News
Complexity of Asia hinders fund passport schemes
Varying tax and regulatory issues across the region could disrupt the Asia Region Funds Passport initiative, according to Mostapha Tahiri, chief executive and head of asset and fund services for Asia at BNP Paribas Securities Services.
Investment | news 24 May 16
Don’t be afraid to let go of ‘cherished holdings’
The heart wants what it wants, but investors shouldn’t let sentimentality get in the way of the health of their portfolios, cautions Canaccord Genuity Wealth Management.
BNP Paribas to exit Cayman Islands by selling last two branches
French banking giant BNP Paribas is set to pull out of the Cayman Islands, according to local trade group Attac.
Commodities | news 24 May 16
Commodities remain hurdle for US high-yield
Carl Whitbeck, head of US high yield at Axa IM, expects the struggling commodities sector and ongoing uncertainty around future Fed action to lead to greater volatility in the high yield space.
People Moves | news 24 May 16
PEOPLE MOVES: BSI Bank, BlackRock, Aegon…
On what has been a very trying day for Switzerland-headquartered BSI Bank, the company’s chief executive has stepped down with immediate effect. BlackRock has poached its new senior managing director from a Canadian pension fund, while Aegon’s managing director for retail is to retire after 30 years with the company.