Industry
Morgan Stanley launches factor-based US Sicav
Morgan Stanley Investment Management, the asset management arm of Morgan Stanley, has launched a factor-based US fund providing European investors access to its applied equity advisers team for the first time.
Julius Baer buys Commerzbank’s Luxembourg private bank
Swiss private banking group Julius Baer has completed its acquisition of Commerzbank International S.A Luxembourg (Cisal), a fully-licensed private bank located in the Duchy.
People Moves | 5 Jul 16
PEOPLE MOVES: Friends Provident, Old Mutual, Legal & General
Friends Provident International and Old Mutual Global Investors have announced senior appointments in Asia. Legal & General Investment Management has created a new head of wealth management role and Axa IM has boosted its UK distribution efforts with its latest recruit.
UK fund trade body working to improve fee disclosure rules
The UK’s Investment Association (IA) has assembled an independent advisory board of established industry figures to create a standardised disclosure framework for investment costs.
Gibraltar, Cayman sign MoU on alternative investment funds
The Gibraltar Financial Services Commission (GFSC) has signed an agreement with the Cayman Islands Monetary Authority (Cima) on the oversight of alternative investment fund managers.