Wealthy have growing appetite for private equity investment
A low return environment is fuelling appetite for private equity and real estate funds, according to research by BNP Paribas Wealth Management.
BNP Paribas
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PEOPLE MOVES: Saga, Old Mutual and RWC Partners
Two Old Mutual big hitters said they would step down from the business, while RWC Partners boosted its European distribution presence with a hire from Daiwa, one of the largest brokerage and financial services groups in Japan.
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PEOPLE MOVES: Globaleye, Carrick, Fidelity
Globaleye’s head of business development resigns, Carrick appoints a strategic projects director to its board and Fidelity hires an ex-Pioneer man in the newly created role of global head of product.
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Will inflation remain absent?
During almost a decade of experimental monetary policy from central banks, inflation has been notable by its absence across most economies. With monetary policy beginning to diverge and unemployment falling, will it rear its head again or has it peaked?
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PEOPLE MOVES: Old Mutual Int’l, Schroders, Aviva Investors
Old Mutual International appoints for a Singapore wealth push, a veteran at Schroders announces his retirement and Aviva Investors has hired two Asian fixed income specialists.
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PEOPLE MOVES: Aegon Life, Deutsche AM, BNP Paribas
Aegon Life in India has a new chief executive, Deutsche Asset Management has hired its global head of equity from Credit Suisse and BNP Paribas has created a head of institutional sales role for the UK and Ireland.
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BNP Paribas AM buys majority stake in Belgian robo-adviser
BNP Paribas Asset Management has acquired a majority stake in Gambit, a Belgian fintech firm that will become the preferred partner for robo-advisory solutions for BNP’s retail and wealth management networks.
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PEOPLE MOVES: White House, Legal & General, DIFC
Political firework Anthony “the Mooch” Scaramucci may return to the investment world after being fired as White House communications director. Legal & General Insurance has created a managing director role focusing on fintech, while a former deputy chief justice of the DIFC court has died.
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PEOPLE MOVES: BNP Paribas AM, Neuberger Berman, Hawksford
BNP Paribas Asset Management has hired a new head of client sales for its marketing division and Neuberger Berman has a new Chinese equities portfolio manager. Meanwhile, Minerva Trust’s Wendy Inns is set to rejoin Hawksford after two years away from the company.
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PEOPLE MOVES: Barings, BNP Paribas, PraxisIFM
Baring Asset Management’s heads of EMEA wholesale distribution and global marketing have left the business. BNP Paribas AM has a new Asia Pacific head of institutional sales and currencies portfolio manager. Channel Islands-based PraxisIFM is focusing on client risk with its latest promotion.
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Feifa partners with BNP Paribas Asset Management
The Federation of European Independent Financial Advisers (Feifa) has partnered with BNP Paribas Asset Management to promote professional development and training activities.
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BNP Paribas rebrands and targets three key markets
BNP Paribas Investment Partners is targeting Germany, China and the US as the three key markets where it can accelerate sales growth significantly, the firm revealed in a 2020 strategic plan statement.