JPMorgan has announced it has been awarded the transition management mandate for Doctors Pension Funds in the Netherlands. Following a review, the €11.7bn pension fund is shifting from internal to external fund management. The funds consists of Stichting Pensioenfonds voor Huisartsen, a scheme for general practitioners, and Stichting Pensioenfonds Medische Specialisten, a scheme for medical specialists. The assets in the two funds will be managed by 30 external fund managers. As part of the restructuring, €9bn in government bonds has already been transitioned.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.