Asset managers have been on a bit of a hiring spree with T Rowe Price and Invesco’s Powershares expanding their business development teams while Amundi and Man Group announce some internal promotions.
After Deutsche Bank’s head of anti-financial crime stepped down just six months into the job, the German bank has named his replacement. RLAM has created a global equity team by poaching three staff from Waverton IM, while J. Safra Sarasin has a new managing director for client advisory in Hong Kong.
Lombard International Assurance has bolstered its Latin America focus with the appointment of a regional head. Copia Capital Management named a series of appointments as it builds up its team, while Fortnum Financial Advisers has lured its new managing director from ANZ.
The current low growth, low inflation economic environment is likely to persist for a number of years and is what investors must bear in mind when choosing where to put their money, says Invesco Perpetual’s Georgina Taylor.
Global ETF provider Invesco PowerShares has listed its US high yield fallen angels Ucits ETF on the London Stock Exchange, which tracks bonds that have been downgraded from investment to high yield.
The three largest multi-strategy funds for sale in Europe have fared better than most other absolute return funds since the UK’s shock vote to leave the EU. However, the Standard Life GARS fund continues to underperform its peers on a longer-term basis.
Despite the volatility of global financial markets this year and a steady decline in investment returns, confidence among the world’s sovereign wealth funds remains high, a survey by Invesco has found.
Architas has named a Barclays managing director and chief investment officer as its new chief investment officer, while Julius Baer has added an executive director to its Guernsey team. AllianzGI is strengthening their alternatives pillar, with L&G bidding farewell to its chairman.
Barclays Wealth & Investment Management confirmed the departure of its long-serving managing director, with Edmond de Rothschild replacing its outgoing chief executive and Bedrock snaring its new managing partner from Coutts.
John Richards, product director at investment management company Invesco, looks at the opportunities and challenges facing investors in the equity market and why he likes UK stocks.
Cazenove Capital has changed its head of wealth management in Singapore; while Natixis AM has named a new chief executive following the departure of incumbent Pascal Voisin. South Africa’s Standard Bank has also appointed a chief executive, while M&G Investments named a new fund manager to its multi-asset team.
Neuberger Berman announced a senior EMEA appointment, as Columbia Threadneedle reported a departure. ETF provider Source made 17 promotions; while Davy Asset Management added two new faces.
