Nigel Green’s son to lead deVere expansion in Europe
International advisory firm deVere Group has unveiled a plan to expand its operations across western Europe and named James Green, son of founder Nigel Green, as its new regional boss.
Asset managers ‘subsidising’ own funds as fee pressures bite
Asset managers have been forced to subsidise their own funds in order to keep fees low despite soaring costs, research from Fitz Partners has revealed.
Praemium board probe clears Ohanessian
The new board of Australia-headquartered platform Praemium has issued a robust rejection of the way newly reappointed chief executive Michael Ohanessian was ousted by the previous directors, after conducting a “comprehensive review of events”.
Five views on Moody’s downgrade of China
Asset managers comment on Moody’s decision to lower China’s sovereign credit rating by one notch to A1 from Aa3, with stable outlook.
Amundi opens Middle East HQ in the DIFC
European asset management giant Amundi has opened a regional office for the Middle East in the Dubai International Financial Centre (DIFC) to service institutional clients across the MENA area.