Wednesday’s vote by the upper house of the Brazilian senate to impeach Dilma Rousseff is being seen as a significant step forward for the country, but could well be the end of the road for contrarian investors.
Aviva Investors has advised that its property trust will stay closed to trading for another six to eight months.
A strong performance by Friends Provident International (FPI) saw Aviva’s operating profit from Asia rise nearly 50% for the first six months of 2016 driven in part by strong sales of protection products and retail health schemes in Singapore.
Aviva Investors has named an interim replacement for its Asia Pacific chief executive. BNY Mellon has announced two senior investment services promotions in EMEA, while HSBC Private Bank has named a business head for North America.
The UK-headquartered insurer has set up a financial advisory firm in Singapore called Aviva Financial Advisers, offering advice on a full range of life, health, general insurance, and investment products.
Aviva Investors’ Kevin Talbot outlines the importance of the company’s acquisition of Friends Provident International for the Republic of Singapore, Hong Kong and Australia.
Aviva will have an in-house team of advisers offering face-to-face pensions and retirement advice to customers in the UK by the end of the year.
On her second day as UK prime minister, Theresa May has cleaned house and named her new cabinet. Zurich International Life has appointed a new chief operations officer, while Deutsche Bank has provisionally appointed a chief executive for Asia Pacific.
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
Aviva Investors has named a new chief executive for its French operation, while Axa Investment Managers has boosted its responsible investment team. Overseas Trust and Pension has appointed a managing director, with Pimco adding an emerging markets strategist and a portfolio manager.
Henderson Global Investors and Columbia Threadneedle have announced they have suspended all trading in their respective UK property authorised investment funds (Paifs) and feeder funds, the firms said on Wednesday.
Aviva Investors and M&G Investments have suspended trading in their UK property funds, a day after SLI took the same decision, making it three of Britain’s top five funds in the sector that have shut their doors since the Brexit vote.
