Newton multi-asset deputy CIO Paul Brain retires
Brain, who previously led Newton’s fixed income team, retires after 40 years as an investment manager
Credit Suisse
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Columbia Threadneedle’s Scott Spencer joins Square Mile as investment director
Spencer left Columbia Threadneedle alongside Kelly Prior and Rob Burdett earlier this year
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Morningstar: Fixed income attracts €25.7bn net inflows while equities bleed €1.8bn
Commodities experience largest outflows since Morningstar’s recording began in 2007
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Morningstar: Appetite for equities and fixed income continues in February
According to EU Fund Flows report for February
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Morningstar: European fund giants suffer outflows in December 2023
European-domiciled funds as a whole attracted a net €49bn in 2023
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UBS completes acquisition of Credit Suisse
Deal offers clients ‘enhanced global offering, broader geographic reach and access to even greater expertise’
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UBS aims to complete Credit Suisse takeover by mid-June
Deal remains the subject of a number of legal disputes
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Credit Suisse ordered to pay $926m to former Georgia prime minister
Bank says ruling is ‘wrong and poses very significant legal issues’ and it ‘intends to vigorously pursue an appeal’
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UBS revamps management team ahead of Credit Suisse merger
As the wealth manager sets out its post-deal operation model
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UBS splashes out $3.2bn to buy troubled rival Credit Suisse
Deal will create a global wealth manager with $5trn of assets
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Markets climb after Credit Suisse shored up by Swiss central bank
Shares in the banking giant have surged
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PEOPLE MOVES: STM, Endowus, Credit Suisse
Financial services group names head of business development, as digital wealth manager makes c-suite change