Ilmarinen appoints CIO to succeed Ritakallio

first_imgMikko Mursula Ilmarinen has hired the chief executive of FIM Group, Mikko Mursula, as its new CIO, following the promotion of Timo Ritakallio.Mursula will join the €30bn pensions mutual no later than June next year, stepping into the role four months after Ritakallio is set to succeed Harri Sailas as chief executive and president of Ilmarinen.Commenting on the appointment, Ritakallio said: “Mikko Mursula has extensive and diverse experience of the investment markets, the ability to lead a demanding expert organisation, and he is well networked in both the Finnish and international capital markets.” Mursula is no stranger to Ilmarinen, having worked at the pension provider for a decade prior to joining FIM Asset Management in late 2010.He was promoted to chief executive of FIM Group in September 2013, three years after leaving the mutual to become managing director at FIM Asset Management.With a total of 20 years of experience in the investment management industry, Mursula initially joined Ilmarinen as equity portfolio manager in 2000.In early 2003, he was promoted to head of equities, overseeing a team of seven in charge of a €7bn portfolio. In 2007, he was then promoted to head of listed securities at Ilmarinen, a role he held until he joined FIM.He began his career at KPMG in 1992, working at AG Private Bankers and Opstock Securities.For more on Mikko Mursula, explore IPE’s archive of interviewslast_img read more

UK MPs criticise government over handling of FRC chair appointment

first_imgSource: GSKSimon Dingemans, FRCIn relation to the former Goldman Sachs banker’s suitability for the role, the report concluded: “On the basis of the pre-appointment hearing, we are satisfied that Mr Dingemans has the professional competence and personal independence required of the chair of the Financial Reporting Council.”Dingemans’ appointment comes at a critical time for the FRC, which has come under intense scrutiny since the financial crisis. In addition criticism of its oversight of the audit sector following the collapse of government contractor Carillion at the start of 2018, the FRC has also faced claims from the Local Authority Pension Fund Forum that it misinterpreted UK company law to the detriment of investors.Transition to ARGAThe FRC is now in the process of transitioning into a new, more proactive regulator called the Audit, Reporting and Governance Authority (ARGA).Quizzed during his pre-appointment hearing on how he planned to reform the organisation in light of the Kingman Review into the FRC’s future, Dingemans said he wanted to “change the FRC’s focus to serving the end users of accounts as opposed to the preparers”.“But most importantly of all [we have] to change the culture of the organisation, to make it more proactive, more energetic, more challenging,” he added.An overview of FRC enforcement activity over the past 12 months released last week showed a near trebling of the annual fines for defective audit work, from £15.5m (€16.8m) in 2017-18 to £42.9m in 2018-19.The FRC said it had made “far greater use and range of non-financial sanctions” and also overseen a “significant reduction” in the number of so-called legacy cases on its books. An influential committee of UK politicians has issued a stinging rebuke to the government over its handling of the appointment of the Financial Reporting Council’s (FRC) new chairman.Former GlaxoSmithKline chief financial officer Simon Dingemans was named as the government’s preferred candidate for the chairmanship last month.However, in a report following his pre-appointment hearing, the Business, Energy and Industrial Strategy (BEIS) Select Committee expressed “frustration and dissatisfaction” with the BEIS department of government.“We have not been told why the chair [of the committee] was not consulted prior to the recruitment process being launched and at every stage of the process we have had to ask the department for the information that should have been provided to us in a timely manner,” the report stated. “Pre-appointment hearings are an important part of the scrutiny process; the department should seek to facilitate the committee’s work in this respect.”The committee – which is chaired by Labour MP Rachel Reeves – added that its criticism of the department was “no reflection on the candidate”.last_img read more

Cargo plane carrying supplies for AU troops crash-lands near Somalia capital

first_imgAMISOM/ Ugandan soldiers resting in the town of Kurtunwaarey in the Lower Shabelle region of Somalia . AMISOM/ Ugandan soldiers resting in the town of Kurtunwaarey in the Lower Shabelle region of Somalia .A cargo plane carrying supplies for African Union troops crash-landed outside Somalia’s capital Mogadishu on Monday, government officials told AFP.The officials said the Egyptian-owned transport plane went down in Arbiska, a district situated 18km outside the capital, after making several unsuccessful passes over the seafront airport.Two of the six crew members suffered light injuries in the crash, the officials said, but added that the plane and those on board were safe having landed in an area controlled by the Somali government and the African Union’s Amisom force.The cause of the crash was not immediately clear, with government sources pointing to either technical failure or the airport’s inability to accept landings during the night.Amisom, made up of troops from country’s including Kenya, Ethiopia, Uganda, Djibouti and Burundi, is in Somalia to support Somalia’s internationally-backed government against the al-Qaeda-affiliated Shabaab militants.last_img read more

Two Million Dollars Allocated to assist Tourism Stakeholders

first_img Share Sharing is caring! 14 Views   no discussions Share LocalNews Two Million Dollars Allocated to assist Tourism Stakeholders by: – June 29, 2011center_img Tweet Share Prime Minister Hon. Roosevelt SkerritHair braiders, vendors and taxi operators are set to benefit from two million dollars ($2,000,000) which have been allocated by the Government of Dominica, as part of their economic development thrust.Prime Minister Roosevelt Skerrit made the announcement while presenting the 2011/2012 Budget at Parliament on Wednesday.This is one of many measures announced by the Prime Minister to fuel income generation for the many stakeholders who depend heavily on the tourism industry.The Dominican leader told parliament that while one of the island main cruises; Carnival have pulled out from the industry, the government will continue to do all in their power to cushion the effects of the crisis.‘I must report that the Employment Agency and Small Business Unit has assisted close to 400 persons in the fiscal year 2010/11 and close to 1000 for the programme to date.  This year, $2.0 million will go towards that programme.  Specifically, some of these resources will be to provide some support to the small businesses such as the vendors, hair braiders and taxi operators whose income is being affected by the pull out of the Carnival Cruise Lines in the off-season, and who wish to get involved in other small business initiatives, to improve their income earning capacity,’ says Skerrit.On Wednesday, the prime minister sought approval of estimates of expenditure for the financial year ending June 30th, 2010, amounting to $432,598,384.Close to eleven million dollars head recurrent went to the Ministry of Tourism and Legal Affairs with one million dollars allocated as head capital.The Prime Minister says funds will also be spent on enhanced training for tourism stakeholders, to further assist them in self-income generation.‘The modality of this specific assistance programme is being finalized and will be articulated by the relevant agencies in due course. Suffice it to say, that we have anticipated the economic fallout from the depressed cruise tourism period and are putting systems in place to cushion the impact on the most vulnerable.’‘One of the options I personally support is the utilization of this period for enhanced training, whereby, though not plying their trade in the traditional way, vendors, hair braiders and the like can be the beneficiaries of enhanced training in new technologies and approaches and at the same time be assured of satisfactory earnings during the down period.  I cannot promise that we will match their total earnings, but at least we will do as much as is possible to ensure they remain current with known and obvious commitments,’ Skerrit told Parliament.Parliament will resume at 10am on Thursday, June 30th and will be carried live by Vibes Radio on www.vibesradio.dm.Dominica Vibes Newslast_img read more

Negros robbery group leader falls

first_imgBY DOMINIQUE GABRIEL BAÑAGABACOLOD City – The suspected leader of a crime group tagged in several high-profile robberies in Negros Occidental was arrested by authorities in Sitio Patic, Barangay Isio, Cauayan town.The 30-year-old Francisco Epogon alias “Junjun” – resident of neighboring Sitio Manluy-a, Barangay San Jose, Sipalay City – was caught Sunday afternoon. Epogon’s apprehension was staged on the strength of an arrest warrant issued by Judge Rodney Magbanua of the Regional Trial Court Branch 61 in Kabankalan City dated Feb. 28, 2020.The suspect faces charges of robbery in band with a recommended bail of P100,000.He was arrested by personnel of the Cauayan police and the Provincial Intelligence Unit of the Negros Occidental Provincial Police Office.Police recovered a fragmentation grenade from Epogon’s possession.City police chief Colonel Henry Biñas earlier tagged the Epogon robbery group in the recent robbery-slay incident involving a Belgian national in Barangay Villamonte here and other break-ins this year.Biñas said the group was also behind the ransacking of the house of Dr. Carlitos Orola in Barangay Tangub on Feb. 19.He said there is also a possibility that the group was behind the robbery at a house in Barangay Estefania on Feb. 29.The group is also responsible for robbery incidents that victimized the Northern Negros Electric Cooperative, a rice mill in Bago City, Negros Occidental, and another rice mill in Negros Oriental, he added.On Wednesday last week, the suspects entered the house of Carl Nolens at Villa Angela and killed him using an M16 assault rifle, based on the recovered empty shells at the crime scene.His wife, Maria, was injured when she jumped from the terrace at the second floor of their house.The police are also looking into possible connections of the robbery-slay incident to other burglaries in the city this year.The task force assigned to the ongoing probe of Nolans’ robber-slay are already in Cauayan to question the crime group leader./PNlast_img read more

Greensburg Grad Scheduled To Pitch In Indianapolis Saturday

first_imgMeyer is scheduled to pitch against the Indianapolis Indians Saturday night.INDIANAPOLIS – Greensburg High School graduate Alex Meyer is on the path toward pitching in Major League Baseball.The highly rated prospect is in the Minnesota Twins organization pitching for Triple-A affiliate Rochester Red Wings.His team is at Victory Field in Indianapolis this weekend and Meyer will take the mound Saturday at 7:05 p.m.The game could be the last opportunity to see the former Pirate pitch before he is in a big league uniform.  This season he has pitched 22 games and has the 3.05 ERA, the sixth highest in the International League.The 2008 high school graduate later went on to dominate at the University of Kentucky. He was drafted in the 1st round by the Washington Nationals in 2011 and was ultimately traded to the Twins.Meyer spent a portion of this past off-season as a substitute teacher at Greensburg High School.last_img read more

Batesville homecoming plans announced

first_imgBatesville, In. — The Batesville Bulldogs will take on the Franklin County Wildcats for homecoming Friday October 6.The parade theme this year is “Seasons.” Each Batesville High School class will compete for the most creative way to incorporate their favorite season into floats. The parade will assemble at 4:30 p.m. and step off at 5 p.m.Float building will be done on October 3 from 5 to 8 p.m., October 4 from 4 to 7 p.m. and October 5 from 5 to 8 p.m. Entries are still being accepted by emailing crab@batesville.k12.in.us .The homecoming royalty will be introduced during half-time of the game and a dance sponsored by “Choices” will be held until 11 p.m. after the game.BHS Homecoming Court Candidates,FreshmenJacob WeigelMalia ScheeleKarson MackeKatie BedelSophomoresJacob NobbeMadison ChambersChristian AndersonHalle RenckJuniorsMichael RippbergerBea AmbergerTrey HeidlageSophie BrownSeniors  (King and Queen candidates)Tristian LamppertMolly WintzEmma GausmanQuinten GowdyMaddie PiersonChristian PrickelKelsey HuffnerWill Harmeyerlast_img read more

Belfast Giants see off Sheffield Steelers

first_imgSecond-placed Belfast Giants overcame Sheffield Steelers 4-1 in Saturday’s Elite League encounter. Nottingham Panthers swatted aside Dundee Stars 7-1, while Coventry Blaze won their Continental Cup Group C match against Serbia’s Partizan Belgrade 12-1. Mitch Ganzak, Mark Garside, Colin Shields and Jonathan Boxill scored as the Giants triumphed at the SSE Arena in a game that was originally postponed on Friday due to a One Direction concert. Edinburgh Capitals made it six wins in 11 league matches as they saw off the Cardiff Devils 6-2, while Fife Flyers won 4-3 at Manchester Storm. center_img Press Associationlast_img read more

Update on the latest sports

first_imgAlso tonight, the third-seeded Boston Celtics take on the fifth-seeded Miami Heat in Game 1 of the NBA East title series. Miami is looking for its first East championship since 2014, Boston its first since 2010.NBA-RAPTORS-NURSENurse gets extensionTORONTO (AP) — Head coach Nick Nurse and the Toronto Raptors announced a multiyear extension without divulging the terms. Nurse has won the Atlantic Division title in each of his first two seasons at the helm. The Raptors captured the NBA title last year before finishing with the second-best record in the Eastern Conference this season. Share This StoryFacebookTwitteremailPrintLinkedinRedditSEATTLE (AP) — The San Francisco Giants were supposed to begin a two-game series in Seattle tonight. That’s not going to happen.The series has been postponed because of smoky skies caused by the West Coast wildfires. The announcement came as forecasters called for smoke to reach very unhealthy levels in Western Washington through at least Thursday. The teams will now play Wednesday and Thursday at Oracle Park in San Francisco, with game times to be determined. Nurse was originally signed to a three-year deal in June 2018 to lead the club.NHL-PLAYOFFSLightning on the verge of making Stanley Cup finalEDMONTON, Alberta (AP) — The Tampa Bay Lightning can advance to the Stanley Cup Final with a win tonight over the New York Islanders. Tampa Bay is up 3-games-to-1 and on the verge of its first Cup Final appearance since 2015. Both teams had a scheduled day off Thursday that allowed them to avoid playing a doubleheader on Wednesday.MLB-WORLD SERIESWorld Series to take place in Texas; bubble plans announcedUNDATED (AP) — Major League Baseball has announced the ballparks that will serve as neutral sites for the upcoming division series, league championship series and World Series.Globe Life Park in Arlington, Texas, will host the World Series as part of a bubble agreement between MLB and the union. The bubble is designed to minimize exposure to the coronavirus. September 15, 2020 — UAB quarterback Tyler Johnston III is out indefinitely with an injury to his non-throwing shoulder. Johnston has thrown for 293 yards and three touchdowns with one interception in the first two games against Central Arkansas and Miami. UNDATED (AP) — The University of Wisconsin chancellor says Big Ten football will remain on hold until there are answers to questions about COVID-19 testing and tracing, along with possible long-term heart issues related to the coronavirus. Big Ten leaders are reconsidering a fall season after a weekend of meetings about a plan to begin play as soon as mid-October. Wisconsin chancellor Rebecca Blank would not predict which way a vote to return to play would go. She says once Big Ten university leaders have their questions and concerns addressed, “we will try to plan a delayed season.”Also around college football:— Arkansas State’s home football game against Central Arkansas has been pushed back from Saturday to Oct. 10. Arkansas State announced Tuesday that the team cannot assemble a full two-deep depth chart at a specific position group due to player unavailability. The statement did not reveal if the postponement was COVID-19 related, but the program said the “health and safety of our student-athletes will always come first.” NBA PLAYOFFSNuggets looking to win another elimination game and advanceLAKE BUENA VISTA, Fla. (AP) — With a win tonight over the Los Angeles Clippers, the Denver Nuggets will become the first team in NBA history to successfully erase a pair of 3-1 postseason deficits in the same season — or even in the same decade. The Nuggets were down 3-games-to-1 to Utah in the first round and advanced; they were down 3-1 to the Clippers this series. The winner of tonight’s game advances to the West title series against the Lakers. Associated Press center_img UNDATED (AP) — The New York Yankees have activated designated hitter Giancarlo Stanton, third baseman Gio Urshela (ur-SHEH’-luh) and right-hander Jonathan Loaisiga from the 10-day injured list.Stanton missed 32 games with a strained left hamstring, Urshela was out with a bone spur in his right elbow and Loaisiga was sidelined with a medical condition the team did not specify.Right fielder Aaron Judge is expected to be activated later this week. He’s been limited to one game since Aug. 11 because of a strained right calf. Also around the majors:— Dodgers third baseman Justin Turner has been activated from the 10-day injured list after missing 13 games with a strained left hamstring. Turner entered Tuesday’s action batting .282 with two homers and 20 RBIs in 32 games during the shortened season. In other NFL news:— Drue Tranquill has been placed on injured reserve by the Chargers . The second-year linebacker broke his left ankle during the first quarter of Sunday’s 16-13 victory at Cincinnati. — The Bengals claimed former Browns kicker Austin Seibert off waivers but expect Randy Bullock to be ready to play in Cleveland on Thursday. Bullock missed a 31-yard field goal with 2 seconds left Sunday when his left calf cramped.COLLEGE FOOTBALL-NEWSWisconsin chancellor: Big Ten football still on hold The 55-year-old Laviolette became an NHL head coach with the Islanders in 2001, guiding them to playoff berths in each of his two seasons at Uniondale. He spent 5 1/2 seasons with Nashville before being dismissed in January.NHL-WILD-BRODINWild sign BrodinST. PAUL, Minn. (AP) — The Minnesota Wild have signed defenseman Jonas Brodin to a seven-year, $42 million contract extension. This makes another long-term commitment to a key piece of their blue line group. The 27-year-old native of Sweden was drafted 10th overall by the Wild in 2011. He had a career-high 26 assists in 69 games during the virus-shortened season. He also led the team with 112 blocked shots and was second on the club with a plus-15 rating. NFL-INJURIESJets shelve BellUNDATED (AP) — The New York Jets will play at least three games without running back Le’Veon Bell after he injured a hamstring during Sunday’s loss to the Bills. Head coach Adam Gase said Monday he didn’t want to put a timetable on Bell’s return, but said it was possible it could take some time because it’s a soft-tissue injury.The Jets also announced they have placed rookie wide receiver Denzel Mims and second-year linebacker Blake Cashman on IR. The AL Championship Series will be at San Diego’s Petco Park and the NL at Globe Life, a retractable roof stadium with artificial turf that opened this year. The ALDS will be at Petco Park and Dodger Stadium, while the NLDS will play out in Arlington and Houston’s Minute Maid Park.The wild-card round will be held in the stadium of the top-seeded teams. The playoffs were expanded from 10 to 16 teams due to the shortened regular-season.MLB-NEWSStanton activated after missing 32 games Update on the latest sports The Islanders have tied four series in their history after dropping the three of the first four games. The last two times were in 1987, when they did it against the Capitals and Flyers in consecutive rounds. New York has won two series after trailing 3-1: 1975 against the Penguins and ’87 versus Washington.NHL-CAPITALS-LAVIOLETTECapitals hire Laviolette as coachWASHINGTON (AP) — The Washington Capitals have hired a Stanley Cup-winning head coach for the first time in their history.Veteran bench boss Peter Laviolette is replacing Todd Reirden, 14 years after winning a Cup with the Hurricanes. He also led the 2010 Flyers and 2017 Predators to the Cup final.last_img read more

Sunil Narine’s heroics lead TKR to victory in CPL opener

first_imgTHERE was rain, rustiness and a remarkable display by a bona fide T20 great, as Trinbago Knight Riders (TKR) overcame a stumble to win the opening game of CPL 2020 against Guyana Amazon Warriors (GAW).With most players getting back to cricket after layoffs longer than they’ve ever had before, the cricket was patchy in parts – but that didn’t apply to Sunil Narine.With ball in hand he showed off new tricks, and with the bat, proved just how valuable he could be for a team with the licence to go for it at the top of the order.Scores:Trinbago Knight Riders 147 for 6 (Narine 50, Darren Bravo 30, Naveen-ul-Haq 2-21, Tahir 2-40) beat Guyana Amazon Warriors 144 for 5 (Hetmyer 63*, Taylor 33, Narine 2-19) by four wicketsPersistent rain meant the game began 90 minutes after the scheduled start and was reduced to 17 overs a side. A cloudy sky and a shortened match made it a straightforward decision for Kieron Pollard to bowl first on winning the toss, but he and the TKR would have hoped to chase a bit less than the 144 for 5 that the Warriors got, riding on the back of Shimron Hetmyer’s unbeaten 63* off 44 balls..However, Narine – who had taken 2 for 19 in four overs – came back out to slam 50 off 28 in the chase, which provided enough of a buffer to account for a late collapse as TKR won by four wickets, with two balls to spare.The return of Narine, the mystery bowlerShimron Hetmyer’s unbeaten 63 came off 44 ballsHe has apparently spent the COVID-19 enforced lockdown perfecting new skills, because Narine unveiled a new bowling action in his first match back.He did away with any sort of load-up, instead hiding the ball behind his hip as he ran in to bowl and delivering from there itself. He had not been easy to read for batsmen in any case, and now proved even more difficult.Crucially, he didn’t lose any bite or accuracy with the new action. He bowled two overs in the Powerplay (reduced to five overs) and then two in the middle, getting the important wickets of opener Chandrapaul Hemraj and a resurgent Ross Taylor. Narine gave up runs at 4.75 an over, and no other bowler went below 7.Hetmyer carries WarriorsWarriors had a tepid start, with Hetmyer walking in to bat in the first over itself after Brandon King had fallen for a duck. He took his time settling in, preferring to knock the ball around rather than go for big shots. The pitch too wasn’t one where it was easy to start rapidly. Hetmyer assessed that and gradually started stepping on the pace, eventually finishing with a flurry that took Warriors to a more than competitive total. Taylor had provided the initial impetus after two early wickets, which allowed Hetmyer to bide his time. Importantly, he made it count.No rustiness for NarineIn the first four overs, Narine faced only four balls as Lendl Simmons ate up deliveries and was unable to get on with it. There was nothing to show that the mounting rate and not feeling bat on ball affected Narine in any way though, as he blazed merrily away once Simmons fell.As with several Narine top-order innings, this one had its share of balls not always middled but it also had some amazingly struck shots.Narine gave TKR enough impetus with his half-century that despite some late strikes by Imran Tahir and an impressive Naveen-ul-Haq, they had the chase within reach at all times.(ESPN Cricinfo)last_img read more