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River and Mercantile Group bolsters U.K. institutional distribution team
trueJenny Yoe was named managing director, head of U.K. institutional for River and Mercantile Group, one of four recruitments or promotions for the U.K. institutional distribution team.
Pensions Infrastructure Platform recruiting for investment team
truePensions Infrastructure Platform, an organization designed to give pension funds greater access to infrastructure projects in the U.K., is currently recruiting to build its in-house investment team.
Aviva Investors fined $27 million for trading violations
trueAviva Investors was fined £17.6 million ($27.2 million) by the U.K.'s Financial Conduct Authority for violations related to the management of a number of portfolios within its fixed-income business.
Buck hires consultant for U.K.
trueWilliam Parry was named investment consultant at Buck Consultants.
Man Group to expand equities business with NewSmith acquisition
trueMan Group will acquire NewSmith's investment management unit, adding $1.2 billion of assets to the alternative money manager's business, and adding to its existing equities business under Man GLG.
Standard Life Investments expands infrastructure debt team
trueAlex Campbell was named investment director for infrastructure debt at Standard Life Investments, a spokeswoman said.
Franklin Templeton names emerging markets debt portfolio manager
trueStephanie Ouwendijk joined Franklin Templeton Investments as a vice president and portfolio manager in the firm’s emerging markets debt opportunities team.
BNP Paribas Investment Partners adds global equity head, senior portfolio managers
trueSimon Roberts joined BNP Paribas Investment Partners as head of the global equity team, to create a new institutional strategy.
AMP boosts infrastructure debt team in London
trueRoopa Murthy joined AMP Capital as a director and Giles Gray joined as an associate on the firm's infrastructure debt team in London.
University of Reading enrolls new administrator
trueUniversity of Reading Employees' Pension Fund appointed Barnett Waddingham to provide administration services.
NEST CEO to leave fund at end of year
trueTim Jones resigned effective year-end as CEO of National Employment Savings Trust.
U.K. pension funding shortfall soars 35% to record high in January
trueThe total deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index increased 38% to a record £367.5 billion ($559.8 billion) in January.
La Francaise takes stake in Fred Alger Management U.K. subsidiary
trueParis-based money manager La Francaise took a 49.9% interest in Alger Management Ltd., the London-based subsidiary of Fred Alger Management.
ScottishPower completes longevity swap for pension fund
trueScottishPower U.K. PLC completed a longevity insurance swap with Abbey Life Assurance Co., a Deutsche Bank subsidiary, for its ScottishPower Pension Scheme.
Aberdeen adds diversified growth executive
trueMike Brooks was appointed co-lead of diversified growth strategies for Aberdeen Asset Management’s investment solutions business.