PEOPLE MOVES: SLI, Nikko AM, Hargreaves Lansdown
SLI has created a new role focusing on environment, social, and governance investment. Nikko AM added to their global emerging markets team, while Hargreaves Lansdown announced a surprise departure.
Author: Kirsten Hastings
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Global asset management CEOs confident about revenue growth
Despite only 30% of global asset management chief executives expecting the global economy to improve over the next 12 months; 90% are confident or very confident about revenue growth in 2016, rising to 95% when looking at the next three years.
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Axa taps e-commerce firm to expand Africa insurance offering
Insurance and asset management firm Axa is set to become the exclusive provider of insurance products and services through Africa Insurance Group’s (AIG) online retail firm Jumia, as well as via the group’s other online mobile platforms in Africa.
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Best Offshore Solutions takes Mauritius platform global
Mauritius-based international trading platform Gravitas Finance has partnered with Best Offshore Solutions to market and distribute its International Investment Platform (IIP) to IFAs.
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Millennials reluctant investors in the economic recovery
Eight out of 10 wealthy investors across the Americas believes the economic recovery has met or exceeded expectations but remain hesitant to invest, with Millennials the most conflicted.
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BNP’s wealth management division sees surge in net inflows
Good inflows into BNP Paribas’s Wealth Management division, driven by domestic and Asian markets, resulted in annual assets under management growth of 6.8% to €954bn (£728bn, $1.1trn) in 2015.
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Most HNWs to invest more in 2016, says deVere
Three-quarters of high-net-worth (HNW) individuals plan to increase contributions to their investment portfolios in the first half of 2016, according to a poll by the deVere Group.
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BoE unanimously holds rates, cuts growth outlook
In an unexpected move, the Bank of England’s (BoE) entire nine-member rate setting committee voted to hold interest rates at 0.5%, and cut its GDP growth forecast.
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Tax avoidance claims management firm Rebus in administration
Crowdfunded claims management company Rebus, which specialised in pursuing companies for mis-selling investments later deemed to be tax-avoidance schemes, has entered administration.
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PEOPLE MOVES: Amundi, First Names Group, L&G…
As Amundi and First Names Group welcome senior figures, Legal & General is preparing for a departure. Meanwhile, accountancy firm PKF Littlejohn and law firm Fieldfisher have boosted their investment and regulatory offerings with new hires.
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Momentum Pensions adds lower-cost Qrops and Sipp products
Momentum Pensions is extending its product range to include lower-cost solutions for international clients to meet a rise in demand from investors with minimum funds of £20,000.
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ALFI sees Brexit uncertainty but Chinese opportunity
Asset managers with an anchor in Europe most likely won’t be losing too much sleep over the prospect of the UK leaving the EU, but they should still be preparing for the coming uncertainty, says ALFI.