Helmut Cardon, investment strategist at the €16.2bn ($20bn) Shell pension fund in the Netherlands, is to join Morgan Stanley in Amsterdam next month.

Cardon, who will join the US bank at the beginning of May, will be working with the European pensions group in Amsterdam.

Shell pension manager goes to Morgan Stanley

Renée Schultes

Morgan Stanley

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The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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