PPF appoints new CIO

The Pension Protection Fund has appointed Ian McKinlay as its new chief investment officer, overseeing its £3-billion-plus portfolio. McKinlay takes up the position permanently, following a six-month period in the role last year on secondment from PricewaterhouseCoopers, where he was head of its investment consulting practice. The PPF refused to say who had been CIO in the interim.

Nedbank designates CEO heir

Johannesburg-based Old Mutual banking subsidiary Nedbank Group has

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