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  • Pioneer Investments chief executive to leave at end of January

    first_imgNeither did they say what Pierri intended to do after leaving Pioneer Investments, and no one was immediately available to comment further.Pierri said he would always think very fondly of his time at Pioneer and wished nothing but the best for the company in the future.Lombardo has worked at Pioneer Investments for 17 years. Banking group UniCredit, based in Milan, has been trying to move Pioneer Investments from its books for some time, in line with the trend for European banks to sell off asset management businesses in the wake of new EU regulation. In September, it was in talks with Banco Santander with a view to merging Pioneer with one of the Spanish bank’s subsidiaries into a large asset management business. Sandro Pierri, the chief executive of Pioneer Investments, is stepping down at the end of January next year and will be replaced by his deputy Giordano Lombardo.Pierri has worked for the investment manager, owned by Italy’s UniCredit, for 11 years, having been at the helm for the last two and a half years.Federico Ghizzoni, chief executive of UniCredit, said: “Pioneer produced excellent investment results and robust net inflows owing to Sandro’s strategic focus and disciplined execution.”Pioneer Investments and UniCredit said in a joint statement that Lombardo, currently deputy chief executive and CIO, would “ensure continuity leadership for Pioneer’s business during this phase”, but did not say whether he would be appointed as permanent chief executive of the subsidiary.last_img read more

  • UK roundup: ITV in discussions over contingent asset deal

    first_imgITV is in discussions with its pension scheme trustees over the potential sale of London Television Centre, which was pledged to the scheme as a contingent asset in 2014.In a third-quarter trading statement published yesterday, the UK broadcaster said it was negotiating with trustees of the £3.9bn (€4.5bn) scheme regarding the provision of a “suitable equivalent asset”.“The proceeds of the sale of the South Bank site could be used to replace the £50m asset security and to reduce ITV’s net debt position,” the company stated.ITV also reported a net surplus of £9m for its defined benefit (DB) arrangements as of 30 September. This marked a £77m fall in the surplus from the end of June. BNY Mellon has secured its position as custodian for RPMI Railpen, one of the largest pension funds in the UK.It was reappointed after a competitive tendering process, according to a press release. It has been a provider to the £28bn multi-employer scheme for 22 years.Paul Nathan, chief operating officer at RPMI Railpen, said: “Through a major transformation programme at Railpen, as we bring significant asset management capability in-house, BNY Mellon has demonstrated not only the quality of its service proposition but also its flexibility and professionalism.“A robust operating model is essential to ensuring that Railpen continues to meet its mission to pay pensions, securely, affordably and sustainably. We are very pleased BNY Mellon will be supporting us with this over the coming years.” The company’s contribution schedule was agreed based on a 1 January 2017 valuation, when the scheme had a £470m shortfall. As such, ITV said it expected to contribute roughly £80m to the pension scheme this year and £75m next year.DB consolidator appoints service providers ahead of launchClara Pensions, a commercially backed consolidator for UK DB pension schemes, has appointed several third-party service providers as it prepares to reveal its first clients.Consultancy group Hymans Robertson has been appointed as the company’s actuarial adviser, having been advising the Clara team on several areas since the beginning of 2018.Eversheds Sutherland has been chosen as legal adviser to the company’s independent trustees, while CMS will continue as Clara Pensions’ legal adviser, a role it has had since last year. Ross Corporate Services, a London-based governance specialist, has been named as scheme secretary.RPMI Railpen reappoints BNY Mellon as custodianlast_img read more

  • Roxas City uses ‘scare tactic’ to instill ‘new normal’ protocols

    first_imgRCC officer-in-charge Lorelie Suelo said the initiative aims to instill among the violators the serious consequences of not wearing face masks. Over a radio interview, she also appealed to the parents of the violators to guide their children amid the COVID-19 pandemic. With a casket on the background, local authorities lecture different violators of the general community quarantine at the Roxas City Crisis Center on May 4. Majority of the violators were 20-year-olds and below. UPOD KITA RONNIE DADIVAS For his part, Roxas City Communications Group head Melvin Galagate said that police authorities will not hesitate to arrest and discipline the violators, especially since their operation is based on existing local ordinances.First time violators will only get a lecture and warning, while succeeding offenses will involve fines or imprisonment or both.(With a report from PIA/PN) ROXAS City – A replica of a casket at the Roxas City Crisis Center (RCC) surprised violators of curfew, of wearing face mask and of social distancing as they were temporarily gathered by authorities there for a lecture regarding new normal protocols and were given warnings about the deadly coronavirus disease 2019 (COVID-19).“You may end up inside if you will continue to violate health protocols,” a message posted on the corners of the casket said.About 150 individuals here were nabbed on May 3 and 4. Majority of them were from ages 20 and below.People of those ages require special quarantine pass when going in public places as stipulated in Gov. Esteban Evan Contreras’ Executive Order No. 16, which puts this province under general community quarantine from May 1 to 15.According to local radio stations, those without face masks were given by the local government unit here before they were sent home.Aside from the city and the provincial government, the Department of the Interior and Local Government’s Memorandum Circular No. 2020 – 071 also requires wearing of face masks or other personal protective equipment while in public places.last_img read more

  • Ecstatic Atanda Inspires Hapoel to ‘sweet victory’

    first_imgRead Also: Messi, Suarez bid goodbye to Vidal ahead of Serie A switch“This is a good victory that will take us far this season, a victory by all means, we fought hard and fought back. I think we need more victories like this against more teams.”“Well, I have always been confident about my ability and the coach always believes in me, that is why I have the chance to partner my able team mates in the defence, it’s all about hardwork and determination, we want more victories and we will be ready to continue the fight.” Nigeria international, Sodiq Atanda played a starring role as Hapoel Kfar Saba came from one goal behind to beat Bnei Yehuda 3-1 at Levita Stadium in Israel on Monday night. The visitor took the lead in 10 minutes through Ben Shimon sensational goal, but the home team defence marshal by former Nigeria U-23 defender, Atanda was in top form to safeguard the defence line. His effort was instrumental against the opposition attack on numbers of occasions.Advertisement FacebookTwitterWhatsAppEmail分享 Omer Fadida’s 62nd –minute goal restored the parity before scoring the winning goal at 76th minute to complete a brace in the encounter. Bnei Yehuda attack became stronger after the home team took the lead but Atanda’s effort proved numbers of chances abortive. Loading… Promoted ContentBirds Enjoy Living In A Gallery Space Created For Them10 Risky Jobs Some Women DoTop 10 Most Romantic Nations In The World8 Superfoods For Growing Hair Back And Stimulating Its GrowthBest & Worst Celebrity Endorsed Games Ever MadeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreTop 7 Best Car Manufacturers Of All Time5 Of The World’s Most Unique Theme Parks8 Best 1980s High Tech GadgetsThe Highest Paid Football Players In The World7 Universities In The World With The Highest Market Value20 Amazing Facts About The Daenerys Of The House Of Targaryen Shay Mazor was booked twice and left the pitch at 75th minutes of the game. The hope of the visitor was lost after Or Amir Rustom got his second booking and reduced Bnei Yehuda to 9-men while the home team took the advantage to make it 3-1 through Or Dasa at 90th minute.Speaking shortly after the game, the 27-year-old versatile defender is delighted earning the maximum point against dangerous Bnei Yehuda.“It was a sweet victory, we played with maximum determination to equalise and win the match, it was a thrilling encounter between the two teams but I am very happy to see my team coming back stronger. It was a collective victory for the entire fans of the club,” said Atanda after the game.“They were very technical and sharp, they took the lead but we were focused and determined to equalize before the half-time but we couldn’t because of their own style of play.”last_img read more

  • Suspended ban and fine for Townsend

    first_imgTottenham winger Andros Townsend has been banned from all football and football activity for four months, three of which are suspended, after breaching betting regulations. An independent regulatory commission hearing imposed the sanction, which has been backdated to May 23 when he voluntarily withdrew from the England Under-21 squad. However, a statement released by the Football Association revealed that the three months of the ban have been suspended until July 1 2016. Press Associationcenter_img They will be automatically invoked upon a proven breach of the FA’s betting rules during that period. “Townsend, who was also fined £18,000, was charged for breaches of FA Rule E8(b) for misconduct in relation to betting, which he admitted and requested a personal hearing,” read the statement. With Townsend’s ban effectively reduced to one month, the 21-year-old will be available for the start of the 2013-14 Barclays Premier League season. He spent a successful loan spell at QPR, arriving at Loftus Road in January, and while the club were relegated he received frequent praise from manager Harry Redknapp. Once the FA had charged him with breaching their betting regulations, he pulled out of England’s squad for the European Under-21 Championship in Israel and was replaced by Birmingham’s Nathan Redmond. Townsend was not accused of betting on matches he had any involvement in, but the FA operates strict rules that forbid gambling on a wide spectrum of games. Townsend used his Twitter account to say he would not appeal the sanctions. “Following a personal hearing at the FA and the statement issued today, I fully accept the disciplinary action and shall not be appealing,” Townsend wrote. “This has been a regrettable experience from which I fully intend to come back stronger…now I’m fully focused on returning to football during pre-season & determined for this indiscretion to not tarnish my career moving forward.” last_img read more

  • Wimmer reveals Spurs pride

    first_imgTottenham new boy Kevin Wimmer said he felt “very proud” after enjoying for his first day as a Spurs player on Monday. The 22-year-old Austria centre-back, who joined the north London club for £4million from Cologne in late May, underwent routine pre-season medical testing after arriving at Hotspur Way on Monday morning. Wimmer then trained with his new team-mates for the first time before speaking of his pride and his hopes for the future. “It was always a dream for me to play for a club like this and to play in the Premier League,” he said on www.tottenhamhotspur.com “Now I’m here, to start training at such an amazing training centre, it’s a very good feeling. For a footballer, it can’t be better. “It was such a good feeling to wear my new kit, with the Tottenham Hotspur logo, it makes me very proud. “My first training session was very tough, but this is what pre-season is about!” Despite finishing fifth and qualifying for the Europa League, Mauricio Pochettino’s side had the joint-fifth worst defensive record in the Barclays Premier League last term, conceding 53 goals in 38 matches. Wimmer added: “I’m really looking forward to the season because I’m enjoying it already on my first day. My team-mates have all welcomed me – they are all very nice and this is going to be a very good time for me.” center_img Press Associationlast_img read more

  • 5 things the new Aston Villa boss must sort out

    first_img 1. Work within the current system Tim Sherwood admitted all of the 13 summer signings were not completely his call and there was internal tension at the club. Director of scouting and player recruitment Paddy Riley and sporting director Hendrik Almstadt are in the spotlight following their roles in transfers and any manager will have to work within Villa’s current system. It was clear Sherwood felt uncomfortable in this situation and he was never as ‘on message’ as previous boss Paul Lambert who would always deflect sensitive questions. It is unlikely Villa will make further wholesale changes to their structure after getting rid of Sherwood, assistant Ray Wilkins and first-team coach Mark Robson – even if questions remain over its suitability. Any new manager must be content with working with Riley and Almstadt although the pressure will also be on the duo following Villa’s failed summer transfer business. 2.Harness under-performing players Villa lost their four most influential players over the summer in Christian Benteke, Ron Vlaar, Fabian Delph and Tom Cleverley. David Moyes, Nigel Pearson and Brendan Rodgers have all been linked to the vacant post at Villa Park, where the fans have not seen a Premier League victory this season. Here, Press Association Sport looks at five things the new boss must address to save the club. Press Association They replaced them with several overseas imports as Tim Sherwood failed in moves for proven Premier League players Emmanuel Adebayor and Aaron Lennon. Idrissa Gana has impressed in spells while Jordan Ayew and Jordan Amavi could be valuable but they need to get up to speed in England. But Gabby Agbonlahor has been anonymous on the pitch for months and Jack Grealish, for all the hype, is yet to consistently make his mark. Villa need their top players to perform. 3. Solve the Joleon Lescott problem The defender was one of Sherwood’s original targets and he finally signed him from West Brom on deadline day. But the former Manchester City defender has looked a shadow of his former self and has twice been replaced at half time in recent weeks. He was also at fault, along with Brad Guzan, for Chelsea’s opener in Villa’s 2-0 defeat at Stamford Bridge earlier this month. Ciaran Clark and Jores Okore are returning to fitness and Lescott’s place will be in danger and it would not be a surprise to see the ex-England star dropped unless a new manager can inspire him. 4. Return Villa Park to its former glory Villa have suffered at home so badly it is hard to believe how they have survived with such wretched form. They have just 82 points from their last 81 league games at Villa Park. That is just 82 points from a possible 243. The club are winless at home in the Barclays Premier League this season and Saturday’s 2-1 defeat to Swansea was symptomatic of the failings which four managers have failed to address. Villa Park is no longer a ground which opposition fear. 5. Unite the club Aston Villa were in trouble long before Sherwood arrived to save them from relegation last season. Since Martin O’Neill resigned on the eve of the 2010-11 season they have been on a downward spiral which Gerard Houllier, Alex McLeish, Paul Lambert and now Sherwood have failed to fix. It has been a toxic atmosphere at times with fans questioning chairman Randy Lerner’s enthusiasm for the club and their overall direction. Lerner rarely attends games while chief executive Tom Fox has limited his press appearances and contact. There needs to be a definitive message from the top and the new boss will be in a position to give it. Tim Sherwood was sacked as Aston Villa manager on Sunday, and just hours later the club was bottom of the Barclays Premier League after Sunderland’s 3-0 victory over Newcastle.last_img read more

  • Kiren Rijiju: India should be in top 10 medals tally by 2028 Olympics

    first_img First Published: 11th October, 2019 14:57 IST Last Updated: 11th October, 2019 14:57 IST Kiren Rijiju: India Should Be In Top 10 Medals Tally By 2028 Olympics Kiren Rijiju, the Union Minister of Youth Affairs and Sports urged the private sector and industry to play an active role in promoting fitness in the country. Jatin Malu LIVE TV Kiren Rijiju, the Union Minister of Youth Affairs and Sports, urged the private sector to play an active role in promoting fitness in the country. He said that all the nations who are sporting power, have the sports culture there, and playing games comes naturally to their citizens and children but in India, this was not true. Now the time has come to change. He also said that desired results can’t be achieved without developing a positive and conducive sports culture. “Sporting culture has to become a way of life. India is aspiring to be a global leader, and we are already doing well in the economy, politically, and spiritually. India’s rise will be complete and further consolidated if we become a sports power,” Rijiju was quoted as saying by PTI. ALSO, READ | Furious Pakistan Fan Punches Sarfaraz’s Cut-out, Snaps Its ‘head’ OffRijiju said that 1.3 billion people of the country are its strength. So far, the primary concern of the family has been the financial security of the children, and hence the sports was not being encouraged. But now, changes are taking place. These can’t be achieved overnight. ALSO, READ | Sachin Tendulkar Gives Suggestions To Revive Mumbai’s Cricket GloryHe also stressed on the need to change our outlook. He said that the sports ministry is doing the needful to provide world-class facilities to the athletes. Rijiju also appreciated Prime Minister Narendra Modi and the ‘Fit India Movement’ which the PM launched on the occasion of National Sports Day. He said how well the movement was received by the people.ALSO, READ | Yuzvendra Chahal Wishes Virat Kohli As He ‘hits 50’ As A SkipperEmphasis on fitness and sports:He also spoke about emphasis on fitness and sports. The sports minister said that we have to move from curative to preventive mentality, and fitness leads to prevention to a number of disorders and diseases. The World community is looking forward to India, and the government, as well as the industry, has to play a pro-active role in it. We have to take a fitness programme forward to all the parts of the country.Thinking aloud, he stated why should the country be settling for a few medals in international events. He said when India celebrates its 75th year of independence in 2022, the country should be fit. “2020 Olympics is too near but by 2024 or in 2028, India should be in top 10 in the medals tally. It is our target. If India cannot do this, I will feel my becoming Sports Minister is of no use,” Rijiju concluded.ALSO, READ | Steve Smith Out For Duck At The Gabba, Netizens Call It A Net Session WATCH US LIVEcenter_img SUBSCRIBE TO US COMMENT Written By FOLLOW USlast_img read more

  • How Kawhi Leonard made load management an NBA debate

    first_img Clippers hope they can play to their capabilities, quell Mavericks’ momentum What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 Of course, it’s easier to lighten a player’s workload at practice than in games.The league can fine a team $100,000 for resting a healthy player in a high-profile game and, moreover, the NBA is a highly competitive workplace where any disadvantage hurts, even if that pain might be outweighed by a long-term benefit.“We really haven’t been a position to necessarily take games off,” Stotts said. “If a guy is injured or needs to take a game off, then we do, but we don’t go look at the schedule and plan days off.”It turns out the Clippers are, in fact, resting Leonard in an effort not to exacerbate an “ongoing injury to the patella tendon in his left knee,” the NBA reported in a news release Thursday, when it also announced that it was fining the Clippers $50,000 for statements it deemed inconsistent with Leonard’s health status.Leonard said he was “shocked” by the league’s revelation about his health, but he confirmed that doctors discouraged him from playing back-to-back games.His teammates say they understand and appreciate that.“He’s a pro, he has to take care of himself,” said Montrezl Harrell, the Clippers’ seemingly indestructible center who played all 82 regular-season games last season. “No matter if he’s in the rotation or not, we have to be the same basketball team.”Related Articles Part of the debate over load management seems to be a debate over what load management actually is.Lately, it’s come to be recognized as a classification for missing a game – e.g. “Kawhi Leonard is out because of load management” – but the concept of monitoring a player’s workload isn’t new and doesn’t, on its own, necessitate a DNP.Part of Clippers coach Doc Rivers’ load management strategy this season includes pacing some of the team’s veterans in practice, including limiting Lou Williams and Patrick Beverley prior to this week’s set of back-to-back games.But that’s hardly cutting-edge thinking: “Coaches have been resting guys in practice for – when did I retire? – coaches have been resting guys at practice for 21 years,” Rivers said before Wednesday’s loss, minus a load-managing Leonard, to the Milwaukee Bucks. “It’s not just the Clippers,” said Milwaukee Bucks coach Mike Budenholzer, who’s responsible for maintaining the health of reigning league MVP Giannis Antetokounmpo, who missed 10 games last year on account of an ankle sprain or ailing calf.“A lot of teams are considering and doing things to make sure their whole roster is healthy,” Budenholzer said. “We try being efficient in practice, we try and be conscientious of how much contact we have or don’t have. Probably more days we have what we call ‘body days,’ where they’re really just days devoted to taking care of their health, whether it be lifting or massages or cold tubs or hot tubs and putting the ball down for a day.”The Portland Trail Blazers take a similar approach at practices, Coach Terry Stotts said.“I don’t know where load management always means taking games off,” Stotts said before Thursday’s 107-101 loss to the Clippers. “We monitor our players and are very aware of where they are physically and take that into account with our scheduling.“We have a health and performance staff. We got all the analytics and studies and we’re very aware of – if you want to call it load – we’re very aware of each player’s load and we manage that. So I guess that’s load managing.” That said, when Harrell was asked whether he’d be receptive to a load management schedule to avoid wear and tear, he bristled: “I’m not one of those players, man. You’re asking the wrong man.”Harrell’s running mate, Lou Williams, said he won’t raise his hand to ask for a game off, either.“That’s up to the coaches. My job as a player is to step out on the floor and compete if I’m healthy enough to play,” said the 33-year-old Williams, who is averaging a team-high 31.4 minutes per game this season with Paul George (shoulders) set to return to full practice for the first time Saturday and Leonard having missed two games.“Other than that,” Williams said, “they’ll make decisions on who steps out and who doesn’t play as far as the load management stuff goes.”center_img Newsroom GuidelinesNews TipsContact UsReport an Error Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory last_img read more

  • Anaheim Ducks goaltender John Gibson to wear Kobe Bryant-inspired mask vs. Lightning

    first_imgThe Ducks released images and video of the mask hours before Friday’s contest. Gibson’s headwear features the Nos. 24 and 8, which Bryant wore during his 20-year career with the Los Angeles Lakers, as well as a silhouette of the basketball superstar and Gianna. The names of the seven other victims of the tragedy surround the silhouette, and a portrait of Bryant’s face is superimposed on the Ducks’ logo on the top of the helmet.Anaheim Ducks’ goalie John Gibson is wearing a Kobe Bryant-inspired mask in tonight’s game against Tampa Bay. pic.twitter.com/XGQd6lXPMW— Sporting News Canada (@sportingnewsca) January 31, 2020The Ducks also honored the victims during their 4-2 win over the Arizona Coyotes on Wednesday, with a video tribute and 24 seconds of silence observed at the Honda Center.“That’s just an unbelievable tragedy for all those families,” Ducks coach Dallas Eakins said after Wednesday’s game. “Kobe Bryant has had an unbelievably positive influence on Southern California and to honor him tonight, I thought that was incredible from our players and our organization and most importantly those fans up there. It was very surreal and somber and humbling standing on that bench.” The Anaheim Ducks will look a bit different Friday night when they host the Tampa Bay Lightning, but goaltender John Gibson is taking it one step further in the wake of Sunday’s tragic helicopter accident that took the life of Kobe Bryant.While Gibson will be wearing the Ducks’ third jersey like the rest of his teammates, the 26-year-old netminder will also be donning a custom mask in tribute of Bryant, his daughter Gianna, and the seven others who died in Sunday’s accident. MORE: Lakers stars James, Davis honor Kobe Bryant with new tattooslast_img read more