PEOPLE MOVES: Principal Global Investors, Crossinvest, Aviva
Asset manager hires Europe CEO, while Asian wealth manager chief executive steps down
Asset manager hires Europe CEO, while Asian wealth manager chief executive steps down
A round-up of people moves and M&A deals across North America
Fintech funds, Scandinavian bonds and Austrian expansion on the agenda in the investment world
Life doesn’t stop at 65 and neither should investing. But it should be adjusted over time to reflect the changing client risk appetite, which is where a smooth glide path comes into play.
Schroders is losing two fund managers who are setting up their own boutique. Janus Henderson has created two senior international distribution roles, while Principal Global Investors is focusing on UK fund distribution with its latest hire.
Citi Private Bank has named two heads of investment for Asia Pacific, with GWM Investment Management adding a senior wealth manager in London. Brewin Dolphin’s Jersey office has a new head.
Brooks Macdonald’s co-founder is to step down as chief executive after 25 years, with his replacement coming from HSBC. Principal Global Investors has named a new head of funds distribution for Asia, while Vanguard has also shuffled its Asian operations, with a focus on China.
Old Mutual appoints a chairman to its board while Manulife makes a hire to its newly-created position of chief executive for client services for EMEA. HSBC has announced a raft of hires in Geneva, Zurich and Dubai while asset manager Veritas poaches its new head from UBS.
The firm has bond, equity and mixed asset funds ready for launch in Hong Kong on 1 June, said head of intermediary business Laurence Lo.
China has been under scrutiny over the past few weeks, and it seems industry sources have a growing concern over the government’s economic reform efforts.
Principal Global Investors plans to expand its third party distribution network in Asia and launch products that include an A-share fund, said Kirk West, head of international offices and chief executive officer of Asia.
Lim Kee Yap has joined Principal Global Investors in Singapore as director and head of institutional sales‚ South and Southeast Asia‚ as the company expands its Asia team.