Schroders launches US focused wealth management company

Schroders launches US focused wealth management...

Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.

Published : 26, Jun 2017
Pioneer CEO to leave as Amundi unveils new merged structure

Pioneer CEO to leave as Amundi unveils new merged...

Pioneer Investments' group chief executive Giordano Lombardo is to depart after the completion of its acquisition by Amundi Asset Management on 3 July, as part of a raft of structural changes impacting more than 30 countries.

Published : 23, Jun 2017
PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva

PEOPLE MOVES: BlackRock, Deutsche Bank, AvivaLock icon

BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.

Published : 23, Jun 2017
BlackRock claims stake in European robo-adviser

BlackRock claims stake in European robo-adviser...

BlackRock has acquired a significant minority stake in digital investment manager Scalable Capital.

Published : 20, Jun 2017
PEOPLE MOVES: Cazenove Capital, Legg Mason, Investec AM

PEOPLE MOVES: Cazenove Capital, Legg Mason, Investec...Lock icon

Schroders’ Cazenove Capital has appointed a UK chief executive, while Legg Mason has named a head of UK sales. Investec Asset Management has raided Threadneedle for a portfolio manager for its UK smaller companies fund.

Published : 20, Jun 2017
Standard Life and Scottish Widows 'in merger talks'

Standard Life and Scottish Widows 'in merger talks'...

Edinburgh life and pension rivals Standard Life and Scottish Widows are reportedly in merger talks, with an agreement potentially following swiftly on the heels of Standard Life’s £11bn deal with Aberdeen Asset Management.

Published : 19, Jun 2017
PEOPLE MOVES: Barings, BNP Paribas, PraxisIFM

PEOPLE MOVES: Barings, BNP Paribas, PraxisIFMLock icon

Baring Asset Management’s heads of EMEA wholesale distribution and global marketing have left the business. BNP Paribas AM has a new Asia Pacific head of institutional sales and currencies portfolio manager. Channel Islands-based PraxisIFM is focusing on client risk with its latest promotion.

Published : 16, Jun 2017
Guernsey regulator fines and bans directors for incompetence

Guernsey regulator fines and bans directors for...Lock icon

Two current and one former director of Guernsey-based Capital Solutions Limited have been fined and banned by the island’s regulator for serious lack of competence and judgment.

Published : 16, Jun 2017
Indosuez Wealth Mgt to buy Singapore and HK private bank

Indosuez Wealth Mgt to buy Singapore and HK private...

Indosuez Wealth Management has started exclusive discussions with Credit Industriel et Commercial to acquire its private banking operations in Singapore and Hong Kong.

Published : 16, Jun 2017
US asset manager PGIM targets key European markets

US asset manager PGIM targets key European markets...

PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.

Published : 15, Jun 2017
Coram AM buys DFM ahead of managed portfolio service launch

Coram AM buys DFM ahead of managed portfolio service...

Coram Asset Management has acquired Bath-based Minerva Fund Managers ahead of the launch of seven model portfolios.

Published : 15, Jun 2017
PEOPLE MOVES: UK govt, Killik & Co, Australian Tax Office

PEOPLE MOVES: UK govt, Killik & Co, Australian...Lock icon

UK prime minister Theresa May has reshuffled her cabinet as uncertainty mounts over how long the Conservative Party can hold on to power. The deputy Australian Tax Office commissioner has resigned after being being caught up in a fraud scandal, while Killik & Co has appointed a head of wealth planning.

Published : 13, Jun 2017
Deutsche Bank wealth arm eyes super-rich in Asia, Middle East

Deutsche Bank wealth arm eyes super-rich in Asia,...

Deutsche Bank Wealth Management is hiring 100 client managers around the world in a bid to target the ultra-wealthy, particularly in Asia and the Middle East.

Published : 13, Jun 2017
ANALYSIS: Margin pressure points to more fund group M&A

ANALYSIS: Margin pressure points to more fund...

The headlines say fund groups’ profits fell, but what else can we learn from McKinsey & Company’s Asset Management 2017 report into the European funds industry?

Published : 12, Jun 2017
PEOPLE MOVES: SEC, First State, Ashburton

PEOPLE MOVES: SEC, First State, AshburtonLock icon

The US regulator has appointed co-directors of its Enforcement Division, while First State Investment is losing its head of global resources and Ashburton Investments bolsters its multi-asset team.

Published : 9, Jun 2017
Holborn Assets ‘temporarily’ ceases all regulated UK activities

Holborn Assets ‘temporarily’ ceases all regulated...Lock icon

Holborn Assets Ltd has applied to the Financial Conduct Authority to temporarily cease all of its regulated activity with immediate effect, but has no plans to close its UK operations, managing director Christopher Wicks confirmed to International Adviser.

Published : 8, Jun 2017
PEOPLE MOVES: Mirae Asset Life, HSBC, Schroders

PEOPLE MOVES: Mirae Asset Life, HSBC, Schroders...Lock icon

Mirae Asset Life Insurance’s chief executive has resigned and been replaced by one of the company’s vice presidents. HSBC has created a head of financial crime compliance role for its Channel Islands and Isle of Man operations, while Schroders has appointed a head of multi-asset product for north Asia.

Published : 6, Jun 2017
Tilney’s ‘landmark' acquisitions sees assets surge by 138%

Tilney’s ‘landmark' acquisitions sees assets surge...

Tilney Group ended 2016 with more than twice as many advisers and assets under management of £22.4bn ($28.9bn, €25.6bn) after acquiring wealth manager Towry and UK-based Ingenious Asset Management.

Published : 6, Jun 2017
Top unusual insurance requests from the rich and famous

Top unusual insurance requests from the rich and...

An ornamental Formula One car, a life-sized dinosaur statue and a Star Wars collection are some of the more unusual insurance requests that Aviva has handled over the past 10 years.

Published : 2, Jun 2017
PEOPLE MOVES: Schroders, Janus Henderson, Principal

PEOPLE MOVES: Schroders, Janus Henderson, Principal...Lock icon

Schroders is losing two fund managers who are setting up their own boutique. Janus Henderson has created two senior international distribution roles, while Principal Global Investors is focusing on UK fund distribution with its latest hire.

Published : 2, Jun 2017

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