PEOPLE MOVES: Quilter, Purple AM, UBS WM, Barclays Wealth
New CFO at Quilter, Fry Group hires asset manager CEO, and UBS Wealth appoints China duo
New CFO at Quilter, Fry Group hires asset manager CEO, and UBS Wealth appoints China duo
The fund will have a minimum investment of just £1,000 ($1,290) (€1,130)
Standard Life Aberdeen appoint UK propositions manager, while UBS Asia appoints new president
By contrast, UK investors are laggards with paltry sums in ethical investments
Private bank comments on disposal of mass affluent online service
Swiss bank was ‘out of its comfort zone’
International wealth manager UBS has been left red faced after its pick to win the football World Cup crashed out on Wednesday.
The strengthening US dollar has resulted in tactical changes to client portfolios, according to Mark Haefele, Zurich-based group managing director and global chief investment officer.
UBS Wealth Management is recommending clients allocate up to 20% of their assets to hedge funds as a diversifier, especially in an environment where interest rates and volatility are increasing, according to the firm’s executives.
UBS Wealth Management has launched a cross-asset portfolio in Asia based on sustainable investing that aims to mirror the firm’s traditional strategies.
Despite the return of market volatility, a Vietnam equity fund managed by JP Morgan Asset Management has soared to the top as best performer, according to data from FE Analytics.
In separate moves, Hong Kong’s Securities and Futures Commission (SFC) this month has gone after UBS, Deutsche Bank and brokerage firm CLSA for regulatory breaches.