Wednesday people roundup

first_imgEaton Vance, The Pensions Trust, F&C Investments, Aegon UK, Baring Asset Management, VanguardEaton Vance – David Morley is taking on the role of business development director of UK institutional, at Eaton Vance Management International (EVMI), a subsidiary of Eaton Vance Corp. Based in the firm’s London office, Morley will be responsible for business development and the management of key institutional and consultant relationships in the UK and Ireland. He will report to Niall Quinn, managing director and president at EVMI. He was previously head of institutional sales for the UK and Nordic region at Lombard Odier Investment Managers, and before that, Henderson Global Investors, where he was director of institutional business.The Pensions Trust – Andy O’Regan has been appointed executive scheme manager at UK workplace pension fund The Pensions Trust, and joined the fund in December. The pension fund said O’Regan’s appointment was one of several hirings it made to support the new strategy it announced last year. O’Regan has been a pensions actuary for 12 years. His most recent job was with KPMG, and he has also worked at Mercer and LCP.F&C Investments – David Walker has been hired by F&C Investments as investment director in F&C Private Equity Funds, coming to the firm from the European Investment Bank (EIB) in Luxembourg. He will be returning to his native city of Edinburgh to take up the new job, after spending 14 years in Luxembourg. At the EIB, Walker was head of infrastructure funds and before that deputy head of equity funds at the European Investment Fund. Aegon UK – Ian Pittaway has been appointed as chair of the independent governance committee. He has been a partner at Sacker & Partners since 1996. He is also an independent trustee and, since 2014, chairman of the Association of Professional Pension Trustees.Baring Asset Management – Rod Aldridge has been promoted within Baring Asset Management to the position of head of wholesale distribution for the EMEA. He will still be based in London and report to Angus Woolhouse, global head of distribution. Aldridge joined Barings in 2008 and was most recently head of UK wholesale distribution. Before Barings, he worked at Gartmore Investment Management. He will be replacing Oliver Morath, who resigned from Barings for another job within the industry, the investment management firm said. Vanguard – John James, managing director of Vanguard Australia, and Colin Kelton, principal of Vanguard’s retail marketing and communications group in the US, have been appointed to new roles on the leadership team of Vanguard’s International group. They will report directly to Vanguard International’s managing director James Norris. James will be replacing Thomas Rampulla, who will go back to the US after seven years leading Vanguard’s operations in the UK and Europe, and head up the firm’s Financial Advisor Services division by the middle of this year. Kelton will become managing director at Vanguard Australia.last_img read more

Wednesday people roundup

first_imgFolksam – Karin Stenmar has been appointed as head of sustainability, with effect from 1 December. She has been head of environment at the Swedish pensions and insurance company since 2011 and was previously head of sustainability at the Swedish clothing brand Nudie Jeans. Separately, Mia Liblik, who has been acting chief executive at Folksam subsidiary KPA Pension for around a year, has been appointed chief executive of Folksam LO Pension. She will start the job at Folksam LO Pension at the beginning of January next year. Robert Lundberg, the current chief executive, will stay at Folksam LO Pension and continue to contribute his expertise gained over his eight years in the job. Folksam LO Pension is a joint venture between by Folksam and LO, the Swedish Trade Union Confederation, running the occupational pension scheme for LO members.SEI – The €265bn asset manager SEI Investments Europe has appointed Jasper Streefland as head of institutional sales in the Netherlands. Streefland will become responsible for the growth of SEI’s local fiduciary-management business. He will report to Ian Love, SEI’s head of institutional sales for the EMEA. Previously, Streefland was senior sales manager at NN Investment Partners. He has also worked in sales and account management jobs at Aegon Asset Management and Robeco.Unigestion – Pieter-Jan Frederix has been appointed investment director within the private equity team, joining from the Antenna Group, where he was responsible for direct investments. Before then, he worked at KPMG Corporate Finance, Bear Stearns and private equity firm Veronis Suhler Stevenson.NOW: Pensions – Neil Buckley has been appointed COO, while Neil Brady has been appointed director of operations. Buckley joins from Doha Bank, where he was head of technology and operations. Brady joins from Capita, where he was head of pension operations for the Teachers’ Pension.Kyrkans Pensionskassa – Robert Johnsson has been appointed head of investment management at the Swedish church pension fund Kyrkans Pensionskassa. He was most recently portfolio manager at the academic financing body The Knowledge Foundation (KK-stiftelsen). Before that, he worked at Morgan Stanley in London, Carnegie Investment Bank and Carnegie Fonder (funds). AMF – Peder Hasslev is leaving pension provider AMF, where he has been deputy chief executive and CIO, to take on the role of chief executive at Saminvest, the new state venture capital fund. Altogether, Hasslev has been at AMF for nine years. He will start working at Saminvest in the first quarter of next year.International Accounting Standards Board (IASB) – Françoise Flores is to join the IASB board on 1 January 2017. From 2010 until April 2016, Flores served as chief executive at the European Financial Reporting Advisory Group (EFRAG) and chairman of EFRAG’s Technical Expert Group. Most recently, she returned to work as a partner at accountancy firm Mazars in Paris, France.Vivat – Maarten Dijkshoorn has been appointed as supervisory chairman of insurer Vivat, the parent company of Dutch pensions insurer Zwitserleven. As of 1 December, he is to succeed Jan Nooitgedagt, who was recently appointed as a member of the supervisory board (RvC) of Rabobank. Dijkshoorn is supervisory chair of insurer De Goudse Verzekeringen, as well as RvC member at PGGM, the €200bn pensions provider and asset manager for healthcare scheme PFZW. Dijkshoorn was executive chairman and COO at former insurance group Eureko, renamed Achmea in 2011. He has also been in several management positions at insurer Nationale Nederlanden.AGH – Pensions provider Administratie Groep Holland (AGH) has named Rens van der Meer as manager of finance and control as of 1 January. Van der Meer has been information manager at MN, the €110bn provider and asset manager of the large metal pension funds PME and PMT, since 2013.Jetstone Asset Management – Igor Pikovsky has been appointed chief risk officer at the investment manager, which has $1.8bn (€1.7bn) of committed assets. He joins from fixed income asset manager Rogge Global Partners in London, where he was a senior partner and global head of risk. Before that, he worked at Credit Suisse First Boston and Morgan Stanley. Pikovsky was also an assistant professor of mathematics at Carnegie-Mellon University. Apoteket AB:s Pensionstiftelse, Nobel Foundation, London Pensions Fund Authority, Ilmarinen, Folksam, SEI, NN Investment Partners, Unigestion, NOW: Pensions, Doha Bank, Capita, Kyrkans Pensionskassa, AMF, Saminvest, International Accounting Standards Board, Vivat, AGH, MN, Jetstone, RoggeApoteket AB:s Pensionstiftelse – Gustav Karner has been appointed chief executive of the pension foundation belonging to Sweden’s state-owned pharmaceuticals retailer Apoteket AB. Karner joins Apoteket AB:s Pensionstiftelse from the Nobel Foundation, where he has been CIO.London Pensions Fund Authority (LPFA) – Sir Merrick Cockell is to continue in his role as chairman of the LPFA for a further two years. He will now work to ensure the LPFA implements an investment approach that “recognises the strong environmental and financial case” for fossil-fuel divestment. He has also been charged encouraging investment in London’s infrastructure.Ilmarinen – Matti Kähkönen, president and chief executive at Finnish industrial machinery company Metso, has been appointed as chairman of Ilmarinen’s supervisory board, from 6 April 2017. Salla Luomanmäki has been re-appointed as the first deputy chairman of the supervisory board from that date, and Ari Lehtoranta has been chosen as second deputy chairman. Luomanmäki is executive director of the group Akava Special Branches, and Lehtoranta is chief executive of the company Caverion. Until next April, Matti Lievonen will continue as chairman of the supervisory board, along with Luomanmäki and Antti Herlin. Ilmarinen elects supervisory board members for a two-year term.last_img read more

People moves: USS expands private markets team

first_imgUSS, Stap, LSE, AXA IM, BNY Mellon, Northern Trust, Putnam Investments, Xafinity, William Blair, MSCI, LuxFLAGUSS Investment Management – The private markets team of the UK’s largest pension scheme has three more senior members and a new head of direct private equity, with Rob Horsnall promoted to the latter, a new role.Bob Hewson, Craig McAllister and Rob Brindley have joined the private markets as investment managers in private equity, real assets, and private credit and special situations respectively. McAllister joined in April, and Hornsall and Hewson in October. Hewson had previously been at Alchemy for 10 years, and Brindley joined from Commerzbank, where he was head of strategic asset finance.USS said the creation of the role of head of direct private equity “reflects a continuing shift towards direct investments and an increased focus on applying USS’s long-term capital to acquire market leading businesses with the capability to provide sustainable income or growth over the long-term”. Its private markets team has 40 staff.  Mike Powell, head of private markets group at USS, said: “The continued growth of our direct investment programme is core to our investment belief that the in-house team can deliver superior after-cost risk-adjusted returns, and bring additional benefits for our members in terms of alignment of interests and greater governance over our investments.”Stap APF – Erno Kleijnenberg has announced that he will resign as chairman of the general pension fund (APF) Stap, established by insurer Aegon and pensions provider TKP Pensioen, part of Aegon Group. Last year, Stap was the first APF to receive a licence from supervisor De Nederlandsche Bank (DNB).As several pension funds have joined Stap, and managed assets by the new pensions vehicle have already increased to roughly €2bn, his work has changed and is now less easy to combine with other activities, Kleijnenberg explained. Stap said it would name Kleijnenberg’s successor as soon as the appointment was approved by DNB.London Stock Exchange – CEO Xavier Rolet is to leave the London Stock Exchange Group by the end of next year. The exchange will seek to appoint a successor within the next 12 months with Rolet’s input. He joined from Lehman Brothers in 2009 and has led the company’s expansion both in services offered and market capitalisation.AXA Investment Managers – Alessandro Tentori has been appointed chief investment officer for Italy, based in Milan. He joins from Citigroup in London, were he spent five years as managing director and head of international interest rates strategy. Before that he was chief strategist for Europe at BNP Paribas. BNY Mellon – Rob Rushe has joined the company as European ETF segment executive. He was previously at State Street, where he was managing director and EMEA head of exchange traded fund servicing. He was at State Street for seven years and before that at Bank of Ireland and Northern Trust for 12 years. Northern Trust – Herman Prummel has been named country manager for the Netherlands by asset manager Northern Trust. Prummel joins from BlackRock, where he was chief operating officer for the Netherlands, North America and the Isle of Man. At Northern Trust, he succeeds Wim van Ooijen, who has recently been appointed as head of the company’s activities in Switzerland, while remaining head of operations in Germany.Putnam Investments – Oliver Grimson has joined the firm as director of investment management for the Nordics and Benelux regions, with responsibility for leading the firm’s work with institutional clients in the area. Grimson is based in London. Before joining Putnam, Grimson was client relationship manager in the EMEA institutional sales team for Dimensional Fund Advisors in London from 2011 to 2017. He began his career as an investment analyst for Xafinity Consulting in the UK.Xafinity Group – The UK consulting and administration group has hired Mark Barlow from PwC as an actuary in its pensions business. At PwC he worked on the pensions aspects of RBS’s work to ring-fence the bank, Xafinity said. William Blair – Stephanie Braming has been appointed global head of the company’s investment management business. She was most recently a portfolio manager for the William Blair International Small Cap Growth and International Growth strategies, with responsibility for nearly $20bn (€17bn) of client assets. She has been with William Blair since 2004 and was previously a principal at Mercer Investment Consulting. MSCI ESG Research – Panos Seretis has joined the company as executive director and head of ESG research in EMEA, based in London. He joined from Credit Suisse where he was responsible for fundamental equity analysis based on “HOLT” methodology for European banks, consumer staples and real estate companies. Before Credit Suisse, Seretis worked at Procter & Gamble and General Electric.  Luxembourg Finance Labelling Agency (LuxFLAG) – Mario Mantrisi will take over from Annemarie Arens as general manager in January 2018. LuxFLAG operates labels for responsible investment financial products that currently cover investment products worth €31bn. Mantrisi was previously at  Kneip and Inreg, which he co-founded.last_img read more

PensionsEurope questions legal basis for EIOPA info requests

first_imgThe only way EIOPA would have a legal basis for its proposed reporting requirements, PensionsEurope suggested, would be if certain European Commission-proposed changes to the European system of financial supervision were adopted.Even then, however, “the level of harmonisation for IORPs would still be determined by the IORP II Directive”, PensionsEurope added.The umbrella association for European national pension trade bodies also criticised EIOPA’s plan to require NCAs to report individual data on the largest European pension funds, saying it was not EIOPA’s role “to supervise individual IORPs”.Aggregated data was enough for EIOPA to be able to meet its aim, PensionsEurope argued. The trade body said EIOPA did not have a legal basis to directly approach individual pension funds “and EIOPA should not do it in an indirect way by asking the NCAs to pass all reporting templates of individual IORPs”.EIOPA has asked for data relating to pension funds with assets of more than €1bn, or for at least the five biggest IORPs in a given country, unless they are smaller than €100m.“EIOPA will refrain from publishing any individual IORP data and will pay particular attention when publishing aggregate data of small sets of reporting entities’ data,” it has said.Overall, PensionsEurope said it had not heard “sound arguments” supporting EIOPA’s request for data. Trade bodies have already criticised the proposal for the burden and costs it could impose on pension schemes.PensionsEurope said EIOPA needed to make “a robust case” for the benefits to members from wanting the information.“This should include a detailed account of what action EIOPA would propose to take in the event that the data provided raises concerns,” it added. “We are unclear what those concerns might be, but we presume that EIOPA has already considered this in detail and will, therefore, be able to publish this information before the end of 2017 – together with the full account of the actions it will take in the event of those concerns being realised.”The European Central Bank (ECB) also has its eye on pension fund data, and has consulted on a draft regulation for statistical reporting requirements for pension funds. PensionsEurope has been more positive about this: in its response to the EIOPA consultation it said NCAs should align their reporting with the technical format and data required under the draft ECB regulation. The legal basis for EIOPA’s proposed framework for information requests from national authorities is questionable, according to PensionsEurope.Earlier this year EIOPA – the EU supervisor for insurers and pension funds – proposed a single framework for the regular reporting of occupational pension information by “national competent authorities” (NCAs). It cited Article 35 of its founding regulation as the basis on which it requests information from the NCAs at recurring intervals and in certain specified formats.In its response to EIOPA’s consultation on the proposed framework, PensionsEurope said Article 35 did not “stand on its own”, as the IORP II Directive was the basis for prudential regulation of Institutions for Occupational Retirement Provision (IORPs).The IORP II Directive did not stipulate the introduction of reporting and disclosure requirements like those under Solvency II, it said.last_img read more

‘Toothless’ accounting watchdog to face wide-ranging governance probe

first_imgThe UK’s embattled audit regulator, the Financial Reporting Council (FRC), is to face a wide-ranging inquiry into its operations, business secretary Greg Clarke announced this week.Former top civil servant Sir John Kingman is to head the review, which will probe a range of areas including the FRC’s governance, conflicts of interest and accountability.In a statement, the watchdog’s chairman Sir Win Bischoff welcomed the move.He said: “We welcome this independent review of the FRC’s governance, impact and powers and look forward to contributing positively to it. “Meeting public expectations means using our powers effectively, working closely with other regulators and identifying where gaps in those powers exist.“The review will ensure we are best placed to support UK efforts to attract investment in business for the long term.”“The review will ensure we are best placed to support UK efforts to attract investment in business for the long term.”Sir Win Bischoff, FRCThe Kingman review will also look at the FRC’s use of external legal advisers, its relationship with government and its funding arrangements.The UK audit market watchdog has come under sustained fire in recent months following a series of high-profile corporate failures.During a parliamentary hearing into the collapse of services group Carillion, politicians accused the FRC of being “toothless”, “useless” and “ineffective” as a regulator.Sir John Kingman was a civil servant at the UK Treasury before he quit to take over as chairman of insurer Legal & General in 2016.Questions raised over review Baroness Sharon BowlesLong-standing FRC critic Sharon Bowles, a member of the UK parliament’s upper house, gave the announcement a cautious welcome but warned that the scope of the review was cause for concern.Baroness Bowles told IPE: “The reference to ‘safeguarding the UK’s leading business environment’ could be taken as preserving the light touch that has resulted in poor governance.“It is important that there is a public interest or common good remit for the FRC to counter those that are regulated and those that seek returns prevailing over employees and financial stability.”Baroness Bowles, a former chair of the European Parliament’s Economic Affairs Committee, has so far tabled 53 parliamentary questions on a range of issues dealing with the FRC’s public body status, governance and conflicts of interest.In addition, critics of the decision to appointment Sir John to head the review have raised questions over his independence to IPE.FRC board minutes dated 23 September 2013 indicated that he had previously praised the regulator’s work.The minutes read: “Mr Kingman noted that the FRC was regarded as a professional and balanced regulator and its functions were of significance to the economy.”In response to a question from IPE about the minutes, a spokesperson for BEIS said: “Sir John Kingman has a wealth of private and public sector experience. His appointment was made in line with Cabinet Office propriety and ethics standards.”last_img read more

Hampshire seeks managers for £660m multi-asset credit mandates

first_imgThe £6.6bn (€7.5bn) Hampshire Pension Fund is seeking three managers to run a new 10% allocation to multi-asset credit.The fund – part of the UK’s Local Government Pension Scheme (LGPS) – is looking to invest primarily in high-yield fixed income and floating-rate corporate debt of North American and European companies, including loans and bonds, according to a tender notice. Managers could invest on an opportunistic basis in other debt instruments, such as debt and equity tranches of collateralised loan obligations, mortgage-backed securities and other asset-backed securities, Hampshire said. This would be limited to 25% of the portfolio.Exposure to lower yielding investment grade credit will be a function of volatility management rather than for income generation, the pension fund said. The cathedral in Winchester, seat of Hampshire County CouncilThe local authority scheme said it would consider investing on either a segregated or pooled fund basis. Any pooled fund must have a minimum of monthly liquidity.Interested parties should manage at least £3bn in actively managed multi-asset credit mandates and, at a minimum, have a lead manager who has managed global multi-asset fixed income mandates for more than 10 years and have a track record of more than three years within the applying firm.Management fees including all other fees and expenses should be below 50 basis points a year.As at 31 March 2017 Hampshire had a 58% allocation to equities and a 27.5% allocation to fixed income. It is also invested in UK and European property (6.7%) and alternative investments (7.3%).The pension fund was valued at £6.6bn at the end of March this year.Hampshire is part of the ACCESS asset pool formed by 11 LGPS funds. In March the £41bn group appointed Link Fund Solutions to run its pooled assets. UBS was awarded a £11bn passive management mandate for ACCESS in October last year. All currency exposure is to be hedged back to sterling. Interest rate duration should be around two years.last_img read more

People moves: New research leadership at WTW; PRI founding exec leaves UBS

first_imgWillis Towers Watson – Luba Nikulina (pictured), the investment consultancy’s head of manager research, has been promoted to a new leadership role as head of research, effective next month. In her expanded role, Nikulina will oversee Willis Towers Watson’s three main internal investment research teams: manager research, operational due diligence, and asset research.Chris Redmond will take over from Nikulina as head of manager research. He joined the consultancy in 2004, and was most recently global head of credit and diversifying strategies.  The new board of ALFIThe Association of the Luxembourg Fund Industry (ALFI) – Corinne Lamesch has been elected chairperson of ALFI for a two-year period. She is currently country head for Luxembourg and head of legal for Europe at Fidelity International and has been a member of ALFI’s board of directors since 2017.Lamesch will chair ALFI’s newly elected 24-person board, which includes representatives from depositaries, law firms, consultants and asset managers.Invest Europe – Thierry Baudon has become chair of the European private equity and venture capital association, succeeding Nenad Marovac, managing partner and CEO of venture capital firm DN Capital. The appointment is for one year and is effective immediately. Baudon is the founder of Mid Europa Partners, a private equity group operating in central and eastern Europe. He was its executive chairman until the end of 2018.eVestment – The data and analytics firm has named Maria Simon as vice president of client success, responsible for eVestment’s operations in the Nordic region, Germany and Austria. She will be based in Copenhagen and will be responsible for leading regional business development, client relationship management and data collection efforts, the company said.Simon previously led global marketing for eVestment’s asset manager and investor segments and served as a project lead on eVestment’s ESG data collection and reporting project. She has previously worked for LocalTapiola Asset Management in Finland and Altfest Personal Wealth Management in the US.World Benchmarking Alliance – The WBA has appointed Paul Druckman as chair of its supervisory board, succeeding founding chair Wim Leereveld. Druckman holds a number of non-executive positions, including chair of the board of insurance broker The Clear Group, and chair of the advisory group on the Future of Corporate Reporting Project for the UK’s Financial Reporting Council.The WBA is currently developing benchmarks to “comprehensively assess the progress of 2,000 key companies” towards achieving the UN’s Sustainable Development Goals.Other board members include: Elizabeth Cousens, deputy CEO of the UN Foundation; Josien Piek, head of EMEA for GRESB; and Kirstine Cooper, group general counsel and company secretary for Aviva. Craig Baker, global CIO at Willis Towers Watson, said: “Luba has demonstrated an active commitment to developing the manager research team and is now in a position to enhance our entire research offering in this new role. Luba has been instrumental in evolving our research capabilities, in particular engaging with asset managers on topics of culture, diversity and sustainable investment, and will further strengthen the importance of this work going forward.”Columbia Threadneedle Investments – The €376bn asset manager has hired Nick Ring as its new chief executive for the Europe, Middle East and Africa region. He will also join the executive leadership team of Ameriprise Financial, of which Colombia Threadneedle is the global asset management group. Ring will take up the role on 23 September, returning to a company whose predecessor, Threadneedle Investments, he joined in 2008 before moving to Jupiter Asset Management in 2015 as global head of distribution. Ring replaces Michelle Scrimgeour, who left Columbia Threadneedle earlier this year to become chief executive of Legal & General Investment Management.UBS – James Gifford, founding executive director of the Principles for Responsible Investment (PRI), is leaving the Swiss bank, where he was head of impact investing in the chief investment office of its wealth management arm.Gifford was the PRI’s first executive director, taking it from inception in 2003 to an initiative backed by 1,200 signatories by the time he left in late 2013. Before joining UBS in 2017 he held a variety of roles, including senior fellow for the initiative for responsible investment at Harvard Kennedy School, and director of impact at private equity firm TAU. A spokesperson for UBS said James Purcell remained its global lead for sustainable and impact investing at UBS’s chief investment office, with Andrew Lee the lead for the Americas.Industriens Pension – Danish labour-market pension fund Industriens Pension has appointed Carsten Gjede as its new head of investment risk. He joins the fund from AP Pension where he has worked as chief risk officer and risk management director since 2007. He also previously worked for PensionDanmark and Danske Markets as chief analyst. Unilever – The Dutch general pension fund (APF) of Unilever has appointed Hedda Renooij as its new director as of 1 September. Renooij is currently secretary for pensions policy at employer organisations VNO-NCW and MKB-Nederland. She has been closely involved in the negotiations regarding the current pensions agreement.Renooij is also the employer chair of the pensions working group of the Labour Foundation, StAr. Prior to this, she was pensions expert at employer organisation AWVN.Renooij is to succeed Rob Kragten, who has been at the helm for nine years and has indicated he wants to continue his career as a pension fund trustee and supervisor. Unilever’s APF accommodates the company’s closed DB scheme Progress and its new DC pension fund Forward.PGB – Han Nooten has been named as new chairman of the supervisory board (RvT) of the €28bn Dutch multi-sector scheme PGB. He is to succeed Nico Meeuwisse. Nooten has been mayor of Dalfsen, a region in the north east of the Netherlands, as well as an executive board member of the Dutch Railways and senator for the labour party PvdA. He gained pensions expertise at insurer Achmea and as an RvT member at the €130bn asset manager and pensions provider MN.Pensioenfonds ING – Aldrik Venemans has left as general director and executive trustee of the administrative bureau of the €28.2bn pension fund. His tasks have been taken on by board member Peter van Meel on an interim basis. Van Meel has temporarily resigned as a non-executive trustee. Venemans has worked at the ING scheme for more than eight years.Royal London – The UK-based mutual insurance company has named Barry O’Dwyer as the successor to group chief executive Phil Loney, subject to regulatory approval. Previously head of Standard Life Aberdeen’s UK business, O’Dwyer is expected to take up his appointment in September. Loney will stand down at the end of June but will be available to the group for the rest of the calendar year. Nixdorf Kapital – Hans-Jürgen Dannheisig has been appointed chief executive of the fund initiator inspired by Germany’s ‘Mittelstand’ – the country’s small and medium-sized enterprises – and the values of the Nixdorf family company in particular. Dannheisig joined the executive board last year, working alongside Stefan Kassberger. Previously, Dannheisig was a founding partner at consultancy Kommalpha and managing director of BHW Invest. Bouwinvest – The property investor of the €61bn pension fund for the construction sector BpfBouw has appointed Jos Nijhuis and Jos de Lange as chairman and member, respectively, of its supervisory board (RvC). Last year, the previous RvC resigned en masse after a dispute with BpfBouw about the strategy and organisational setup of Bouwinvest.The property investor said it expected to name two additional members in the coming months. Nijhuis has been director of Schiphol Airport since 2009. Prior to this, he was chief executive of PwC Netherlands.Amundi – Europe’s largest asset manager has hired Gilles Dauphiné as head of euro alpha fixed income. He joins from AXA where he was global head of buy and maintain fixed income. He has worked in fixed income for AXA since 2014, and previously worked as a fund manager at AXA Investment Managers, which he joined in 2001.Nikko Asset Management – Rob Mann has been promoted to head of Asia ex-Japan equity, based out of Singapore. He takes over from Peter Sartori, who the company said will be leaving in September to pursue other interests. Mann has been at Nikko AM since 2013, having previously been at Treasury Asia Asset Management, an Asian equity boutique acquired by Nikko AM that year.center_img Willis Towers Watson, Columbia Threadneedle Investments, UBS, Industriens, Unilever, PGB, ING, Royal London, Nixdorf Kapital, Bouwinvest, Amundi, Nikko AM, ALFI, Invest Europe, eVestment, World Benchmarking Alliancelast_img read more

Comm Games blamed for Gold Coast property market slump

first_imgNerida Conisbee, chief economistA POST Commonwealth Games hangover is being blamed for a slump in the Gold Coast property market, with new figures revealing it is the only Queensland region to see demand’s Property Outlook report, released today, shows demand for houses and apartments has fallen 9.1 per cent in the past 12 months.The figure is based on the number of property views per listing over the past three months compared to the same period last year.RELATED: Extremes of Australia’s property market growth and decline revealed The report said the Coast appeared to be experiencing a “post Commonwealth Games hangover” as property demand was picking up in every other Queensland region.A Post Commonwealth Games hangover is being blamed for a slump in the Gold Coast property market,It’s not all doom and gloom though with the downturn predicted to be short-lived as there was high demand in some suburbs, particularly among Sydney-based property seekers.Chief economist at Nerida Conisbee said as the Gold Coast remained one of the most popular cities in the state, she could only attribute the drop to the Games.But she believed the region would bounce back quickly.“The Gold Coast was the only region to see a drop in demand but it does still remain a high demand region,” she said.“I think it will start to stabilise.”She said there were many risks on the horizon with the banking royal commission and mortgage rates going up but she didn’t think the Coast would follow in the footsteps of Sydney and Melbourne, which were fast declining.REIQ director John Newlands echoed Mrs Conisbee’s comments, agreeing the market had been quiet over the past few months.More from news02:37International architect Desmond Brooks selling luxury beach villa16 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoREIQ director John Newlands.“I certainly don’t expect that to continue though,” he said.He said population and industry growth meant the Coast had a strong future.However, Colin Banks and Associates director and auctioneer Colin Banks believed the drop was part of a natural property market cycle.Auctioneer Colin Banks.“I don’t think the Games have anything to do with it,” he said.“I think in general, it was just the timing, it’s cyclical.“April is my slowest month, it doesn’t matter if the market is booming or busting.”He attributed this to the fact that it was a period with multiple public holidays, including Easter, which was often when people decided to go away.He said it generally picked up in August.last_img read more

When the ‘cat’ won’t fit it’s time for a new house

first_imgThe Boseley’s ‘cat’, Samibella, at 13 Australia Court before the new pontoon was built. A lovely place to sit and watch life on the canals.“Everybody helps everybody else, there are no disputes.“I think the water keeps you very serene, it just makes everybody happy.”The couple have lived at Australia Court for 15 years. This could be your happy place.The two-level house is on a 702sq m block with a 20.9m canal frontage and its own private pontoon.The double brick house has a staircase and flooring made from Jarrah hardwood. CHECK OUT THE AUCTIONS PLANNED FOR BRISBANE THIS WEEKEND There is deep water access to Moreton Bay from this canal home.But Mrs Boseley is already missing canal living.“It’s addictive to live on a canal,’’ she said.“Because my ducks come in the morning and I feed them, and herons used to visit me daily.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“It’s beautiful watching the boats coming up and down the canal. “We had another canal home but the pontoon was too small for the boat,” Helen Boseley said.“We moved here, and it was perfect for this pontoon.”Helen and Brian Boseley are downsizing the boat and the house, moving to Brighton with a seven metre Steber fishing boat that fits on a trailer.Their four-bedroom canal home at 13 Australia Court, Newport with deep water access to Moreton Bay, is going to auction on November 10. The two main bedrooms have their own ensuites.“My bedroom looks straight down the canal and always has the sea breezes but I do like the kitchen with the big window overlooking the pool.” Eat, sleep, sail and repeat at this beautiful Newport address. Moor the cat and catch-up with friends in your own bistro-style outdoor area.The master bedroom has an ensuite and balcony access and there is a second bedroom with an ensuite. Canal breezes flow through every room.The open-plan living areas lead out to private decks and the canal. Now this is a pontoon fit for a cat that’s been around the world.The Boseley family upsized their canal home because their ‘cat’ needed more room.Now they have a Steber and are moving to Brighton.Samibella was the name of the 12 metre Prout Escale catamaran which had sailed the world before coming to the Newport canals.last_img read more

Cornubia property with 360 degree views is up for sale

first_imgThere are incredible views from the bedroom.Out on one of the home’s many balconies is Mr Clunies-Ross’ favourite space.“My favourite balcony is off the dining room,” he said.“It looks all over Logan, and you can see all the mountain ranges down to New South Wales.“I go out there for a drink and cigar at night (and) it gets the most beautiful sunsets.”He said the house was perfect for a large family, such as his own.“It’s got a really beautiful pool. It also has got a children’s play area at the back, with a cubby house, and a reasonable sized lawn.” The house at 11 Torrelliana Court, Cornubia, is for sale.THE views and the architecture of this Cornubia property is what drew Chris Clunies-Ross in about 14 years ago.Mr Clunies-Ross said the four-level property was the highest peak in about 25km, which afforded them views spanning 360 degrees. The spiral staircase is an interesting piece of architecture.“At the back it is state forest, leading through to Stradbroke, and at the front, looking toward the city, it’s all lit up like a Christmas tree at night,” Mr Clunies-Ross said.The home, which is at 11 Torrelliana Court, has a unique style of architecture, with curved edges and windows, and had a floorplan that appealed to Mr Clunies-Ross“It has got a spiral staircase with an atrium at the top, which I really like,” he said.“It’s got lots of different and private areas.”More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The curved architecture continues in the kitchen.Mr Clunies-Ross and his wife Katrina have found the residence the perfect place to raise four children.“Two of our kids were born while we lived at the house, so it was special bringing them home and watching them grow up there,” Mr Clunies-Ross said.“But we own an apartment in Kangaroo Point… and since our eldest daughter has moved to China we are downsizing.”center_img The lounge room at 11 Torrelliana Court, Cornubia.last_img read more