The Personal Finance Society (PFS) has launched an RDR website to help members develop their post RDR business model. The Complete Business website will provide firms with guidance to work through three stages of RDR readiness. The first stage helps advisers to comply with the mandatory standards
Read more →Over the next three years, Australian investment group Perpetual will embark on a transformation strategy that will significantly simplify its corporate structure, refocus its operational activities and capture new opportunities for growth. The Company will be reshaped as a large independent boutique wealth manager that will best leverage
Read more →Skandia Investment Group and Old Mutual Asset Managers UK have appointed Warren Tonkinson as the global head of distribution. The appointment follows the recent decision by Old Mutual to merge the asset management businesses. The merged businesses will be headed by Old Mutual Asset Managers UK chief
Read more →JP Morgan Asset Management (JPMAM) has announced the intention to combine its multi-asset capabilities across its investment management and private banking businesses into a new group called Asset Management Solutions. The group, which will manage more than $100 bill globally will be led by Seth Bernstein who
Read more →L&G Investments is considering risk-rating its multi-manager range, which consists of the £249m Multi-Manager Growth Trust, £231m Multi-Manager Income Trust and £31m Multi-Manager Balanced Trust funds. It is the latest firm to look at risk-profiling its funds. Schroders says it is considering risk-rating some managed funds while
Read more →Unigestion has announced the appointment of Frances Smyth as Director, Institutional Clients, United Kingdom. Frances Smyth has more than 16 years experience working in the UK institutional market in both business development and research capacities most recently, at AllianceBernstein, where she was Director, Client Relations, responsible for the
Read more →Paul Feeney has been appointed as chief executive officer (CEO) of the £63 billion arm of Old Mutual’s wealth management business. Old Mutual Wealth Management, which includes Skandia UK, Skandia International, its European business, Skandia Investment Group, and Old Mutual Asset Managers, saw net cash flow of over £2 billion last
Read more →BNP Paribas Wealth Management has announced seven senior appointments as part of its growth plan for the Asia-Pacific region. Ivan Ching, Alex Xu, Maggie Zhang and Mandy Koo joined the China Team to tap the growing high net worth class in China market. Ching and Xu have
Read more →Fidelity FundsNetwork have announced that they will make 50 physically-backed exchange traded funds (ETFs) available on its platform from next week. The platform will launch a initial range of ETFs from Credit Suisse, ETFS, HSBC and iShares on June 18 and make them available alongside all of
Read more →Kleinwort Benson has appointed former Deutsche Bank senior manager Clive Wright to the newly-created role of head of private wealth management offshore, continuing a run of recent senior hires in the company. He will be based in Jersey and report to Stephen Rothwell, head of private wealth
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