PineBridge Investments has a new head of Switzerland and Austria, while Guernsey Finance has promoted its multilingual international business development director to deputy chief executive. Fidelity International has appointed a head of equity.
Industry veteran Peter Mann has reappeared at Momentum UK, while Russell Investments is banking on an ex-BlackRock man to head up its Europe, Middle East and Africa region. Hermes has named a head of fixed income.
Nucleus has appointed a successor to chairman Paul Bradshaw who died in January. J Safra Sarasin is targeting ultra-high net worths in Asia with a new division and managing director, while JO Hambro Capital Management prepares to bid farewell to an investment management veteran.
Global health insurer Cigna has boosted its distribution platform in Asia Pacific with two senior hires. Lombard International Assurance has appointed a head of France, while Woodford has raided his alma mater Invesco Perpetual to find a head of third party relationships.
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.
Indosuez Wealth Management has appointed a head of markets and investment solutions for Hong Kong, while Zedra has made three senior hires. PraxisIFM has created a group finance director role following the firm’s expansion in 2016.
Tilney Bestinvest’s clients continued to put money into US tracker index funds in October despite markets being spooked by the potential outcome of the presidential election.
With less than a week to go before one of the most contentious presidential contests concludes, some market participants are ignoring the noise, but many are fretting over shocks to equity markets and the potential fallout from protectionist trade policies.
Tilney Bestinvest’s Gareth Lewis advocates a cautious approach in the wake of Brexit and the continuing low interest rates and quantitative easing climate, with investment in gold proving a successful option.
Tilney Bestinvest’s “Spot the Dog” report names M&G Investments as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds’.
Passive investing has made a rapid rise over the past couple of years. When it comes to sustainable investing, however, index-based funds are still relative newcomers.
Investment manager Tilney Bestinvest has unveiled a new range of risk-graded multi-asset, Ucits compliant, Open-Ended Investment Companies (OEICs).
