People
IBM'S HEAD OF PENSIONS RETIRES.
Jay Vivian, managing director of IBM's retirement funds has retired from the position he has held since 1999. Prior to this he was director of global fund management for the computer firm. Vivian's replacement is Ray Kanner who currently heads up the employee investment programme and will take responsibility for one of the largest occupational pension portfolios in the world. IBM's $55 billion defined benefit scheme is the fourth largest in the US, and in addition
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