe, the Middle East and Africa at Towers Watson.
U.K. report warns of growing economic isolation from Europe
trueFundamental weaknesses remain in the eurozone that make it “vulnerable to future shocks,” warns the House of Lords EU Economic and Financial Affairs Subcommittee in a report on the recent recession.
Fonds de Reserve pour les Retraites doles out €800 million for European equities
trueFonds de Reserve pour les Retraites, Paris, hired nine money managers to run actively managed equity allocations, according to a news release.
EFAMA: International fund assets hit record $32.8 trillion
trueInternational investment fund assets hit an all-time high of €23.8 trillion ($32.8 trillion) as of Dec. 31, according to the European Fund and Asset Management Association.
First State adds to European institutional team
trueJimmy Burns, Denise Saber and Frank Glennon will join First State Investments’ institutional team in Europe as part of an expansion of the client and consultant relations team and the creation of a dedicated business development team for institutional clients, said a First State spokesman.
EC continues to look to pension assets for growth
trueThe European Commission has reinforced its message that pension funds in Europe are the key to financing long-term growth in the region.
EC's occupational retirement proposal stays the course; U.K. pension industry concerned
trueThe U.K. pension industry has expressed disappointment in the European Commission's replacement for the European pensions directive, which is known as the Institutions for Occupational Retirement Provision, published Thursday.
AP7 sticks with BNY Mellon as custodian
trueAP7 rehired Bank of New York Mellon as global custodian.
Amundi parent sets path to exceed €1 trillion in AUM by 2016
trueCredit Agricole Group plans to grow the assets under management at its subsidiary money management firm Amundi to €1 trillion ($1.4 trillion) by 2016 through new fund offerings and acquisitions.
Ukraine and Russia relations not expected to impact global economic growth
trueThe tensions between Russia and Ukraine, while potentially increasing volatility, will not likely impact the global economy significantly, according to a report from Standish Mellon Asset Management.
Investors are shifting their approach to emerging markets
trueJust as institutional investors are viewing emerging markets as a mainstream, must-have part of an investment portfolio, the chairman and CEO of the world's largest money manager thinks the term will soon cease to be relevant.
AXA Investment Managers names chief of institutional client group
trueTim Gardener was appointed global head of AXA Investment Managers' newly created institutional client group.