News
Anglo American shares rocket; Lloyds share sale axed
Anglo American saw its shares rocket 15% on news it has decided to cut around 4000 jobs and increased iron ore production.
Deutsche AWM posts growth as bank struggles
Despite recording its first net asset outflow for seven quarters, Deutsche Asset and Wealth Management (AWM) outperformed the rest of the group; achieving net revenue growth of 14.2% in the fourth quarter, against a decrease of 15.2% for Deutsche Bank Group over the same period.
People Moves | news 28 Jan 16
PEOPLE MOVES: Julius Baer, Legal & General, Emirates NBD…
Swiss private bank Julius Baer named its new chief executive for the UK and Ireland, while Legal & General promoted from within to fill its Cofunds chairman role. Emirates NBD appointed a new wealth management chief investment officer, Vestra Wealth added to its private office, and SBG appointed a new head of lender relationships.
Hansard posts hefty recovery in new business sales
Specialist long-term savings provider Hansard Global has unveiled an impressive 136% growth rate in new business premiums for the three months to December 2015 over the same quarter in 2014, helped by a large investment from its founder Leonard Polonsky.
Survey: Low-yield world seen as the big challenge
A majority of institutional investors want to diversify away from “highly correlated” stocks and bonds and are concerned about meeting long-term liabilities.