UK sales head Benton exits State Street

first_imgAndrew Benton has left State Street Global Advisors (SSGA) barely 18 months after joining the $2.7trn (€2.3trn) fund manager, IPE has learned.Benton, who joined in March 2017 as head of UK institutional business, departed last week, according to sources close to the firm.SSGA declined to comment and Benton could not be reached by IPE.Benton joined the firm to replace Mark McNulty, who had held top roles at SSGA from 2006 until the end of 2016. Benton had previously led international sales and client service at Baring Asset Management. State Street has reshuffled its European leadership over the past 12 months, bringing in Miles O’Connor – former head of institutional for Europe, Middle East and Africa (EMEA) at Schroders – to a newly created sales role in January this year.In July 2017, the company announced that Mike Karpik, who had led its asset management arm in the EMEA region since 2012, would leave after a 19-year State Street career. He handed the chief executive role to Cuan Coulter, former chief compliance officer for the global State Street Corporation.On Friday, the company announced its profit had risen 13% in the third quarter of the year, with total revenue increasing by 3.7% to $2.95bn. Credit: Garrett A WoolmanState Street Corporation’s headquarters, Boston, Massachusettslast_img read more

India temple treasure petitioner Sundar Rajan dies

first_img Share Share FaithLifestyle India temple treasure petitioner Sundar Rajan dies by: – July 17, 2011 Sharing is caring! Sharecenter_img Tweet 53 Views   no discussions Much more treasure is believed to still lie undiscovered in the temple vaultsThe man who led a legal battle which led to the recent discovery of treasure worth billions of dollars in an Indian temple has died at the age of 70.Sundar Rajan, a retired police officer and lawyer, petitioned for the vaults of the 16th Century Sree Padmanabhaswamy temple in Kerala to be opened.Inside, investigators found gold and silver jewellery and precious stones which had been hidden for decades.The family of 70-year-old Sundar Rajan said he died after a brief illness.“The strain of the past few weeks proved too much for him to bear,” a family friend was quoted as saying by India Today.Local legend had long held that vast riches had been interred in the walls and vaults of the temple by the Maharajahs of Travancore over many years.Sundar Rajan went to the Supreme Court asking that the state take over control of the temple, saying the current temple trust were incapable of protecting the wealth inside.The court ordered an inspection of the temple vaults and when inspectors broke through, they found huge amounts of treasure including diamonds, jewellery, pots and gold coins.Five of the vaults have been opened and the contents itemised, but a sixth and more secure vault remains closed while officials determine how best to keep the items safe.Historians say it is almost impossible to assess the value of the objects, but officials have said it could be more than £12bn ($20bn).Neither the state of Kerala nor the descendants of the Travancore royal family have made any claim on the treasure, which they say is the property of the temple and its deity.But the discovery has sparked a public debate, with many believed the items should be put in museums or sold and the profits used for the public good.Security has since been stepped up at the temple, which is now one of the richest in the world.BBC Newslast_img read more

Shawcross earns Potters victory

first_img The hosts went 1-0 down in the 31st minute when their slack play at the back allowed Marouane Chamakh to score on his first Palace start. Charlie Adam equalised in the 58th minute, dispatching a shot beyond Julian Speroni from Jon Walters’ pass. Press Association Stoke came from behind with two goals in four minutes against Crystal Palace to ensure Mark Hughes’ first home game in charge of the Potters ended in a 2-1 victory. The hosts almost found an immediate reply as Crouch rose to get his head to Adam’s delivery and sent the ball against the bar. Palace were soon back on the attack, though, with Dean Moxey flashing an effort across the face of goal and narrowly wide. Jose Campana then looped a free-kick over the bar as the visitors finished the first half strongly. Stoke began the second period looking intent on getting themselves back in the game and within two minutes of the restart another good chance was missed by Crouch, with the striker completely miscuing an attempted header from a corner. Steven Nzonzi did not do much better in skewing a shot wide five minutes later, but Stoke kept up the tempo and Jon Walters’ produced an improved effort, lifting the ball over the bar. The equaliser duly arrived soon after as Walters received the ball from Crouch’s header and laid it to Adam, who placed it past Speroni into the net. Stoke’s momentum then swiftly yielded another goal as Huth and Shawcross made amends for their earlier sloppiness. Good perseverance in the box from the former saw the ball break for Shawcross to smash it home. Jason Puncheon went close to scoring a quick leveller, bursting into the box and unleashing a strike which Begovic slowed with a finger-tip at full stretch before smothering. Stoke then nearly added to their tally as Nzonzi lashed the ball against the post. Palace remained full of belief and after substitute Kevin Phillips had shot wide, Gayle was off-target with an ambitious volleyed attempt. Gayle also produced another unsuccessful shot in stoppage time as Stoke held on for the win. And Ryan Shawcross – who had been outmuscled by Chamakh in the build-up to the visitors’ goal – then netted what proved to be the winner in the 62nd minute, firing in when the ball ricocheted his way in the area. The result provided Hughes with his first points since being appointed as Stoke boss over the summer, and his first Barclays Premier League win since May 2012, when he was manager at QPR. Both Stoke and Palace were looking to bounce back from 1-0 defeats on the opening weekend of the season, and it was the home side who started the contest most brightly. Adam drilled a low shot from outside the box into the arms of Speroni in the sixth minute and the Potters continued to pressurise, winning three corners in quick succession but not being able to make anything of it. Dwight Gayle tried his luck at the other end in the 16th minute with a strike that Asmir Begovic got down to save, and Palace fans then appealed for a penalty when Joel Ward went down in the area under the attentions of Matthew Etherington, but referee Andre Marriner judged there had been no foul committed. Peter Crouch passed up an opportunity to put Stoke ahead in the 21st minute, nodding Etherington’s cross over the bar from inside the six-yard box. Palace had steadily been growing into the contest and just after the half-hour mark, they snatched the lead as Chamakh made the most of some poor Stoke defending. Alongside Shawcross, Chamakh chased a long ball which had been lofted forward by Damien Delaney, shrugged off the Potters defender with relative ease, cut inside – fooling Robert Huth – and slammed a shot past Begovic. last_img read more