Sarasin sells off Irish business as Brexit deadline looms
It is the acquirer’s 10th M&A deal since 2012
Sarasin & Partners
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Oil giants offside with investors worth $10trn
Climate change has landed major oil companies oil offside with a number of investors representing $10.4trn (£7.7bn, €8.8trn) worth of assets ahead of their annual general meetings (AGMs) over the next couple of weeks.
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PEOPLE MOVES: Manulife, JPMAM, Lombard International
Manulife is consolidating its wealth businesses and moving several key figures, while JPMAM has raided the UK Treasury to hire a chief market strategist for Europe and UK and Lombard International created a new chief operating officer role.
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Sarasin & Partners launches eurozone equity fund
Asset management group Sarasin & Partners has launched the Sarasin Systematic Eurozone Equity fund, which aims to provide investors with capital growth over the long term.
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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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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.
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PEOPLE MOVES: UK government, Zurich, Deutsche Bank
On her second day as UK prime minister, Theresa May has cleaned house and named her new cabinet. Zurich International Life has appointed a new chief operations officer, while Deutsche Bank has provisionally appointed a chief executive for Asia Pacific.
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PEOPLE MOVES: Barclays WIM, Rothschild, Bedrock…
Barclays Wealth & Investment Management confirmed the departure of its long-serving managing director, with Edmond de Rothschild replacing its outgoing chief executive and Bedrock snaring its new managing partner from Coutts.
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PEOPLE MOVES: Lombard Int’l, Axa IM, Nutmeg…
Lombard International has named a new chief executive for its US operations, while Axa IM has announced a senior departure. Nutmeg’s chief executive has stepped aside, with a Columbia Threadneedle veteran bowing out of the industry after a 32-year career.
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New world order Asset allocator with Sarasin
Sarasin Asset Management’s John Soler takes a global, thematic view on managing the needs of his US expat clients
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Private bank loses $200m case in DIFC
DIFC-based Bank Sarasin-Alpen has lost a significant case against a wealthy Kuwaiti family, after it was found to have mis-sold investments worth $200m during the 2007/2008 financial crisis, with its CEO singled out for particular criticism.
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shifting to shariah model could increase value
Converting a financial services business to a Shariah-compliant model could increase the value of a company by 18% to 25%, due to the current scarcity of genuine Islamic investments, a report issued by Switzerland-based Bank Sarasin concludes.