PEOPLE MOVES: Eastspring, Meyado, STM Group
Eastspring chief executive’s retirement followed by two senior departures
Eastspring chief executive’s retirement followed by two senior departures
Charges will drop by as much as 43% as firm achieves economies of scale
Long duration funds outperformed in the second quarter of 2018, despite investors’ ongoing concerns around interest rates.
A Wall Street heavyweight has joined Man Group, while BMO Global Asset Management has made three senior hires to bolster its socially responsible investing and Ostrum Asset Management has hired an equity chief investment officer.
BMO Global Asset Management (BMO GAM) has announced the launch of an emerging markets equity fund focused on investing in small companies.
The US airstrike on Syria and disappointing jobs data immediately brought down markets last week, and investment managers are beginning to protect their portfolios against more of the same.
Lombard Odier Group has named two managing partners, with J O Hambro Capital Management confirming the resignation of its former group chief executive. Brewin Dolphin appoints a former Barclays Wealth banker as divisional director.
Markets have displayed an uncanny ability to take political bombshells in their stride but the same may not be true in 2017.
Vanguard has followed BMO Global Asset Management in cutting costs associated with its Hong Kong-listed ETFs with the aim of attracting more capital.
Sanofi and Henkel have faced a fair amount of derision from commentators this week having both issued negative yielding corporate bonds, but could this be a sign or major troubles to come in fixed income markets?
Following a period of medical leave, the head of Deutsche AM is to leave the company in order to focus on his treatment. BMO GAM has named a new chief executive and the departure of its co-chief executive. Recent acquisitions have seen new chief executives appointed at Kleinwort Benson and StarCapital.
On what has been a very trying day for Switzerland-headquartered BSI Bank, the company’s chief executive has stepped down with immediate effect. BlackRock has poached its new senior managing director from a Canadian pension fund, while Aegon’s managing director for retail is to retire after 30 years with the company.