KBC Pensioenfonds splits managing director, CIO roles

first_imgVanbriel told IPE that the pension fund has about €2bn of assets across three schemes. No fundamental changes to its investment policy are planned for the time being. As CIO he will take on responsibility for the fund’s liabilities over the coming year. Termote was previously legal adviser and compliance officer at the pension fund, but took on more responsibility last year. He reports to Hans Verstraete, who heads the board of directors.Vanbriel joined the pension fund from KBC Asset Management, where he had a lengthy career. Most recently he was head of structured and money market funds from October 2013.Before that he was CEO, KBC Fund Management, and before that head of institutional business development. He was chief actuary at KBC Asset Management from 1995-2003. Brussels-based KBC Pensioenfonds has created a dedicated chief investment officer role with its managing director role now solely focussed on governance. Kurt Termote has been appointed managing director, with final responsibility for governance of the pension fund. Luc Vanbriel (pictured) has been appointed to the new role of chief investment officer, reporting to Termote.The reorganisation was implemented in connection with the retirement of managing director Edwin Meysmans earlier this month. He headed the Belgium pension fund for the KBC banking and insurance group for 20 years where his responsibilities included overseeing investments and governance of the pension fund.last_img read more

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​Finland readies solvency safety net to avoid fire sales at pension firms

first_imgWith falling asset prices hitting solvency ratios at providers in Finland’s first-pillar earnings-related pension system, the country’s Ministry of Social Affairs and Health has prepared a bill on the temporary strengthening of pension insurers’ solvency.The idea is that the proposal can be submitted to parliament immediately if average solvency plummets – preventing pension insurance companies from forced sales of equities at depressed prices.The proposal was drawn up on 27 April, the ministry announced.“The proposal will be issued only if the average solvency of institutions for occupational retirement provision decreases substantially due to the deterioration of the financial market situation,” it said. The proposal was put together in co-operation with the central labour market organisations, the Finnish Financial Supervisory Authority (FIN-FSA) and the Finnish Centre for Pensions, the ministry said.Work on the draft followed a report from FIN-FSA on 13 March, that the average solvency of pension institutions was at a moderate level, but threatened to decline if financial market developments continued in that direction, it said.“However, after mid-March, the situation calmed down and the average solvency of pension institutions has remained at a reasonably good level,” the ministry said.Hanna Mäkinen, mathematician at Finnish pensions alliance TELA, commented that although the tumult on global stock markets seemed to have calmed, future prospects were still very uncertain.“That is why it is good to prepare for a very fast-changing situation by preparing a temporary law now,” she said.“In this way, it will be implemented quickly if necessary, if the situation in the financial markets changes significantly so that the average solvency of employment pension insurers decreases substantially from the current level,” Mäkinen said.It was important for their operations that pension insurance companies were able to assess when any legislation would come into force, she said, adding: “For this reason, it is good that the Financial Supervision Authority is publishing information on the average solvency of employment pension insurers more frequently than usual.”TELA, whose members include pension insurance companies and pension funds, said the precautionary bill included three different measures that could be used to strengthen the solvency capital of occupational pension insurers, which would make it possible for the providers to avoid having to sell their investment assets to a significant extent in an unfavourable market situation.“In this way, pension assets’ good long-term return potential would be supported, as well as the financial stability and sustainability of the pension system,” Mäkinen said.The solvency regulation applies to Finland’s private-sector employment pension insurers including pension insurance companies and pension funds, TELA said.Solvency capital at the country’s two largest pension insurance companies, Ilmarinen and Varma, were shown to have fallen by 25% and 30% respectively when the firms reported first quarter results last week, but both firms said ratios remained well above minimum requirements.To read the digital edition of IPE’s latest magazine click here.last_img read more

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Nissen Kaiun Orders Ten Panamax Bulkers

first_imgJapanese marine transportation company Nissen Kaiun has placed an order for ten 82,000 DWT bulk carriers at compatriot shipyards, shipbroking firms indicate.Under the deal valued at USD 270 million, Tsuneishi Zosen Shipbuilding has been hired for the construction of five vessels, while Imabari Shipbuilding has been entrusted with building the remaining five ships.The Panamax newbuildings are slated for completion and delivery by 2020.The latest order has pushed the company’s newbuilding count to 29 ships, which includes six Aframax tankers also being constructed by Tsuneishi Zosen, eight MR2 tankers being built by Japan Marine United, two VLCCs at Mitsui Ichihara, one VLGC LPG and one Panamax bulker at Mitsubishi Heavy Industries and Tsuneishi Cebu respectively and a Handy bulk carrier being built by Shikoku Dockyard.Majority of the ships are slated for delivery in 2018, with the rest being delivered throughout 2019 and 2020.World Maritime News Stafflast_img read more

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Dominica’s youth embraces good governance and democracy at Caribbean summit

first_img Sharing is caring! Share Share Tweet Sharecenter_img Photo credit: Reinet.netGood Governance and Democracy for the Caribbean region are among matters discussed as the Caribbean Youth Leadership Summit which has just ended in Barbados.President of the National Youth Council Delroy Williams said the summit also discussed the setting up of a commonwealth Caribbean youth council.Williams returned stateside on Friday following the week long summit.“We had a number of youth leaders from across the Caribbean and we looked at strengthening of the regional youth network,” Williams said.Strengthening of the regional youth network and the need for greater networking among young persons were also discussed.Williams said a number of key activities will be held in the coming months to build capacity among the youth councils in the region. Meantime a formal communiqué will be disseminated to the heads of state for raising awareness of youth development programs around the Caribbean.“We are also looking forward to presenting to them a regional constitution for the development of a youth council. That’s one of the ways we see that we can strengthen young person’s contribution towards national development,” he added.Dominica Vibes News LocalNews Dominica’s youth embraces good governance and democracy at Caribbean summit by: – April 5, 2011 22 Views   no discussionslast_img read more

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AT&T expands 4G LTE service in Decatur County

first_imgGREENSBURG, Ind. – AT&T has expanded its 4G LTE network to Greensburg.Customers will get the latest generation of wireless network technology, the company said.AT&T launched 4G LTE in Columbus in June 2013, and this expanded coverage is part of its ongoing rollout across the area.In addition, AT&T added a new layer of frequency, also known as a “carrier,” to the Greensburg cell site to more efficiently manage available spectrum and increase mobile Internet capacity.“We continue to see demand for mobile Internet skyrocket, and our 4G LTE network in Greensburg responds to what customers want from their mobile experience – more, fast speeds, reliability, on the best devices,” said Bill Soards, president of AT&T Indiana.last_img

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Eleanor R. Whiteman

first_imgEleanor R. Whiteman, of Aurora, Indiana, passed away Friday, June 23, 2017 in Lawrenceburg, Indiana.She was born February 16, 1927 in Dearborn County, IN, daughter of the late Clarence and Nellie (Robins) Grenat.Eleanor enjoyed gardening and sewing. Time with her family was her greatest joy and she will be greatly missed.Surviving are sons, Arthur “Art” G. Wilson of Aurora, IN, Kenneth Whiteman of Aurora, IN; grandchildren, Lindsey Whiteman and Taylor Whiteman.She was preceded in death by her parents, Clarence and Nellie Grenat, husband, Charles Whiteman, siblings, Les Grenat, Donald Grenat and Virginia Schoonover.Friends will be received Tuesday, June 27, 2017, 5:00 pm – 7:00 pm at the Rullman Hunger Funeral Home, 219 Mechanic Street, Aurora, Indiana.Services will be held at the Funeral Home, Wednesday at 1:00 pm with Brother Kenny Hopper oficiating.Interment will follow in the Hogan Hill Cemetery, Aurora, Indiana.Contributions may be made to Susan G. Komen (Breast Cancer). If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.comlast_img read more

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Basketball Alumni Golf

first_imgToday is the basketball alumni golf tournament at North Branch.  I hope to see many of you there.  Since I can’t play golf, I will be working the putting contest.  This event is held every summer of the Friday of Fruedenfest.  Other schools in the area have similar events, so keep track of the local schedule for these events as well.Since I mentioned the Fruedenfest, for those of you who like road racers, the Fruedenfest offers a Lauf. It is normally held on Saturday.  Check the Fruedenfest schedule for  the exact time of this event.  For the high school runners, they only have a couple of weeks left before their fall season begins.  This is a chance for the high school runners to enjoy a road race before their official seasons begin.last_img

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St. John’s seeks revenge on Marquette

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditMarquette (18-11, 8-9) vs. St. John’s (15-15, 4-13)Carnesecca Arena, Jamaica, New York; Saturday, 12 p.m. ESTBOTTOM LINE: Marquette goes for the season sweep over St. John’s after winning the previous matchup in Milwaukee. The teams last played each other on Jan. 21, when the Golden Eagles outshot St. John’s from the field 43.1 percent to 36.6 percent and made 20 more free throws en route to a 14-point victory. ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Associated Press SUPER SENIORS: Marquette has relied heavily on its seniors. Markus Howard, Sacar Anim, Koby McEwen and Brendan Bailey have combined to account for 73 percent of the team’s scoring this year and 101 percent of all Golden Eagles points over the team’s last five games.CREATING OFFENSE: Howard has either made or assisted on 52 percent of all Marquette field goals over the last three games. The senior guard has accounted for 30 field goals and 14 assists in those games.SIGNIFICANCE OF 68: St. John’s is 0-11 when its offense scores 68 points or fewer. Marquette is a perfect 12-0 when it holds opponents to 68 or fewer points.STREAK STATS: Marquette has lost its last three road games, scoring 70.3 points, while allowing 75 per game.DID YOU KNOW: The Marquette offense has scored 77.5 points per game this season, ranking the Golden Eagles 30th among Division I teams. The St. John’s defense has allowed 71.4 points per game to opponents (ranked 206th overall).center_img March 5, 2020 St. John’s seeks revenge on Marquettelast_img read more

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Hortons keep it all in the family

first_imgEven from a hundred yards out, nobody could mistake Wes and Shane Horton for anything except brothers.Wes, the younger defensive end, might stand four inches taller than his slightly more human-sized linebacker older sibling, but both brothers wear the same curly hair and bright smile.Brotherly love · Defensive end Wes Horton (96) is at ease knowing he has his older brother Shane on his team, and sometimes in the same huddle. – Dieuwertje Kast | Daily TrojanLooking beyond their physical similarities — and differences — Shane and Wes Horton act just like brothers. Separated by a mere 18 months, the siblings even sound similar. Both pepper their speech with “you know,” and, more tellingly, repeatedly refer to their time together as Trojans as a blessing.“It’s stuff you dream about,” Shane, a redshirt sophomore, said. “Being able to play under Coach Carroll, being able to play at home and also being able to play with my brother. I’m living the dream. And I cherish every moment.”While redshirt freshman Wes has been a regular starter this season, USC’s game against California two weekends ago marked Shane’s opportunity to join his brother in the starting lineup, a chance that arose out of the injury to linebacker Malcolm Smith.For the two siblings out of Chatsworth, Calif., it was their first chance to start together since their playing days at Notre Dame High School.“Back in high school, we started together basically every game,” Wes said. “It was very exciting and not everyone gets that opportunity.”However, the start in Memorial Stadium was actually not their first time on the field together as Trojans. Shane fondly recalled the Washington State game, their first time playing together since 2007. Shane smiled as he remembered that both brothers were so lost in the game that finding each other in the huddle came as a mild shock.“I remember we were huddled up in a TV timeout and Coach was talking to us and I was tapping Wes, saying, ‘Wes! Wes!’ and he had barely even noticed I was out there and he looked back and said, ‘This is it!’” Shane said.Except for some hard work and a fortunate transfer, such a wonderful moment might never have come to pass. Shane, who graduated high school in 2006, chose to attend the University of Nevada, Las Vegas, where he had a stellar freshman season at starting linebacker.Separated on and off the football field for the first time since birth, Shane and Wes faced some difficult choices as the younger brother approached his own high school graduation.“It definitely sucked,” Wes said, bluntly. “I was leaning towards UNLV in the beginning, but things didn’t really work out. Obviously, when he came to USC, it was just a blessing to have him here.”Fortunately, Shane transferred from UNLV, and after an NCAA-mandated year off, the siblings were finally able to play together again.Though they play different positions on defense, Shane and Wes found important little moments of symmetry and teamwork between them during the Cal game.“We go to the same side every time just based on our positions, so there’s a few plays where I got to tap him on the butt and tell him to go left, tell him to go right,” Shane explained. “So it’s cool, I give him a little tap, and he knows it’s me every time.”Although senior defensive captain Taylor Mays said he didn’t necessarily see any signs of “brotherly love” on the field, he praised the way both brothers have prepared individually and together.“Both of them are stepping up, stepping in,” Mays said. “They’re mature and they’re dedicated, and it is important to them to play well. It’s important to them to do well for the guys around them.”Defensive coordinator Rocky Seto praised Shane’s performance in his first start against Cal, also remarking that the brothers’ start together might have been the first of its kind at USC since Mike and Marlin McKeever played together in the early ’60s.“We felt really pleased the way he performed and executed. He had a big hit, and I thought it was pretty neat that both were out there,” Seto said.Coach Pete Carroll echoed Seto’s praise for the performances of Shane and Wes against the Golden Bears, and also commented on the rarity of their opportunity.“That was really cool. We were supposed to take a picture of the three of us but never got that done — blew it off at the end,” Carroll joked. “Those guys are really well-liked around here because of their work ethic and the way they handle themselves, and the guys were rooting for them.”Despite his strong performance against Cal, Shane was unable to win the starting spot from a healthy Smith against Notre Dame last weekend. True to Mays’ assessment of his selflessness, the older Horton showed little concern for the decision.“The only thing I can do is come out here and bust my tail every play,” Shane said. “We’ve got two other guys who are really good and can fill in that spot. So it’s also good — it’s going to make us better — that we’re all competing against each other.”Rather than gripe about the starting lineup, both Shane and Wes, who remains a starting defensive end, seem content to play their positions and improve to the best of their abilities. And, after that long separation, the brothers mostly just seem happy to be together again as Trojans.“That’s why I came back over here, just to be with him,” Shane said. “It felt like something was missing, you know, we’re attached at the hip. That’s my best friend. I love that guy and it’s going to be hard being away from him. So we’re going to stay together as long as we can.”And even though the brothers said they rarely argue over their performances on the field, sometimes a little competition off the field is inevitable.“I would say the only time we do argue and bicker is in video games,” Shane said, laughing. “We won’t fight over food, we won’t fight over anything else — but video games, I guess it just comes down to competition.”last_img read more

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Los Angeles Lakers enter 2014-15 season with health concerns

first_img“You just got to read each situation, read each situation as it comes, each game is going to be different,” Bryant said. “I’m sure there will be games where I have to do more and games where I have to do less.”Bryant stressed more about the Lakers’ defense, which ranked 27th out of 30 NBA teams in points allowed (104.2 points). But in the last two preseason games, the Lakers held teams to an average of 89 points.“I’m very happy with the way the preseason went because I thought each game we got better,” Scott said. “We’re understanding what we need to do and we’ll keep working at it.” The Lakers fielded eight players that missed a combined 34 preseason games, sparking back memories of last season’s nightmare that entailed 12 players sitting out for a combined 319 contests because of injuries. In related news, the Lakers finished with a 27-55 record that marked their worst season in L.A. franchise history. The Lakers declared 40-year-old point guard Steve Nash out for the season after having prolonged pain in his back that kept limited him only to a combined 65 games the past two years. Nick Young (right thumb), Xavier Henry (right knee) and Ryan Kelly (right hamstring) sat for all of the preseason. The Lakers are also evaluating injuries to veteran point guard Ronnie Price (right knee) and training camp invitee Wayne Ellington (concussion) that happened in the preseason finale against Sacramento on Friday in Las Vegas. The injuries could complicate how the Lakers manage their roster, which was dwindled to 15 on Saturday after waiving training camp invitees Jabari Brown and Roscoe Smith. The Lakers may keep Ellington since he would receive a full salary if he were cut while being injured. Price also will likely stay, especially with Nash’s absence. But the Lakers would need to create a roster vacancy should they use the disabled players exception, which would allow them either to sign a free agent or trade for a player for $4.85 million.At least nothing has happened to Bryant, who played in only six games last season because of injuries to his left Achilles tendon and left knee. He averaged 19 points on 38.47 percent shooting and four assists in 26.7 minutes.How much of the workload will Bryant have to carry? Through eight exhibition games and four starting lineup combinations, a few themes regarding the Lakers’ 2014 preseason emerged.Kobe Bryant looked sharp with both his health and post play. Most of the Lakers’ remaining roster struggled staying healthy. Rookie Julius Randle appeared promising. Guard Jeremy Lin seemed exciting. Uncertainty persists on whether the “steady improvement” Coach Byron Scott noted the Lakers made on defense will become a trend.So with the Lakers ending a 3-5 exhibition season, what marks the primary concern heading into their season opener on Tuesday against the Houston Rockets at Staples Center?“Injuries, that’s the main concern,” Scott said. “Hopefully most of our guys are healthy by Tuesday.” center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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