The chief executive and chairman of Latin America’s largest independent investment bank, Grupo BTG Pactual, resigned on Sunday after he was jailed the previous week as part of a sweeping corruption probe, reports Reuters.
Nick Phillips, head of international third-party distribution at Goldman Sachs, has devised a partnership model with distributors in order to build a localised presence across the globe.
South Africa’s asset managers need to learn from the UK’s Retail Distribution Review experience and work in partnership with financial advisers when implementing next year’s regulatory changes, according to Brooks Macdonald International’s business development director.
Deutsche Asset & Wealth Management, part of the Deutsche Bank Group, has hired long-standing Middle East expert Albert Trinkl to develop the bank’s business and asset management client base in the region.
Mark Carney has, according to the Sunday Times, told fund managers to prepare for a mass sell-off in stocks and bonds that could be triggered by a Bank of England rate hike.
Independent fund management company Neptune Investment Management has appointed a head of Switzerland as it looks to grow its business in the country.
VAM Funds has entered into a partnership with UK-based Close Brothers Asset Management (CBAM) to meet a rising demand for discretionary fund management services from international advisers.
BNP Paribas Investment Partners has enhanced its multi-asset offering with the recruitment of Matt Joyce as portfolio manager.
Declaring ‘the age of irresponsibility’ over, the governor of the Bank of England has announced plans to extend tough new rules on senior management behaviour to asset managers.
Dexion Capital has launched an alternatives UCITS platform called Dexion Liquid Strategies.
HSBC Global Asset Management, the fund management arm of HSBC, has announced it will offer three new funds built on its flagship World Selection portfolios with charges suitable for the UK defined contribution (DC) marketplace, given the new 75bps charge cap.
A report produced by PwC has revealed 88% of asset management CEOs are confident about revenue growth this year.
