The chief executive of Aegon Central & Eastern Europe is to retire in 2017, with the Dutch insurer announcing additional senior leadership changes. First Names Group has a new managing director of its Singapore business, while Amundi has appointed a deputy director to oversee the merger with Pioneer Investments.
Two fixed income managers, who were suspended last week by Pioneer Investments, have resigned after the company took legal action amid claims they were planning to set up a rival firm.
Amundi is to pay €3.54bn (£2.97bn, $3.74bn) in cash to acquire Pioneer Investments, which it says will make it the eighth largest asset manager in the world.
Global asset management firm Pioneer Investments, has suspended two top fixed income fund managers at its Dublin-based operation, industry sources have confirmed.
Amundi has bolstered its multi-asset leadership, with Moneyfarm banking on industry experience in its CIO and CFO appointments. Deutsche Bank, meanwhile, is looking to innovate with two senior hires.
The sharp jump in global inflation expectations since Donald Trump’s US election success papers over several significant differences in the inflation path for different countries, said Tanguy Le Saout.
French asset management firm Amundi has confirmed its interest in buying Pioneer Investment from Italian bank UniCredit but denied the €4bn (£3.6bn, $4.4bn) bid offer reported in the media.
Adam Rix, director – third party distribution for the Middle East at European asset management giant Amundi, is to leave the company.
The European stock market is actually more volatile than emerging markets, said Amundi’s deputy global head of equities, Alexandre Drabowicz.
Axa Investment Managers has named a global head of product, retail and institutional development, while Old Mutual Global Investors has created a country head position in Italy. Following a battle with cancer, Standard Life’s head of adviser engagement has died.
Amundi has completed its purchase of an 87.5% stake in Kleinwort Benson Investors (KBI) with the company’s management team acquiring the remaining 12.5%.
A deal to merge the fund management businesses of Italy’s UniCredit and Spain’s Santander has officially been called off.
