Prudential has nabbed its new chief executive of insurance from Aegon, leaving the Dutch insurer to appoint a new chief financial officer. Deutsche Bank has appointed a global head for its alternative funds business.
M&G Investments has announced it will resume trading in the shares of the £4bn M&G Property Portfolio and its feeder fund at noon on Friday 4 November.
M&G Investments has announced plans to launch Luxembourg-domiciled Sicavs in response to predictions that Britain is likely to experience a ‘hard Brexit’ when it leaves the European Union in 2019.
Growth in its Asian operations helped UK insurance giant Prudential post a forcast-beating 6% rise in first-half operating profit to £2.06bn ($2.69bn, €2.4bn), helping offset a drop in profits from its M&G asset management business.
Tilney Bestinvest’s “Spot the Dog” report names M&G Investments as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds’.
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
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.
Henderson Global Investors and Columbia Threadneedle have announced they have suspended all trading in their respective UK property authorised investment funds (Paifs) and feeder funds, the firms said on Wednesday.
Aviva Investors and M&G Investments have suspended trading in their UK property funds, a day after SLI took the same decision, making it three of Britain’s top five funds in the sector that have shut their doors since the Brexit vote.
Growing up in Brazil, Claudia Calich got to learn all about hyperinflation and currency devaluations at first hand through her father’s engineering business, based in Porto Alegre in the country’s southern-most state of Rio Grande do Sul on the border of Uruguay and Argentina.
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.
Despite a challenging economic environment, Prudential ended 2015 with new business sales up 17%, helped by a 26% growth in its Asian operations.
