Schroders buys family office to grow UHNW offering
Acquired firm will join the asset manager’s wealth business, Cazenove Capital
Acquired firm will join the asset manager’s wealth business, Cazenove Capital
Bank names co-CEOs for Middle East and Africa, while asset manager hires director of advice
Swiss firm replaces CFO, while wealth manager nabs investment director from Cazenove
CEO named at investment manager, while wealth firm announces two promotions and a departure
French firm makes c-suite changes, while UK financial advice network hires COO
Changes at the top for the UK asset manager and Aussie financial adviser
The assets Schroders manages of behalf of advisers’ clients has fallen by £3.1bn ($4.3bn, €3.5bn) in the first quarter of the year, according to its latest results.
Cazenove Capital’s Asian wealth and private banking business is to be renamed Schroders Wealth Management.
Schroders’ Cazenove Capital has appointed a UK chief executive, while Legg Mason has named a head of UK sales. Investec Asset Management has raided Threadneedle for a portfolio manager for its UK smaller companies fund.
With the looming threat of dividend cuts and a reversal in bond yields, coupled with the emergence of new growth patterns and value opportunities, click through the following pages to read what five wealth managers think we should be paying attention to.
Markets have experienced some savage volatility of late but Cazenove’s Nick Georgiadis is adamant a pragmatic philosophy can turn up underlying economic growth.
Amundi subsidiary CPR Asset Management has named a new chief executive, with Cazenove’s new chief investment officer joining from Architas. Northern Trust AM has a new head of Asia Pacific, while the chief executive of newly rebranded Al Hilal is to depart.