UNIVERSAL INVESTMENT ANNOUNCES CHANGE IN INVESTMENT & SUB-INVEST MGRS.
Date | 28-Jan-2010 |
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UNIVERSAL INVESTMENT
FUND (the
"Trust") Change
in Investment Manager and Sub-Investment Manager to Strategic Europe Fund and
the State
Street Cayman Trust Company, Ltd. (the "Trustee") wishes to announce that
pursuant to an Investment Management Agreement dated 9 December 2009 between the
Trustee, Schroder Investment Management Limited ("Schroder") and NLI Investments Europe
Limited ("NSAM Europe"), Schroder
has been appointed as investment manager (the “Investment Manager”) to the Strategic
Europe Fund and the Europe Premier Fund (collectively the "Sub-Funds") both being sub-funds of the
Trust. The
Trustee wishes to further announce that pursuant to a Sub-Investment Management
Agreement dated 9 December, 2009, and made between the Investment Manager and
NSAM Europe, the Investment Manager has appointed NSAM Europe to act as the
sub-investment manager (the "Sub-Investment Manager") for the
Sub-Funds and to have discretion in the selection of portfolio securities.
The
Investment Manager was incorporated in the The
directors of the Investment Manager are as follows: Alan Brown Mr.
Brown is the Group Chief Investment Officer of the Investment Manager and joined
Schroders in 2005. Prior to joining Schroders Mr. Brown was with State Street
Global Advisors ("SSgA") from 1995 to 2005, initially as Managing Director of
their London office, and later as Group Chief Investment Officer and Vice
Chairman of SSgA, and Executive Vice President of State Street Corporation. Mr.
Brown joined Posthorn Global Asset Management in 1984 as Head of Fixed Income,
moving to PanAgora Asset Management as Chief Investment Officer in 1989. Mr.
Brown's investment career commenced in 1974 upon joining Morgan Grenfell as an
equity analyst before moving to New York to go through the JP Morgan Commercial
Bank Management Program. Mr. Brown returned to Michael Dobson Mr.
Dobson is Chief Executive of Schroders Plc. Mr. Dobson joined Schroders as Chief Executive November 2001. Previously, Mr. Dobson
was Chairman of Beaumont Capital Management between 2000 and 2001, a member of
the Board of Managing Directors of Deutsche Bank between 1996 and 2000, Chief
Executive of Morgan Grenfell Group between 1989 and 1996, Deputy Chief Executive
of Morgan Grenfell Group between 1988 and 1989, and Chief Executive of Morgan
Grenfell Asset Management between 1987 and 1988. Mr. Dobson joined Morgan
Grenfell in 1973. Mr. Dobson has a MA in Modern Languages from Marco Zwick Mr.
Zwick is Global Head of Compliance and Regional Head of Risk for Continental
Europe wfor Schroders Plc and a Compliance and Risk Director of Schroder
Investment Management (Luxembourg) S.A. Mr. Zwick joined Schroders in 2005 and
was previously with Deutsche Börse Group as Head of Compliance, Clearstream
International as Internal Audit Manager and Banque Générale du Luxembourg S.A.
in various positions. Mr. Zwick has an MBA from Massimo
Tosato Mr.
Tosato is Vice Chairman of Schroders Plc and is responsible for Global Distribution and New
Finance Capital, based in Markus
Ruetimann Mr.
Ruetimann is Group Chief Operating Officer for Schroders Plc, based in Kevin
Parry Mr.
Parry is Chief Financial Officer of Schroders Plc. Mr. Parry is responsible for finance, risk, compliance and corporate development,
and is based in The
Sub-Investment Manager was incorporated in The
directors of the Sub-Investment Manager are as follows: Keisuke
Kawasaki Mr. Kawasaki has been Chief Executive Officer of the
Sub-Investment Manager since March 2007. Mr. Kawasaki
joined Nippon Life Insurance Company in 1991. Before
becoming Chief Executive Officer of the Sub-Investment Manager Mr. Kawasaki
held a number of positions within
Nippon Life Insurance Company such as Deputy General Manager of International Planning & Operations Department. Mr. Kawasaki has a B.A. in International Relations from Hiroyuki
Nishi Mr. Nishi has been Chief Representative of Nippon Life Insurance
Company's London Office since May 2009. Mr. Nishi joined Nippon Life Insurance
Company in 1983 and since held a number of positions such as Deputy General
Manager of International Finance Marketing Section, Deputy General Manager of
London Representative Office and Director / Executive Vice President of
Nissay-SVA Life Insurance Co., Ltd in Yoshikazu Takeda Mr. Takeda has been Senior Managing Director & Chief Investment
Officer of Nippon Life Insurance Company since March 2009.. Before becoming
Senior Managing Director & Chief Investment Officer, Mr. Takeda worked as
Managing Director & Chief Investment Officer with Nippon Life Insurance
Company and in the New York Representative Office as General Manager for the
Americas & Europe, as well as previously holding a number of other positions
within the company. Mr Takeda has a B.A. in Law from Kazuhide
Toda Mr. Toda is General Manager of the International Planning &
Operations Department of Nippon Life Insurance Company. Mr. Toda joined Nippon
Life Insurance Company in 1986 as an Associate with the International Investment
Department. Before becoming General Manager of the International Planning &
Operations Department, Mr. Toda also worked as General Manager of the Credit
& Alternative Investment Department, as well as previously holding a number
of other positions within the company. Mr. Toda has a B.A. in Economics from
James
Stewart Mr.
Stewart was appointed to the position of Chief Operating Officer of the
Investment Business Division of Schroder Investment Management Limited in 2003.
Mr. Stewart was Deputy Managing Director of the Investment Business Division of
Schroder Investment Management Limited between 2000 and 2003. Mr. Stewart began
his career at Schroders in 1987, as a John
McLaughlin Mr. McLaughlin was appointed to the position of Head of the UK
Multi-Asset and Structured Solutions team of
Schroder Investment Management Limited in 2008. Mr. McLaughlin was Head of the For any questions relating to the content of this announcement please
contact Una Foley of State Street International (Ireland) Limited on +353 1 853
8612
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