The international branch of RBC Wealth Management has appointed Cornerstone Investment Partners LLC as investment manager of the US Core Equity class of RBC Regent Strategy Fund Ltd. Cornerstone is an investment company specialising in US equities.

Law firm Eversheds has been chosen by the trustees of the John Lewis Partnership Trust, as advisers. Head of pensions at John Lewis, Dinesh Visavadia, said Eversheds gave the Trust comfort with the width of its practice and commitment to high standards.

Kommunal Landspensjonskasse (KLP) has chosen Northern Trust and Handelsbanken to provide custody and depositary services for asset managed on behalf of its funds and insurance businesses. KLP, which is one of Norway's largest life insurance companies, is the first Norwegian mutual fund to select Northern Trust and Handelsbanken for their mutual fund solution.

J.P. Morgan's Worldwide Securities Services business has been appointed to provide custody and related services to pan-European defined benefit schemes advised by Hewitt Delegated Consulting Services. The mandate will see J.P. Morgan provide custody, transition management, accounting, performance measurement, FX, compliance, securities lending and trustee services to support Hewitt's pension fund clients throughout Europe. Three already use J.P. Morgan's services.

Hedge fund group Marshall Wace has appointed State Street Corporation to provide investment services to its new equity-neutral exchange traded fund (ETF), MW TOPS Global Alpha. The ETF, which is the first targeting an absolute return from a single investment strategy, is the first ETF in Europe to be run by a dedicated alternative asset manager.

KNEIP's Fund MasterFile product, a centralised repository for fund data, has been signed up to by Investec Asset Management (London), Olympia Capital Management (Paris) and Leonardo Asset Management (Paris). The product facilitates fund data and document management, eliminates the risk of distributing inaccurate information, and is the only online data management tool to enable fund managers to host all their data in a single information hub.

Lane Clark & Peacock LLP has been chosen as investment advisor to the Inchcape Motors Pension Scheme, which has almost 3,000 members and is valued at £220million. LCP will provide strategic investment advice to the scheme's trustees, including recommendations on the range of investment options available in the current climate. Governance burden for the scheme will also be worked on by LCP.

KPMG Investment Advisory has been appointed by the £1bn IMI Pension Fund as Investment Advisor to the Trustee. KPMG will assist with a wide-ranging strategic investment review focusing on reducing risk, while preserving returns, as well as providing ongoing monitoring and helping the Trustee to identify new investment opportunities.

The West Sussex Pension Fund has chosen Northern Trust to provide global custody and investment accounting services to around £1.5bn in pension fund assets. The appointment follows those by the Parliamentary contributory Pension Scheme and the Royal Borough of Kensington and Chelsea pension scheme. Northern Trust is also global custodian for the Strathclyde Pension Fund.

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