PEOPLE MOVES: AMP, Hermes. BMO
BMO appoints intermediary sales head for Austria/Germany, Hermes boosts its fixed income team and embattled AMP board members step down in “renewal”.
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
BMO appoints intermediary sales head for Austria/Germany, Hermes boosts its fixed income team and embattled AMP board members step down in “renewal”.
One of the biggest US fund managers Federated Investors has bought a 60% stake in Hermes Investment Management from the UK’s BT Pension Scheme in a £246m ($350m, €284m) deal.
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.
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?
HSBC appoints a Hong-Kong based global head of private wealth solutions, Fidelity creates a head of stewardship and sustainability role, while Momentum Pensions has named a head of business development for the Middle East and Asia.
Consumers in the UK and globally will seek out bargains on Black Friday, but what about the investment world? Here are the views of seven managers and areas in the market that they see as undervalued.
Emerging markets are increasingly attractive but selecting the right fund is the key to performance, according to Morningstar.
The chief executive of South African insurer Liberty has departed with immediate effect. Schroders is losing a 14-year fund manager, while Old Mutual Wealth continues to expand its board.
Industry veteran Peter Mann has reappeared at Momentum UK, while Russell Investments is banking on an ex-BlackRock man to head up its Europe, Middle East and Africa region. Hermes has named a head of fixed income.
It was announced on Thursday that Snap, owner of Snapchat, has been valued at $22.2bn (£17.8bn, €20.9bn) ahead of its IPO next month, but could the secret to technology investments be in finding the ‘hidden’ technologies propping up the household names?
Investors have jumped into emerging markets for the wrong reasons, according to Hermes Investment Management’s Gary Greenberg, and with the strong possibility of a Federal Reserve rate hike, he predicts it is only a matter of time until they realise they have had their dessert before the main meal.
Making a call on currencies can be make or break for a portfolio and as the global economy enters uncharted waters, managers are looking for signs of the next big swing