Industry
Plans for a Chinese ‘super regulator’ relaxed
Plans to amalgamate China’s three financial services watchdogs into a ‘super regulator’ have been cast into doubt with officials saying that the government may keep the China Securities Regulatory Commission (CSRC) as a standalone body.
Deutsche Bank rules out sale of asset management arm
Deutsche Bank chief executive John Cryan has “made it unambiguously clear” that Deutsche Asset Management is still a core part of the business and is not being sold.
Barings merger creates giant global fund
Four MassMutual affiliates have been merged under the Barings brand to create one of the world’s largest asset management organisations with AUM of more than $275bn (£207bn, €245bn).
BlackRock launches ‘megatrends’ ETF range
BlackRock is launching four thematic exchange traded funds to capture what it says are investment opportunities created by global ‘megatrends’.
Bradshaw leaves Old Mutual International
Marcel Bradshaw, sales director for Old Mutual International (OMI), who led the company’s drive to expand its core markets in Hong Kong, Singapore, Latin America, South Africa and the Middle East, has resigned.