SJP Asia reports £13m loss while CEO Bellamy to step down
David Bellamy, chief executive of St James’s Place (SJP), will step down from his role at the end of 2017 as the group’s Asian business reports a £13.2m (€15.5m, $16.4m) loss.
Rowan Dartington
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PEOPLE MOVES: Axa, HSBC, JP Morgan
Axa Life Insurance has lost its head of international brokers in Singapore, while the private banking arms of HSBC and JP Morgan have named regional heads of various European countries.
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PEOPLE MOVES: Sarasin & Partners, Natixis, Tilney
Senior appointments were the name of the game this week with Sarasin & Partners appointing a head of distribution, Natixis Global Asset Management replacing its chief executive, and newly rebranded Tilney Group hiring a chief investment officer.
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SJP to launch Rowan Dartington in Asia by end of June
St James’s Place is set to roll out services from discretionary fund manager Rowan Dartington across its Asian operations during the first half of this year, according to Mike Gravestock, international partnership director.
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PEOPLE MOVES: Fidelity Intl, StanChart, US SEC
Fidelity International has named a country head of China, while Standard Chartered in Hong Kong has made a raft of senior appointments following the resignation announcement of the bank’s chief executive. The US Securities and Exchange Commission has confirmed more departures ahead of the presidential inauguration.
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Go overweight on cash, says Rowan Dartington
To protect against volatile markets and political uncertainty, Rowan Dartington is giving higher weighting to cash and building wealth portfolios that offer clients a truly global perspective.
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PEOPLE MOVES: Generali, Ravenscroft, Old Mutual
Italian insurer Generali has appointed a country manager for Italy and named a group chief investment officer. Ravenscroft has a new group managing director, while Old Mutual Wealth is to bid farewell to a company veteran.
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PEOPLE MOVES: StanChart, FPI, Aviva
Standard Chartered’s Asean and south Asia chief executive has stepped down with immediate effect. Friends Provident International has appointed a regional sales director for Singapore, while Aviva has hired a tech industry heavy hitter for a new communications role.
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Diving for pearls: Nine global funds worth considering
With 267 funds, the Investment Association (IA) Global sector is second only in variety to its UK All Companies, which comprises 269 funds. It is one of the oldest and most popular sectors and also very diverse, both in terms of type of offering and also in terms of performance.
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Don’t mistake equities’ current sanguine run for real strength
Investors should not rest too comfortably on the relative calm with which equity markets have greeted both the UK’s EU referendum and the election of Donald Trump to the US presidency warns Guy Stephens.
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RL360° acquires Ardan International from Rowan Dartington
RL360° is to acquire Rowan Dartington’s global platform business Ardan International for an undisclosed fee.
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PEOPLE MOVES: Lombard Int’l Assurance, Lombard Odier, IA
Lombard International Assurance has named a new head of distribution, while similarly named but-not-to-be-confused-with Lombard Odier Investment Managers has brought an entire investment team on board. The Investment Association is on the recruitment hunt for a new chair.