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.
Mifid II is a big concern for around three-quarters of global asset managers, who think regulators need to provide better guidance and tools to navigate the increasingly complex landscape, according to State Street Corporation.
Today’s people moves column boasts an embarrassment of riches as the industry seems to be getting its house in order before the Christmas break. Former Zurich man Andy Robinson has resurfaced, while MetLife has named a chief executive in Hong Kong. Lombard Odier’s new chief operating officer has left the world of haute couture to…
Economists expect another rate cut will materialise in November after the Bank of England’s Monetary Policy Committee (MPC) unanimously voted to hold rates at 0.25% on Thursday.
Net fund flows into global gold ETFs in the first half this year have already surpassed the same period of 2009 during the financial crisis, as Brexit has created more uncertainties in the global economic outlook.
Schroder Investment Management (Hong Kong) and State Street Global Advisors have been fined by Hong Kong’s Securities and Futures Commission (SFC) for two separate regulatory breaches.
Barings chief investment officer is to depart just two months after it was announced that the firm will merge with three other MassMutual affiliates. BlackRock has named a new chief investment officer in Japan, while Deutsche Bank has appointed a global head of M&A.
A senior figure at Deutsche Asset Management is take to a medical leave of absence, as parent company Deutsche Bank bolsters its compliance and anti-financial crime divisions. Fidelity has poached a portfolio manager from Henderson Global, while Charles Stanley is to suffer a senior departure.
Gold outperformed most other assets as global equity markets took a beating at the start of 2016, according to State Street Global Advisors.
State Street Global Advisors (SSGA), the asset management arm of State Street Corp, has launched 11 new fixed income ETFs on the Deutsche Börse Xetra.
Several senior appointments were announced this week, with Schroders creating a new role, Artemis appointing a new chief investment officer, and State Street Global Advisors naming a new fund head in the Netherlands.
