Novia Global has broadened its integrated investment portal through strategic partnerships with DFMs Brooks Macdonald, LGT Vestra, and Bordier & Cie, while Transact now offers advisers access to Quilter Cheviot’s managed portfolio service (MPS).
Investors based in the UAE are expecting average investment returns of 7.3% in 2016, up sharply from the 3.5% received in 2015, according to a new survey by Old Mutual International and Quilter Cheviot.
Zurich has named the chief executive of its newly amalgamated division and announced a senior departure. HSBC Private Bank’s US investment services and products solutions business has a new head, while Pimco has appointed a head of Hong Kong retail and a head of China.
A self-confessed equities man, David Loudon is relishing his new role as chief executive officer at Quilter Cheviot, and has great expectations for wealth managers as the consolidation wave crests.
Having Old Mutual as its parent provides London-headquartered discretionary fund manager Quilter Cheviot with a great deal of opportunity, said chief executive David Loudon, particularly when it comes to acquisitions.
Dubai-based IFA firm Prestige Wealth Solutions (PWS), which advises local expats on their pensions, has teamed up with investment manager Quilter Cheviot to offer its clients a discretionary management service.
Standard Life Investments has appointed a chief executive and representative director in Japan, Quilter Cheviot has created a new head of business development role, while Lombard Odier IM has strengthened its German and Austrian sales team.
Quilter Cheviot, the London-headquartered discretionary investment manager bought by Old Mutual Wealth in February last year, has opened a representative office in Dubai.
The Old Mutual Compass Portfolio range is the first launch from the Old Mutual Wealth multi asset unit formed last year, which combines the best in class capabilities from Old Mutual Global Investors (OMGI) and Quilter Cheviot.
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
An Axa Group stalwart has announced his retirement plans, naming his successors in the process. Carmignac’s head of equity has departed, while Old Mutual’s Quilter Cheviot has made two UK-based appointments.
London & Colonial (L&C) has added Quilter Cheviot to the panel of approved discretionary fund managers (DFMs) for both its low cost Qrop and Sipp pension schemes.
