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.
Amundi, Europe’s biggest asset manager, has formally announced that Nesreen Srouji has been appointed as its chief executive for the Middle East.
Amundi announces a high-profile global advisory board, while Pictet names ex-Goldman Sachs director Dominique Joories to head its Singaporean banking unit. Axa reveals Jean-Laurent Granier, the chief executive of the group’s Mediterranean and Latam divisions, will step down next month while prominent figures from the UK’s insurance industry join trade body ABI.
The long-delayed deal between Italy’s UniCredit and Spain’s Santander to merge their fund management businesses has hit a further roadblock, with the Italian bank now on the hunt for a new chief executive.
Oddo & Cie has agreed to sell Kleinwort Benson Investors to Amundi and the KBI management team.
Blackrock now manages more European investors’ money than the next two largest asset managers combined after the US-based asset manager saw strong inflows during the first quarter of 2016, according to data provided by Lipper.
Amundi Asset Management’s first ETF launch in Asia tracks the biggest Hong Kong-listed companies and has a non-China focus.
Amundi subsidiary CPR Asset Management has named a new chief executive, with Cazenove’s new chief investment officer joining from Architas. Northern Trust AM has a new head of Asia Pacific, while the chief executive of newly rebranded Al Hilal is to depart.
Last year saw record inflows into SRI funds yet the choice available is ok at best according to the buyers and potential buyers of said funds.
The expected 10 basis point rate cut by the European Central Bank this week would provide a “big boost” to peripheral sovereign markets such as Italy, according to Tanguy Le Saout, head of European fixed income at Pioneer Investments.
