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Rent falls put squeeze on London landlords

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Renovation of southeast Queensland home sure to impress

first_img14 Chesterfield St, Wavell Heights.Lachlan and Rika Nally are moving to Perth and have made the decision to sell their Wavell Heights home.They have lived at 14 Chesterfield St since July last year.Mr Nally said he loved the location and the Queenslander-style home.“It just has a lot of character,” he said. 14 Chesterfield St, Wavell Heights.Mr Nally said they had done a lot of renovations to the property including gutting the internal walls.“We added walls, re-did the bathrooms, polished the external decking, polished the internal floor board, and added a second toilet.“We did quite a lot of work to this home,” he said.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019 14 Chesterfield St, Wavell Heights.Mr Nally said he hoped another young couple would buy their property. The lowset home is on a 653 sq m block and a stone’s throw away from local schools, and a 10-minute drive to Chermside’s Westfield Shopping Centre.The property, which is also close to the city, is around the corner from public transport.It is also near sporting facilities, and local parks including Kedron Brook.center_img 14 Chesterfield St, Wavell Heights.Mr Nally said his favourite part of the home was the backyard, which also has built-in vegetable gardens.“I love mowing and I love the outdoors,” he said.The property is fully fenced and has a water tanks.Internally there’s Crimsafe security screens in dedicated rooms.French doors lead out to the undercover decked alfresco area, and timber ceiling fans feature throughout.Harcourts Pinnacle – Aspley selling agent Scott Bertie said the property was “impeccably renovated”.last_img read more

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People moves: Mercer appoints CEO for Switzerland [updated]

first_imgABP – The €389bn Dutch civil service scheme has appointed Philip Stork as board member as of 1 October, following his nomination by the pensioners’ representatives in the scheme’s accountability body. Stork succeeds Michael Damm who died at the end of last year.Currently, Stork is a professor of financial markets and instruments at Amsterdam’s Free University and is also a trustee at Vervoer, the €23.5bn industry-wide pension fund for private road transport. Earlier in his career, he was head of derivatives and managing director for investment banking at Fortis and its predecessors. He was also a member of the executive board at Van der Hoop Bankiers.Allianz Global Investors – George McKay, co-head of the asset manager will retire in April next year, it was announced today. He will step into a non-executive vice chair role upon relinquishing his executive duties. Karen Prooth has been appointed AllianzGI’s new global chief operating officer. She will join in November from BlackRock, where she was most recently global platform head for ETF and index investments. She also used to be global co-COO of iShares. McKay has also been fulfilling the role of global head of distribution, and Tobias Pross will replace him in this role from next April. Pross is head of EMEA at AllianzGI and a member of its global executive committee. McKay is currently co-head of the firm alongside CEO and CIO Andreas Utermann.Candriam Investors Group – The asset manager has named Koen Van de Maele as global head of investment solutions and member of its executive committee. He was previously deputy chief investment officer at Candriam, where he has worked for 16 years in various roles. In his new position, van de Maele is in charge of the design of tailor-made investment solutions, periodic product portfolio review and product innovation, as well as the development, under the IndexIQ brand, of the group’s European exchange-traded funds business.KAS Bank/Simplitium (updated) – Stewart Bevan and Tom Hibbard have left the UK subsidiary of Dutch custodian bank KAS Bank to join Simplitium, a fintech firm. Bevan was a product manager at KAS Bank and Hibbard a business development manager. The pair played a key role in creating a cost transparency dashboard for the pensions industry that KAS Bank launched earlier this year. At Simplitium, they will continue to work on transparency solutions for pension schemes. Bevan is a member of the Financial Conduct Authority’s working group on institutional costs disclosure, chaired by Chris Sier.Separately, KAS Bank today announced plans to create a dedicated fintech innovation division to “radically transform” governance technologies available to UK pension schemes.Eaton Vance – Thomas Body has joined the asset manager as business development director for Germany and Austria, with a view to managing a new office in Frankfurt. The appointment is part of Eaton Vance’s efforts to strengthen its team in the region to meet growing client interest, the firm said. Body joins from Aberdeen Standard Investments where he was head of business development for financial institutions in Europe. He is responsible Eaton Vance’s client relationships with German pension funds, investment consultants, insurance companies and institutional fund buyers.Actuarial Association of Europe (AAE) – Thomas Béhar is the association’s new chairperson, succeeding Kristoffer Bork. Esko Kivisaari was elected vice chairperson. A French national, Béhar was president of the French actuarial association from 2006 to 2010, and again from 2012 to 2016. AAE has also adopted a new strategy and governance structure, which sees the board of directors no longer comprising the committee chairpersons but acting as a separate body with nine elected members. Béhar has said he wants to extend the AAE’s relationship with European institutions so that they can better understand the soundness of decisions from an actuarial perspective.Unigestion – Alexandre Déruaz has been appointed head of portfolio construction for the firm’s equities products. He joins after a 10-year spell at Lombard Odier, where he was most recently head of systematic equities and alternatives. He was also previously head of the firm’s smart beta arm. Déruaz has also worked at Union Bancaire Privée and BNP Paribas.Cardano – The fiduciary management provider has hired Cédric Bucher as co-head of defined contribution (DC), alongside Ralph Frank. He joins from Architas, part of AXA, where he was head of Architas UK funds. He moved to Cardano at the start of September and will focus on the commercial development of Cardano’s DC business. The group was recently appointed by NEST to offer general investment advice and support with fund manager search and selection exercises.Hermes Investment Management – The asset manager wholly owned by the BT Pension Scheme has appointed Silvia Dall’Angelo as senior economist. She joins after 10 years at hedge fund Prologue Capital. Eoin Murray, head of investment, said Dall’Angelo’s “insight, knowledge and expertise will be a tremendous asset to the business”.Carbone 4 – The French carbon analytics company has appointed Matthieu Maurin as managing director of its subsidiary, Carbone 4 Finance, which is dedicated to developing carbon data solutions for finance institutions. Maurin was previously a director in the sustainable finance team of BNP Paribas’ investment bank. French pension funds ERAFP and FRR have both used Carbone 4.Schroders – The UK listed manager has named Reto Schwager as CEO of Schroder Adveq, the firm’s recently acquired private equity specialist arm. He will join on 1 January, taking over from Sven Liden. He was previously at financial services group Orix Corporation where he was global head of private equity at Robeco and member of the executive committee of RobecoSAM. Schwager has also worked at Partners Group and was chairman of AIG Investment (Europe).JP Morgan Asset Management – JPMAM’s Global Insurance Solutions Group has hired three staff to its client advisory and strategic analytics teams. Mark Oldcorn has joined as head of international insurance solutions, Charles Matterson as head of UK insurance solutions and Jinglun Yao as an associate within the institutional strategy and analytics team.Oldcorn was previously group relationship manager at Deutsche Börse, and will be responsible for building and maintaining relationships with insurance companies outside the US. Matterson joins from Schroders where he was a client director. In his new role he will focus on relationships with UK insurers. Yao was previously an intern at JPMorgan Market Risk Quantitative Research.Hamilton Lane – The private markets specialist has hired Nick Kavanagh to its London office as a vice president on its co-investment and secondary teams. He joins from Singapore’s Temasek, and has also worked at Pantheon Ventures and Gresham Private Equity. Mercer, ABP, AllianzGI, Candriam, KAS Bank, Simplitium, Eaton Vance, Actuarial Association of Europe, Unigestion, Cardano, Hermes, Carbone 4, Schroders, JPMAM, Hamilton LaneMercer – The consultancy giant has hired Samuel Lisse as CEO of its Swiss business. He joins from Vita Collective Foundation, a provider of occupational retirement funds, where he was CEO for six years. Lisse has also worked at Alexander Forbes Financial Services in South Africa as pension fund leader, and has held positions at Assurinvest and Swiss Life Pension Services. He takes over from Catherine Schoendorff who has left to pursue new projects, Mercer said.Separately, Aled Jones, principal in the consultancy’s responsible investment team, has left the company, a spokesperson has confirmed. He had been at Mercer for just over six years. Before joining Mercer Jones worked for the London Pension Fund Authority and before that at the Pension Protection Fund, in both cases developing and implementing the funds’ responsible investment strategies. He has also worked at Innovest, Jupiter Asset Management and F&C Investments.Netherlands’ Ministry of Social Affairs – Jetta Klijnsma, state secretary for pensions at the Dutch ministry of Social Affairs, has been nominated as the new Royal Commissioner of the province of Drenthe. Since 2008, Klijnsma has been state secretary in two consecutive cabinets under prime ministers Jan-Peter Balkenende and Mark Rutte. Under Rutte, she was responsible for the update of the pensions system as well as raising the retirement age for the state pension.last_img read more

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Chic Queenslander has the backyard of your dreams

first_imgIf you’re looking for a sophisticated Queenslander full of family-friendly features, this remodelled Coorparoo home could be the answer to your property prayers.Nestled on a sprawling 1,240sqm block in the leafy Brisbane suburb, the five-bedroom residence at 22 Hethorn Street is an exercise in effortless style and entertaining.Adults will be impressed by the warm interiors and sumptuous finishes, including travertine, high-quality timber, imported materials, French doors and soaring ceilings.Meanwhile, the kids will flock to the cubby house and playground, the swimming pool and lush landscaped backyard that offers plenty of room to run around.Picture: www.realestate.com.au/ buyThe classic Queenslander facade, complete with a white-picket fence, ornate windows and a veranda, creates an inviting impression from the street.A dreamy library and home office would ignite imaginations, with built-in bookshelves – accessible by a ladder – as well as custom cabinetry including a built-in desk and day-bed nook. Gallery (3 images)Imagine settling into this cosy room. Picture: www.realestate.com.au/buyCooking enthusiasts would swoon over the crisp white kitchen, which is finished with beautiful shaker cabinetry. Luxury features include an island bench, a butler’s pantry, a stainless-steel Bosch oven, gas cooktop, double-drawer dishwasher, a double-door drinks fridge and ample storage space.The open, seamless floor plan allows easy access from the kitchen to the indoor and outdoor entertaining spaces, which include a large dining room, an alfresco deck and an undercover poolside gazebo. Gallery (3 images)Picture: www.realestate.com.au/buyThere’s a wealth of space for relaxation and recreation both inside and out. On a sunny Brisbane day, the kids can splash in the pool, run on the lawn, recline in the shade or climb in the cubby house, all while the ‘big kids’ supervise from the comfort of an undercover vantage point.An in-built, established vegetable garden is another lovely inclusion.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoFor day-to-day comfort and convenience, the bedrooms and bathrooms are well-appointed with beautiful finishes and plenty of space. The master suite has a chic coastal style, including a walk-in robe and white shutters. Gallery (4 images)Picture: www.realestate.com.au/buyThe ensuite is resort-quality, featuring full-height feature wall tiling, a lavish oval basin and double shower heads. The main bathroom has a luxe bath to sink deeply into. The home also features ducted air-conditioning, parking for three cars and an alarm system, all in a peaceful, lush-green street.It is listed for $2,250,000.Check out more dreamy family houses…Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:33Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:33 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe ultimate family home01:33last_img read more

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Brokers: Vale Tied to Up to 30 New Valemaxes

first_imgBrazilian miner Vale has been linked to a time charter deal for up to 30 Valemax newbuilds contracted from seven different companies.Under the long-term contracts of affreightment lasting up to 25 years, Chinese joint venture between ICBC Leasing and China Merchants would be providing ten 400,000 DWT bulkers, while South Korean shipping company Pan Ocean would be providing 4 Valemax newbuilds.In addition, Pan Ocean’s compatriots Korea Line Corporation, H Line Shipping, and SK Shipping would each contribute two 400,000 DWT bulkers, data from Intermodal Research shows.Furthermore, Polaris Shipping is reportedly ordering up to ten newbuilds to support the contract.The orders are said to be spread across several Chinese and South Korean yards, with no clear delivery dates disclosed.The move comes at a time of very low newbuilding prices for dry bulk tonnage, which might have been the reason behind the ordering spree.When asked about the order by World Maritime News, Vale said it could not comment on the reports.Separately, last month, Vale and nominees of Bank of Communications Finance Leasing (Bocomm) concluded the sale and purchase of two Valemaxes owned and currently operated by the Brazilian giant.The miner said the transaction totaled USD 178 million, which was received by Vale on August 8, 2017, at the delivery of the vessels.“Vale is also negotiating the sale of its remaining two VLOCs, which is consistent with its strategy of strengthening its balance sheet and focusing on core assets,” the company added.World Maritime News Stafflast_img read more

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Marriage is best for raising children, Government says

first_imgTelegraph (UK) 13 March 2012Iain Duncan Smith will make the Coalition’s most explicit official statement   in favour of parents marrying and staying together. He will say that children from such homes are most likely to end up with a   good education and a job…Marriage is particularly good for children, the paper says. The Government is   “concerned” by the long-term trend away from marriage, it says. Mr Duncan Smith will say the strategy marks a change in the approach to   marriage. Successive governments have done too little to promote stable   families, he will say….The command paper quotes evidence showing that “children tend to enjoy better   life outcomes when the same two parents give them support and protection”. Children who have experienced the breakdown of their parents’ relationship are   “more likely to have poor cognitive development and education and employment   outcomes than those who have lived with both birth parents”. “Outcomes” are better for children when parents stay together, the paper says.   Research shows that about one in three cohabiting couples splits up before a   child’s fifth birthday, compared with one in 10 married couples. “This Government believes marriage often provides an excellent environment in   which to bring up children,” it says. “The Government is clear that marriage   should be supported.” Mr Duncan Smith said he was not “lecturing” parents on how to live, merely   setting out the facts on the advantages of marriage and commitment.http://www.telegraph.co.uk/news/politics/9139483/Marriage-is-best-for-raising-children-Government-says.htmllast_img read more

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Collapse of Matthieu Dam will have long term negative effects on country’s struggling economy

first_img 947 Views   no discussions LocalNews Collapse of Matthieu Dam will have long term negative effects on country’s struggling economy by: – July 28, 2011 Sharing is caring! Section of the Layou road earlier this morning.The Head of Government is predicting that the collapse of the Matthieu Dam will have long term negative effects on the country’s struggling economy.Prime Minister Roosevelt Skerrit made the comments on Kairi’s Heng program, following a disaster which occurred at about 12:30a.m when of the damn collapsed and flooded the Layou River, partially washing away the Clark Hall Estate Bridge and affecting several businesses and home owners in the process.“The place has been declared as a disaster zone and the assessment is currently being done. The present approach is to have the area cleared. There will be some short term cost but my concern is the longer cost to the country and the agriculture which has been destroyed as a result. Several persons will also be unemployed because take for instance Wacky Rollers who employs four persons and the Chinese project. A new bridge must be built…the expenses will be severe,” he said.PM Skerrit said there is also concern about the tourism prospects for the area.“There is a long-term concern about the future prospects of the area and whether you can allow for any tourism development.”Meantime Prime Minister Skerrit says his Government will be seeking the assistance of the US and French Governments for the provision of helicopters to facilitate the process.“We have been in touch with the US and the French to see if they can assist us with a helicopter later on to look at the dam area to decide what the situation is with that,” he said.He said Dominica is a small island and does not have funds put aside for disasters.The prime minister also confirmed that the disaster has put Dominica a step behind.Dominica Vibes News Tweetcenter_img Share Share Sharelast_img read more

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No time to be fearful, says Jamaica PM

first_img Share Tweet Sharing is caring! NewsRegional No time to be fearful, says Jamaica PM by: – October 4, 2011 10 Views   no discussionscenter_img Share Prime Minister Bruce GoldingKINGSTON, Jamaica (JIS) – This is not a time to be fearful or bewildered; it is a time for renewed hope and renewed effort, Jamaica’s Prime Minister Bruce Golding said in a national broadcast on Sunday, when he outlined the reasons for stepping down as leader of the Jamaica Labour Party (JLP).Golding emphasised that the election of a new leader must be conducted in a mature, transparent and dignified manner, when he steps down as head of the JLP in November.He said this is particularly important, as the party also forms the government. “The general secretary of the party has already outlined the procedures for the election of a new leader. The Electoral Office of Jamaica has been asked to manage the voting process, and everything will be done to ensure an orderly transition,” the prime minister said.Golding said he has been in contact with major international partners and has given the assurance that the government is firmly in place, and that the transition will be smooth and seamless.“The financial markets remain sober while they await the appointment of a new prime minister and confirmation that we will not deviate from the economic reforms which we have embarked on,” he said.Golding assured that, in his remaining weeks in office, he will continue to work hard, while preparing to hand over the leadership to his successor.The prime minister, who on September 25 informed the Central Executive of the JLP of his intention to resign, explained that part of the consideration leading to this decision was his recognition that it is time for his generation to make way for younger persons who are more in sync with 21st century realities, “whose vision can have a longer scope and who can bring new energy to the enormous tasks that confront us.”He pointed out that the leaders of other major economies, such as the United States, Britain, Canada and Spain are all 10 years his junior.Noting that he was first elected to Parliament almost 40 years ago, Golding said, “I feel it is time for me and people like me to make way and allow a new crop of leaders to step forward and unleash their energies and creativity.”“There are young people in my party, indeed both parties, who are capable of providing the leadership that the country requires at this time. We must not, for the sake of personal ambition, block their emergence. My advice and counsel will always be available if and when required,” he added.The prime minister expressed his abiding faith in the country, saying, “Despite the formidable challenges we face, we can overcome; we will make it if we try and try hard enough, if we remain focused and committed, not just to the next elections, but to the future and the possibilities that are within our reach and must be placed securely within our grasp.”By Alphea SaundersCaribbean News Now Sharelast_img read more

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Burnley go for Chelsea midfielder

first_imgBurnley are leading the race for Chelsea midfielder Conor Gallagher. Loading… Chelsea reportedly have an option to recall Gallagher, who joined Chelsea as an eight-year-old, if they wish to cash in on the star. Read Also:EPL: Martial, Rashford net as Man United beat Burnley to claim fifth spot However, Frank Lampard would be reluctant to sell a youngster with huge potential – especially given his policy to field youth players this season. FacebookTwitterWhatsAppEmail分享 Gallagher has been impressing on loan at Charlton Athletic. The Daily Mail says Gallagher’s performances have been enough to interest Burnley manager Sean Dyche, who is also keen on Josh Brownhill of Bristol City.Advertisement Promoted Content13 kids at weddings who just don’t give a hoot11 Strange Facts About Your Favorite TV ShowsThe Highest Paid Football Players In The World7 Facts About Black Holes That Will Blow Your MindCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Legendary Historical Movies You Should SeeIncredible Underwater Objects Surrounded By Mystery8 Superfoods For Growing Hair Back And Stimulating Its Growth20 Historical Things You Won’t Believe Actually HappenedYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime6 Product That Have Wild Origin Stories5 Of The World’s Most Unique Theme Parkslast_img read more

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Becky Hammon

first_imgThe San Antonio Spurs of the NBA recently hired Becky Hammon as an assistant coach.  She will be the first female in this role.  The WNBA star will retire from playing pro basketball when their season ends this fall.  Becky worked at basketball camps last year put on by the NBA and their coaches.  There is a lot of skepticism on whether the professional men will listen to this ladies’ advice.Any time someone becomes a pioneer in a career field, people will doubt whether they have the ability to do the job.  As successful as the Spurs have been, I am sure they did their homework and are very confident Becky can do the job.  The big question is whether the men will be willing to accept her.From all I have read, she knows her sport very well and will not hesitate to give her advice to these players.  As successful as she has been in her own career as a pro player, her male counterparts would be well advised to listen.  She is considered an expert on positioning, foot movement, and scoring inside the paint.  Time will tell how this pioneering move works out.last_img read more

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