Lloyds Banking Group is to sell its international private banking business to Swiss bank Union Bancaire Privée (UBP) as part of its strategy to focus on the domestic wealth market. The transaction will includes the bank’s Geneva-based Private Bank, its branches based in Geneva, Zurich, Monaco and Gibraltar, and its representative office
Read more →Perpetual has appointed Dean Winterton as general manager distribution for its Perpetual Investments business. Winterton will be responsible for driving inflows via a targeted sales and marketing strategy aimed at reducing redemptions and growing the business from its current base of $26 billion in funds under management.
Read more →Lazard Asset Management has appointed Susan Roberts as chief executive of its Asia Pacific business. In the new role Roberts will be responsible for the day-to-day management of Lazard’s Australian and New Zealand business. Prior to her promotion, Roberts was senior vice president, head of client services
Read more →Protected: UK Investment Management Social Media Intelligence – Detailed Findings (subscribers only)
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Read more →Recent changes to ASX Continuous disclosures requirements (12 May 2013) now oblige listed companies to monitor investor blogs, chat sites and other social media. ASX Guidance Note 8 identifies a number of instances where listed companies now have an obligation to monitor social media, investor blogs, and chat sites
Read more →European platform behemoth Allfunds Bank has hired Cofunds managing director of operational services Stephen Mohan to spearhead growth in the UK. The Spanish platform administers around £80 billion of assets across Europe and runs around £10 billion for 20 firms in the UK. It now wants to
Read more →Cofunds director of marketing Verona Smith is joining The Platforum as an adviser to platforms and fund managers. The Platforum, owned by Fundweb publisher Centaur, says Smith’s role will cover both direct and advised channels. She will join in September. Managing director Holly Mackay says: “Post-RDR and platform
Read more →Interesting, but brief article in Citywire, highlighting a possible industry disruption from established UK Fund Managers: A consortium of fund groups have offered the Royal Bank of Scotland (RBS) £1 billion for the 316-branch network it is looking to offload on condition of a quick sale. The consortium,
Read more →Henderson has named former New Star man Rob Page as its new global head of marketing. Page, who joins from Hermes Fund Managers, will report to Henderson head of EMEA retail Greg Jones. He will oversee Henderson’s UK and European marketing, investment marketing, press relations and e-commerce
Read more →Russell Investments’ Australian business has been structured into three core client facing divisions – investment, private client services and institutional – following a recent shake-up at the company, Asia Pacific chief executive Alan Schoenheimer said yesterday. The investment division will be responsible for manufacturing and managing multi-asset
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