Archive Results for Daily News Analysis
Legal & General Completes Cofunds Acquisition; Cofunds Chairman Steps Down
May 23, 2013
Legal & General, the UK-listed insurance and investment group, and Cofunds, the fund platform company, said today that L&G has completed its previously announced acquisition of Cofunds. “The transition to the new ownership was quick and smooth thanks to Cofunds Business Unit's chief executive, Chris Last, working closely with the Cofunds management team and outgoing Cofunds CEO Martin Davis,” both firms. .
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European Investors Fear The Worst Of The Eurozone Crisis Is Not Yet Over - Fitch
May 23, 2013
The majority of European investors do not believe the worst of the eurozone crisis is over yet, according to a new survey carried out by ratings agency Fitch. The survey also highlighted how recession in the eurozone is dampening investor sentiment. The quarterly survey was conducted between 3 April to 7 May 2013 and polled the views of managers representing an estimated €8.
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Morgan Stanley Investment Management Names New Head Of Benelux Sales
May 23, 2013
Morgan Stanley Investment Management has appointed Pepijn Heins as head of Benelux sales, based in London. Heins joined Morgan Stanley from Eaton Vance, where he was head of business development for Europe. Before that, he held a number of positions at various firms including Goldman Sachs Asset Management, The WM Company, Kas Bank, and BZW Global Investors.
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Henderson Global Investors Adds New Property Director For China
May 23, 2013
London-based Henderson Global Investors' £12. 7 billion (around $19 billion) property business has appointed Tony He as director of property, China consultancy. He, who will be principally based in the firm’s Beijing office, joins from Tesco Property, China, where he served as a finance director.
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BNY Mellon Lays Out Big Hiring Plans For Wealth Management
May 22, 2013
BNY Mellon Wealth Management is planning to increase the size of its global sales force by 50 per cent, as well as adding a raft of private bankers, mortgage bankers, portfolio managers and wealth strategists, in what it described as a “profound commitment” to this market. Overall, it will add up to 100 people to the wealth management business, bringing its sales force to around 150 and hiring around 10 private and morgtage bankers. The announcement is confirmation of a picture that has emerged from the firm in recent years, as .
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Asset Risk Consultants Boosts Team With Guernsey Wealth Management Luminary
May 23, 2013
Asset Risk Consultants, the investment services and performance tracking firm, has appointed Paul Meader, a former senior figure at Collins Stewart Wealth Management, to launch the. . .
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Legal & General Investment Management Adds New Head Of Asset Allocation
May 23, 2013
Legal & General Investment Management, the UK-based asset management firm, has appointed Emiel van den Heiligenberg as head of asset allocation, based in London. Heilingenberg will replace David North, LGMI’s previous head of asset allocation, who left at the start of this year after almost 12 years of service. While Heilingenberg will take on the responsibilities of North, LGIM will add new dimensions to the role, a spokesperson for the firm told this publication.
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AXA Wealth Offers Flexible Advisor Charging Options
May 23, 2013
AXA Wealth International has broadened its range of advisor charging options and trust features in an effort to enhance its specialist offshore proposition, following advisor feedback in the first quarter of 2013. The offshore products affected comprise the Evolution, Estate Planning Bond and International Portfolio Bond. Key enhancements include making available ongoing advisor charging within the Estate Planning Bond as a fixed monetary amount or a percentage of the bond value, giving clients and advisors more choice in their payment options.
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Europe's Mutual Fund Industry Continued To Consolidate In Q1 - Lipper
May 23, 2013
Europe’s mutual fund industry, which for a long time has been criticised for its profusion of products due to the region’s web of national rules, continued to consolidate at the end of the first quarter of this year, according to Lipper, the research firm. As of the end of March there were 31,854 mutual funds registered for sale in Europe and Luxembourg continued to dominate the fund market in Europe, hosting 8,581 funds, followed by France, where 4,907 funds were domiciled. In the first three months of this year, 435 funds were created.
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SEI's UK Goal-Based Portfolios Hit Record High
May 23, 2013
SEI, the US-headquartered financial and wealth management solutions provider, has reported that its flagship UK goals-based portfolios have hit £1 billion ($1. 5 billion) in assets under management. Launched in February 2010, the SEI Strategic Portfolios are a suite of seven risk-rated, multi-asset funds underpinned by a manager-of-manager investment structure, the firm said in a statement.
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