Middle East should learn from Hong Kong’s evolution
Pressuring firms to appoint new leadership could also drive change
Pressuring firms to appoint new leadership could also drive change
Duo from The Fry Group Hong Kong depart for St James’s Place
Despite a lengthy spell at the despatch box, UK chancellor delivered few real blows
Funds under management rose 17% over 12 months, with a 96% retention rate
More firms favouring a restricted advice approach
Refresher for financial advisers not rejected by St James’s Place
SJP announces the retirement of its investment director after 27 years of service, Tilney hires two financial advisers from Ludlow and Cornerstone, while Nucleus appoints a head of platform marketing.
St James’s Place Asia boosted gross new funds by 51% in the first six months of 2018, helping to push group gross inflows to £7.9bn ($10.4bn, €8.9bn), an increase of 15% compared with the first half of 2017.
A sustained period of underperformance has prompted St James’s Place (SJP) to drop Aberdeen Standard Investments (ASI) and appoint Impax Asset Management to run its £286m (€320m, $375m) ethical fund.
St James’s Place, Neptune and Aviva Investors are among asset managers with £657.7m ($869m, €744m) in three companies connected with US detention camps holding immigrants and their children.
The partnership between St James’s Place and Neil Woodford is unlikely to end any time soon, despite many discretionary fund managers and platforms dropping the star fund manager for underperformance.
International wealth management group St James’s Place makes several changes to its range of funds, Artemis appoints Jasper Berens, former JP Morgan Asset Management UK head, to take over its head of distribution and Martin Currie poaches from Blackrock.