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Article: Ayalon Insurance reorganizes long-term savings investments: The company has consolidated the asset management of its life insurance, pensions, and provident funds.

Article from:
Globes
Article date:
June 14, 2007
Copyright

Byline: Ron Stein

Jun. 14--Ayalon Holding Ltd. (TASE: AYAL) is seeking to upgrade its investment management system following the failure of a strategic partnership with Prisma Capital Markets Ltd.. Ayalon recently restructured its investment management and financial system. The measure included the consolidation of all long-term savings investments (life insurance, pensions, and provident funds) into a single investment arm under the management of VP and CFO Ron London.

In early April, Ayalon and Prisma called off negotiations for the setting up of a joint pension asset management company. ...

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