PEOPLE MOVES: The Fry Group, LGIM, Pictet Wealth
The Fry Group appoints from Old Mutual for Singapore chief, Legal & General Investment Management recruits from Standard Aberdeen in Asia and Pictet Wealth’s chief exits.
Pictet
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‘Safe sectors’ no longer safe, warns Pictet AM
Investors should stay away from what they perceive as “safe sectors”, such as consumer staples and telecommunications, as they have accumulated more debt, according to Shaniel Ramjee, London-based senior investment manager for multi-asset at Pictet Asset Management.
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UBS man connected to Baer hot seat
Veteran private banker Jürg Zeltner, UBS’s wealth management chief excluding North America, has been touted as Boris Collardi’s successor as chief executive of Julius Baer.
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Swiss bank CEO switches allegiance from Baer to Pictet
High-profile chief executive Boris Collardi is switching Swiss banks, quitting Julius Baer for arch rivals Pictet.
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The limits of ESG screening
Governance is the most important factor in ESG investing, says Marc-Oliver Buffle, Geneva-based senior product specialist at Pictet Asset Management. But can you really screen for it?
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When did a 2% dip become a market correction?
Pictet AM’s chief strategist Luca Paolini tried to redefine the concept of a market correction this week, urging investors to take advantage of a 2% fall in asset prices to “rebuild positions in riskier assets”.
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ANALYSIS: Should you still buy into the emerging markets rally?
Emerging market equities and bonds have outperformed their developed rivals by a large margin year-to-date, resulting in a surge in inflows. An acceleration in global growth and the absence of immediate macro concerns seem to underpin the current rally, but there are some obvious elephants in the room.
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PEOPLE MOVES: Aberdeen, Old Mutual, Pictet
Aberdeen Asset Management has appointed a chief operating officer for Asia Pacific, while Old Mutual Wealth has named a chief financial officer, tasked with driving forward the company’s planned demerger. Pictet Asset Management has a new head of UK intermediaries.
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PEOPLE MOVES: Pictet, Intertrust Jersey, Nucleus
Pictet Asset Management makes two new hires, bolstering its Hong Kong multi-asset team and its UK distribution business while Intertrust Jersey announces a round of promotions. Nucleus appoints a technology stalwart to its board of directors as Sandaire poaches an ex-Tilney man.
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Pictet warns to steer clear of US equities
The expensive valuations of US equities have made Luca Paolini, Pictet Asset Management’s London-based chief strategist, urge investors to be very cautious.
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Pictet targets robotics in latest fund launch
Pictet has launched a robotics-themed fund, which is tied to cyclicality and capex spending and linked to a country’s economic health, according to Peter Lingen, the asset manager’s Geneva-based senior manager for thematic equities.
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The 2017 FSA Fund Award winners are…
Here are the Hong Kong winners of Fund Selector Asia’s third annual fund management awards.