Amundi appoints new chief executive for Middle East
Amundi, Europe’s biggest asset manager, has formally announced that Nesreen Srouji has been appointed as its chief executive for the Middle East.
Amundi
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PEOPLE MOVES: Amundi, Pictet, Axa, FCA, ABI, UBS, BNY Mellon
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.
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Santander, UniCredit fund management merger on hold
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.
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Amundi buys majority stake in Kleinwort Benson Investors
Oddo & Cie has agreed to sell Kleinwort Benson Investors to Amundi and the KBI management team.
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Blackrock reinforces dominance in European fund industry
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.
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Amundi AM debuts ETF in Hong Kong
Amundi Asset Management’s first ETF launch in Asia tracks the biggest Hong Kong-listed companies and has a non-China focus.
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PEOPLE MOVES: Amundi, Cazenove, Northern Trust…
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.
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ANALYSIS: £715m in ‘ok’ funds is not good enough
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.
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ECB cut would boost peripheral sovereign bonds – Pioneer
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.
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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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Amundi launches pan European multi smart beta ETF
Amundi ETF has extended its smart beta range with the launch of a multi smart beta ETF which offers investors exposure to European equities.
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Amundi: The scene to be seen
Amundi is raising its international profile and targeting expansion, as it looks to enter new markets in Asia, says Christian Pellis, head of external distribution.