PEOPLE MOVES: Alexander Forbes, Fidelity, M&G Prudential
South African advice firm moves quickly to replace ousted chief executive
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
South African advice firm moves quickly to replace ousted chief executive
Fund management giant to open office in the ADGM, sees Saudi Arabia as major engine for growth
Holborn Assets nabs a deVere Acuma wealth manager and Nucleus appoints a head of product development
Marlborough hires a head of business development from Brooks Macdonald, the Chartered Institute for Securities & Investment appoints a board chairman, while a former Blackrock employee joins State Street to head ETF model portfolios.
HMRC’s most senior tax professional is to retire, while Deloitte has poached a senior commissioner from the US Internal Revenue Service, and Standard Chartered Private Bank has hired two veteran private bankers in Asia.
Jersey finance promotes internally to fill Corrigan’s departure, T. Rowe Prices adds to its multi-asset team, State Street expands equity index group in Asia, and former French prime minister François Fillon goes into investment management.
This year’s dollar weakness took most investors by surprise. There are, however, obvious reasons for this, and fundamentals suggest it could reverse.
Smart beta exchange-traded funds (ETFs) require investors to shift their focus from picking a good fund manager to understanding underlying asset allocation strategy, argues Thomas Poullaouec of State Street Global Advisors (SSGA).
There are very few ETF providers capable of tracking bond markets in a quality way, according to State Street Global Advisors.
Lack of robust data and reporting standards hinders ESG implementation, according to Lou Maiuri, executive vice president at State Street.
The European ETF market hit a new record in terms of total funds under management last year though the flow of money in the asset class slowed from the record levels of 2015, according to new data from Thomson Reuters Lipper.
After Deutsche Bank’s head of anti-financial crime stepped down just six months into the job, the German bank has named his replacement. RLAM has created a global equity team by poaching three staff from Waverton IM, while J. Safra Sarasin has a new managing director for client advisory in Hong Kong.