Mirae Asset Life Insurance’s chief executive has resigned and been replaced by one of the company’s vice presidents. HSBC has created a head of financial crime compliance role for its Channel Islands and Isle of Man operations, while Schroders has appointed a head of multi-asset product for north Asia.
Specialist fund management group Liontrust has launched a European smaller companies fund with the aim of achieving long-term capital growth by investing primarily in pan-European smaller companies.
Rumblings of restructure have been ongoing at Alliance Trust for many years. But those looking for seismic shifts from the investment trust’s much anticipated strategic review, are liable to have been disappointed on Thursday.
The acquisition of Alliance Trust’s investment management business is projected to add £2.3bn ($2.9bn, €2.7bn) to Liontrust’s assets under management, pushing it past the £8bn mark.
Tilney Bestinvest’s clients continued to put money into US tracker index funds in October despite markets being spooked by the potential outcome of the presidential election.
Aim-listed funds boutique Liontrust has hired well-known industry figure Ian Chimes from Miton Group to grow its international distribution profile as part of a strategy to reach £10bn (€11.2bn, $12.4bn) in assets under management.
With developed world political risk now posing the biggest risk to markets, Liontrust’s John Husselbee is encouraging his clients to focus on the global picture.
The Fed and the Bank of Japan failed to disappoint markets on Wednesday. And, with that lack of disappointment, has come a growing belief that the banking sector might well be turning once more into a viable investment destination.
Fund management group Liontrust has made six of its global fund (GF) range available on European open architecture mutual fund platform, Allfunds Bank.
The Italian constitutional reform referendum this autumn will, or rather should, cause European investors to hold their breath more anxiously than they did on the morning of 24 June.
Schroders has created a global head of strategy role, while Royal London has appointed a managing director of its Ireland business. Fidelity International is bidding adieu to a veteran portfolio manager, with Indosuez naming a new chief executive.
For only the second time in its history the UK is to be led by a female prime minister. Old Mutual Wealth has appointed a chief risk officer, while UBS Asset Management has created a new sustainable and impact investing role.
