People moves: PGGM hires responsible investment chief

first_imgGreenwood said: “Kieran will be a hard act to follow, but like him I firmly believe our approach will enable us to ensure we remain the most cost-effective and efficient pool in the local government pension scheme, underpinned by a simple but effective democratic governance structure. This will ensure the Northern Pool maintains the good investment returns and low costs that have resulted in low contribution rates for the benefit of taxpayers.”  VBV Group – Andreas Zakostelsky is to become the chief executive of the €9.4bn Austrian group’s provident fund from October, replacing the retiring Heinz Behacker, who has also been the chief financial officer of VBV Holding.At the €3.3bn VBV Vorsorgekasse Zakostelsky will be joined by Michaela Attermeyer, who has been head of department at VBV’s pension fund. Martin Vöros is staying on as a member of the Vorsorgekasse’s board, and has been appointed the successor of Behacker as CFO on the holding company board. Zakostelsky has been VBV group chief executive since 2016, when he replaced Karl Timmel. Behacker has led the VBV group since it began operating in 2003. Pensioenfonds Notariaat – Nienke Bijlholt has been named as trustee of the €2.8bn pension fund for legal notaries and their staff. Bijlholt, a junior notary at VBC Notarissen, is currently chair of the Pensioenkamer, the fund’s sponsor that is responsible for its pension arrangements. She succeeds Marinus de Waal, who represented notaries’ employees on the board.BMO Global Asset Management – Bart Kuijpers has been appointed as managing director and head of fiduciary management for the Netherlands at BMO Global Asset Management as of 1 April.Kuijpers was previously CEO of IPP-SE, a joint venture between Swiss Re and Credit Suisse which had established the low-cost defined contribution (DC) vehicle i-PensionSolutions. Prior to this, Kuijpers was managing director at Credit Suisse. At BMO he succeeds Ernst Hagen, who is to fully focus on a small group of strategic clients at the company.Smart Pension – Darren Philp, currently director of policy and market engagement at multi-employer DC provider The People’s Pension, is joining Smart Pensions as head of policy in September.A well-known figure in the UK pensions industry, Philp was director of policy at the UK pension fund association before joining B&CE, the provider of The People’s Pension auto-enrolment scheme, in October 2013. Philp also worked at the UK treasury department for almost 13 years.Man Group – The listed asset manager has appointed Simon Finch to the newly created role of CIO for credit at Man GLG, its discretionary investment management arm. He will join Man Group’s executive committee and Man GLG’s management team. He was previously CIO at fixed income specialist CQS where he had worked since 2004.Altis – The fiduciary management subsidiary of NN Investment Partners has added three portfolio managers to its alternatives research team. Robbert Staal, senior portfolio manager for real estate, joined at the beginning of March. He previously worked at Blue Sky Group, CBRE and ING Real Estate and is experienced in listed and non-listed real estate.Menno Meekel, senior portfolio manager for fixed income, will join effective 1 April. He previously worked at Rabobank and IRIS and has extensive experience in fixed income, manager selection and monitoring. Arjan van der Loo will join as senior portfolio manager for alternatives on 1 May. He previously worked at MN, Morgan Stanley and KPMG.AFM – The Dutch cabinet has reappointed Merel van Vroonhoven for a second four-year term as executive chair of communication watchdog Authority Financial Markets (AFM). The supervisor’s executive board still has a vacancy after the departure of Femke de Vries, who left at year-end. The AFM is also seeking an additional fourth board member, which it said was necessary because of the increasing digital and international aspects of the financial sector.Hymans Robertson – The UK consultancy has named Alistair Russell-Smith as head of corporate defined benefit practice. He has worked at the firm since 2000 and was made a partner four years ago. He primarily advises corporate and charity clients on funding and investment strategies, benefits strategy and member options, and de-risking.Inflection Point Capital Management (IPCM) – At the end of June Matthew Kiernan will retire as chief executive of the sustainability-oriented investment research boutique that he launched with La Française in 2013. Groupe La Française this week announced it would acquire full ownership of IPCM and rebrand it Inflection Point by La Française. Kiernan will stay on as a non-executive board member. Roland Rott, who has been responsible for ESG integration and responsible investment research since July 2016, will become managing director of the new entity.State Street Global Advisors (SSGA) – The investment manager has hired Kathleen Gallagher as head of ETF model portfolios for the EMEA and Asia Pacific regions. Before joining SSGA, Gallagher was at BlackRock where she was most recently head of investment strategy in the iShares solutions team.  Sackers – The pensions law firm has appointed Paige Willis as associate in its alternative funding and contingent asset practice. Willis was previously at Ashurst, where she worked in the securities and derivatives team since qualifying in March 2017. LawDeb Pension Trustees – Edward Levy has joined the firm as a new trustee director, having previously been group strategic projects director at Aviva. Before that he worked at Abbey National plc and Lloyds TSB Group. PGGM, Northern Pool, VBV, Notariaat, BMO GAM, Smart Pension, Man Group, Altis, AFM, Hymans Robertson, Inflection Point, SSGA, Sackers, LawDebPGGM – The €206bn Dutch asset manager has appointed Hans op ‘t Veld as head of responsible investment, to start on 1 May. Currently, Op ‘t Veld is head of listed real estate at PGGM as well as manager of its €11bn listed property fund.He has been working at PGGM since 2007. Prior to this, he worked at MSCI and Kempen. Op ‘t Veld succeeds Marcel Jeucken, who left in November to start a self-employed career. His role was temporarily filled by Frank Roeters van Lennep, CIO of private markets.Northern Pool/LGPS – Ian Greenwood has been named chair of the Northern Pool, a £42bn investment collaboration between the Greater Manchester, Merseyside, and West Yorkshire local government pension funds. Greenwood is deputy chair of the West Yorkshire fund and also of the Local Authority Pension Fund Forum. He succeeds Kieran Quinn, who died in December.last_img read more

Media Coverage of Child Poverty Report

first_imgFamily First blames child poverty on divorce and single parentsNZ Herald 30 May 2016Parental breakups, not unemployment, are given in a new report as the prime cause of New Zealand’s high rate of child poverty.The report, published today by the Family First lobby group, says the near-trebling of sole parents from 10 per cent of families with dependent children in 1976 to 28 per cent of families in the last two censuses is “the elephant in the room” in the child poverty debate.Child poverty has tracked sole parenting almost exactly. Children in homes earning below 60 per cent of the median household income rose from 14 per cent in 1982 to 30 per cent in 2001, then declined to 22 per cent by 2007, although they have risen again recently.“The correlation between sole parent and child poverty rates is stronger than between unemployment and child poverty rates,” says the report, by welfare commentator Lindsay Mitchell.“Unemployment, low wages, high housing costs and insufficient social security benefits are consistently blamed for child poverty, yet a major culprit (if not the major culprit) is family malformation, that is, a lack of two married committed parents.”However, Dr Susan St John of the Child Poverty Action Group said the report ignored the fact that marriage was not always good for women or their children.“Intimate partner violence is not mentioned, nor the high rate of incarceration, especially of Maori males,” she said. “The policy implications of this report, to reduce the safety net yet further and stigmatise the unwed, are extremely dangerous.”READ MORE: group Family First blames unmarried couples for child povertyStuff 30 May 2016An unmarried couple with children is more likely to be struggling in poverty, a conservative lobby group claims.The claim comes from a new report by researcher and artist Lindsay Mitchell, who said there was “overwhelming and incontrovertible” evidence that a drop in marriage rates was one of the main drivers of an increase in child poverty.The glossy report, funded by conservative Christian lobby group Family First, looked at household income and family structures from the 1960s to the current day.It states that with people having fewer children than in the past and people delaying birth until they were older, families should be better off financially, but that was not the case.“Despite marriage being the best protector against child poverty it has become politically unfashionable – some argue insensitive – to express such a view.“But if there is to be any political will to solve child poverty the issue has to be confronted.”“What my paper attempts to do is to say ‘we’ve got the evidence’, the poor people in New Zealand live in sole parent families, de facto couples form an interim group and married people have the highest incomes.“Child poverty has become a really big issue and everyone is concerned about it…but we don’t hear anyone talking about the change in family structure.”Family First national director Bob McCoskrie described the link between a drop in marriage and rise in child poverty as the “elephant in the room”.“People would like to believe that there isn’t [a link] but unfortunately. the research shows de facto or cohabiting relationships are less stable.”He wanted to see couples putting more thought into whether they were committed to a child before deciding to have one outside marriage, he said.READ MORE: couples causing child poverty – lobby groupNewsHub 30 May 2016Unmarried parents are one of the main causes of child poverty, a new report by a conservative lobby group claims.The Family First-funded report by researcher Lindsay Mitchell on the causes of child poverty argues that the ‘elephant in the room’ in the debate is family structure.“The best protector against child poverty is two married parents,” Mitchell told Newshub.“That’s what the evidence is telling us. It’s not just New Zealand, it’s in other developed English speaking countries: Australia, the US.”READ MORE:—lobby-group-2016053006#axzz4A4dbxoK6Family First child poverty report questioned by expertsNewsTalk ZB 30 May 2016A social policy advisor is questioning a report which says marriage breakups are a significant cause of child poverty.The Child Poverty and Family Structure report was released today by conservative lobby group Family First.The report says de-facto relationships become less stable over time, and are up to six times more likely to separate by the time a child turns five compared to a married couple.The Family First report found 51 percent of children in poverty live in single parent families, but just 28 percent of families have single parents.Mitchell said the figures make for sobering reading.“Sole parent families are unfortunately the poorest families in New Zealand, so obviously the more sole parent families the country has, the higher the rate of child poverty will be.”READ MORE: lobby misreading poverty dataWaatea News 30 May 2016The Greens’ Maori spokesperson Marama Davidson is dismissing as nonsense a Family First report claiming marriage break-ups rather than unemployment of low wages is the cause of child poverty.The latest report by social policy blogger Lindsay Mitchell says the correlation between rates of sole parenting and child poverty over the past 40 years is stronger than the correlation between unemployment and child poverty.She blames greater acceptance of couples living together outside formal marriage, with just one in five Maori births to legally married parents.Mrs Davidson says Family First is cherry-picking the data to bolster its argument.“Why did we have a sudden rise in poverty when we started to see neuro-liberal policies come in I think in the eighties and we’ve had a massive increase in poverty and child poverty since then, was it because all of a sudden overnight, parents just got lazier and lazier? No I don’t think so”, says Marama.Marama Davidson says child poverty includes working families who are living in their cars or squashed up in garages and last week’s Budget failed to offer any solutions for those whanau. read more

Toure eyes Chelsea goal record

first_img City’s biggest ever win over Spurs means they have now scored an incredible 24 times in six home league fixtures this season. Their overall tally stands at 34, which has them on track to eclipse Chelsea’s total from their 2009-10 title-winning campaign. Press Association “I hope so,” said Toure, when asked about emulating Chelsea’s massive total. “We have the strikers. The two guys up front are unbelievable.” Indeed, they are the best in the business according to Jesus Navas, who kick started his season with a two-goal haul against Spurs, including a 14-second opener. “I think they are the best in the league,” said Navas. “They are scoring very easily at the moment. The Premier League suits their style. “Aguero is in really good shape. We all know about his capabilities. “And I am not surprised about Negredo because I already knew how good he was. “He has always loved contact with defenders so this is the perfect league for him.” For his part, Toure was keen to point out City are not a two-man team, with Edin Dzeko and Stevan Jovetic both eager to play a part too. Having played a central role in the Blues’ first title since 1968 when they won the championship in such thrilling style with virtually the last kick of the 2011-12 season, Toure knows hammering teams on home soil alone will not be enough to get the job done. No side has won the Premier League after losing four of their opening 11 games but City are now favourites to do exactly that. However, the Ivorian accepts an improvement in that abysmal away form must come quickly. “At the moment it is quite difficult but we will try to find a way,” he said. “At home we are very prolific. Away is more difficult. “Either the referee is not fine or the fans or the opponent try to make it hard. “That is part of football. That is the Premier League. That is why it is the best league in the world. “We are trying to find a good balance because we have to come back. It is very important to start winning away from home.” The situation might not look quite so strange if City had lost to teams at the forefront of the battle for honours. Other than Chelsea, that has not been the case, with Cardiff, Aston Villa and Sunderland not occupying places in the top half of the table. “It is not just the big teams who are the problem. It is the normal teams,” said Toure. “It is always difficult away. “But we know if we are to win the title again we have to win our away games. That is what the manager is working on.” Not bad for a team that has recorded just one victory on their travels this term and were beaten at rock-bottom Sunderland a fortnight ago. It was that shock defeat at the Stadium of Light that triggered those words of wisdom from Pellegrini. “The manager’s speech before the game was unbelievable,” said Toure. “It is always difficult when you lose a game like we did at Sunderland. It is hard for the players. “Football is so strange. “But we have come together as a team because we want to regain the Premier League.” Goals will not be a problem as long as Sergio Aguero maintains his present form. The Argentina star is top of the scoring charts with 10, having bagged another brace at the Etihad Stadium, whilst strike partner Alvaro Negredo is not far behind on six, adding another to his tally after being the major influence on Sandro’s own goal. Yaya Toure is targeting Chelsea’s record Premier League goals haul of 103 after revealing Manchester City’s 6-0 thrashing of Tottenham on Sunday was inspired by manager Manuel Pellegrini’s pre-match team talk.last_img read more

Syracuse distance runners have solid meets in Iowa, Ohio

first_imgThe Syracuse track and field team completed competition in Ames, Iowa, and Geneva, Ohio, for the Iowa State Classic and Spire Institute Invitational this past weekend. Only distance runners were able to compete in the two meets — sprinters, hurdlers and jumpers did not make the trip. The weekend was highlighted by two more school records being set, one at each venue.At the Iowa State Classic, redshirt senior Sarah Pagano broke the women’s 5,000-meter run with a time of 16:09.29, beating the previous record by a little over eight seconds.Pagano finished in fifth place in the race, six seconds away from placing.AdvertisementThis is placeholder textFreshman Sydney Leiher smashed the previous 1,000-meter run record of 2:48.85 by a full minute at the Spire Institute Invitational.A third school record was almost broken, but redshirt senior Robert Molke came up just four seconds short in the 5,000-meter run. However, his time of 14:00.77 smashed his previous personal best by nearly 40 seconds.Sophomore MJ Erb and freshman Kevyn Hoyos also ran the 5,000-meter run in Ohio, finishing with times of 14:26.99 and 14:29.84, respectably. Freshmen Joel Hubbard and Colin Bennie, and junior Ryan Urie, all competed in the mile-run.Hubbard fell just a second shy of his personal best, and five seconds of the school record, finishing with a time of 4:05.27. Urie ran a 4:10.01, and Bennie finished close behind with a time of 4:11.02.At the Spire Institute Invitational, the all-freshman men’s distance medley relay, consisting of Bennie, Shawn Wilson, Nick Ryan and Paul Lovell finished with a respectable time of 10:05.52. Syracuse will travel to Ithaca for the Cornell Deneault Invitational on Saturday at 11 a.m. compiled by Ari Gilberg, staff writer, Comments Facebook Twitter Google+ Published on February 17, 2014 at 3:13 amlast_img read more

Syracuse advances to quarterfinals of ACC tournament with 83-64 victory over North Carolina

first_imgAlexis Peterson’s 29 points led sixth-seeded Syracuse (21-9, 11-5 Atlantic Coast) to an 83-64 victory over North Carolina Thursday night at the HTC Center in Conway, South Carolina. With the ACC Tournament second round win, the Orange will advance to face third-seeded Duke on Friday at 8 p.m.Eleven 3-pointers, 32 points in the paint and 27 points off turnovers helped Syracuse spring out to a 30-23 lead. By the end of the third quarter, SU commanded a 25-point advantage. The Orange’s 32 second-chance points is its highest total since Dec. 4 against Central Connecticut State, a 21-game span.“We had to rebound the ball,” SU head coach Quentin Hillsman said. “We really did a good job of crashing the boards and getting opportunities, second-chance opportunities and we were really aggressive.”Peterson, who was named this week the ACC Player of the Year, added six assists and grabbed seven rebounds. Redshirt senior guard Brittney Sykes scored 16 points and had 12 rebounds while senior center Briana Day scored 11 points and had a game-high 15 boards. Senior forward Isabella Slim scored nine points on 3-of-7 from the floor, the most she has scored since Jan. 8.Tip between the Orange and Blue Devils is set for Friday at 8 p.m. On Feb. 10, then-No. 14 Blue Devils handed Syracuse a 72-55 loss in Durham. In that meeting, Peterson and Sykes were held to a combined 30 points. SU committed 15 turnovers, shot only 25.4 percent from the field and got out-rebounded by nine. Duke’s 44 paint points were the most SU has allowed since December 2015.AdvertisementThis is placeholder text“They attacked us in transition and when you don’t score, you can’t press, and that was big for us because we didn’t make enough shots,” Hillsman said. “We couldn’t get into our pressure. Hopefully we can get some shots to go in early and be able to press them.” Comments Facebook Twitter Google+ Published on March 2, 2017 at 11:37 pm Contact Matthew: | @MatthewGut21last_img read more