Swiss private bank Julius Baer is reportedly hoovering up bankers from the defunct Singapore branch of BSI Bank. The US Securities and Exchange Commission has announced two more resignations, while JP Morgan Asset Management has created a chief executive and country head role in Australia.
BNP Paribas Investment Partners has launched its first multi-asset income fund focusing on emerging markets.
BNP Paribas Investment Partners has lured its new global head of sales from Deutsche Asset Management, while Maseco has selected a former Barclays man as its chief operating officer. Fidelity International has named a BlackRock veteran as its global head of consultant relations.
Changes abound in Singapore with Old Mutual Global Investors creating a new managing director role, Eastspring Investments naming a new chief executive, and HSBC Bank appointing a head of retail banking and wealth management.
The BNP Paribas multi-asset team tactic, in the current febrile environment, is to tread carefully in its search for alpha and let the fallout from Brexit, modest global growth and doubts over monetary policy play out.
Old Mutual Global Investors has replaced its China-focused fund manager who stepped down last month, while BNP Paribas Investment Partners has named a new advice head for Australia and New Zealand. First Names Group has filled its vacant chief executive role.
Generali has confirmed that a top executive in Asia has resigned, while a Schroders veteran is set to leave the company after a recent corporate restructure saw his role disappear. Standard Chartered, meanwhile, has named a heavy hitter from the IMF as its next chairman and appointed a private banking regional head in Asia.
In a low yielding and high risk world multi-asset funds are best placed to meet the investment outcomes clients require, says Colin Graham, head of active asset allocation, multi asset solutions for BNP Paribas Investment Partners.
French banking giant BNP Paribas is set to pull out of the Cayman Islands, according to local trade group Attac.
KBL European Private Bankers (KBL epb) has entered into a preliminary agreement with BNP Paribas Wealth Management to acquire Insinger de Beaufort, a Dutch private bank.
BNP Paribas Investment Partners has launched a sterling share class for its L1 Equity World Aqua Fund in response to greater demand from UK institutional and wholesale clients.
Hong Kong’s securities regulator has announced a leadership change at its intermediaries division. BNP Paribas Investment Partners names a new head of emerging market fixed income, while Credit Suisse’s global head of macro products is rumoured to be departing.
