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BNP Paribas Securities Services eyes acquisitions, U.S. revenue growth
trueBNP Paribas Securities Services is targeting 30% average annual growth rate in revenues from the U.S. custody business by 2016, with part of that growth potentially coming from its “aggressive” acquisition agenda.
BP Pension Trustees appoint interim CEO
trueDavid Rix was named interim CEO of BP Pension Trustees.
BP Pension Trustees CEO leaves
trueSally Bridgeland left as CEO of BP Pension Trustees, Ms. Bridgeland confirmed.
Aviva Investors names client solutions director
truestrong>Mark Versey joined Aviva Investors as director of client solutions.
J.P. Morgan adds U.K. defined contribution sales exec
trueAndy Seed will join J.P. Morgan Asset Management's defined contribution team as part of its continued expansion of its U.K. business.
Infrastructure manager Ancala Partners boosts team
trueVincent Gerritsen was named partner at Ancala Partners, said a spokeswoman for the infrastructure investment firm.
Britain's budget benefits money managers
trueChanges to the way U.K. defined contribution plan participants access their retirement savings has given money managers a clean slate on which to design investment funds and strategies for retirement.
Famous cycling coach lends his expertise to managers
trueMoney managers can turn to the head coach of British Cycling and former professional racing cyclist, Shane Sutton, to strengthen their investment process, thanks to a new collaboration with investment process analyst Inalytics.
National Grid U.K. plan gradually moving to match future liabilities
trueThe National Grid U.K. Pension Scheme, London, is in derisking mode.
F&C Asset Management expands consultant relations team
trueGreg Skinner was appointed head of consultant relations for F&C Asset Management U.K. institutional business team, and Tom Gardner joined as associate director, consultant relations.
Scottish higher education procurement consortium calls on Mercer to start new DC plan
trueAdvanced Procurement for Universities and Colleges, Edinburgh, hired Mercer to establish a defined contribution plan on behalf of the U.K. higher and further education sector.
West Sussex County Council brings on Aberdeen for real estate allocation
trueWest Sussex County Council Pension Fund, Chichester, England, hired Aberdeen Asset Management to run about £200 million ($334.9 million) in real estate assets.
Towers Watson: No final salary pensions for new employees in FTSE 100
trueThere are no companies left in the FTSE 100 that offer a final salary pension fund as their primary retirement plan for new employees, according to research by consultant Towers Watson.
SSgA names DC strategist for London office
trueAlistair Byrne was appointed as senior defined contribution strategist in State Street Global Advisors' London office.
U.K. High Court rules IBM breached pension duties
trueInternational Business Machines Corp., Armonk, N.Y., breached its duties to U.K. pension fund participants in the way it implemented a restructuring of its arrangements, the High Court of Justice, Chancery Division has ruled.