Fidelity head of UK retail sales Ben Waterhouse is to move to South East Asia to lead the firm’s sales efforts in the region, with retail sales director Russell Lancaster and head of UK wholesale John Clougherty taking on his responsibilities. Mr Waterhouse joined Fidelity in 2010 from
Read more →LONDON— Henderson Group PLC agreed to acquire U.S. rival Janus Capital Group Inc. for about £2.01 billion ($2.59 billion) as the two active management firms look to cut costs in the face of pressure from low cost fund providers like BlackRock Inc. and Vanguard Group. The planned
Read more →Former Barings Asset Management chief investment officer Ken Lambden is to join JO Hambro Capital Management as group chief executive, subject to FCA approval. Lambden departed Barings in May ahead of its merger with Babson Capital Management and subsidiaries Cornerstone Real Estate Advisers and Wood Creek Capital Management.
Read more →The Australian Government has announced the introduction of two new types of collective investment vehicles (CIVs) as a tax-effective alternative to current Australian pooled investment trusts. The new vehicles will be a corporate CIV and a limited partnership CIV. The availability of these new CIVs is expected
Read more →MEMORANDUM OF COOPERATION ON THE ESTABLISHMENT AND IMPLEMENTATION OF THE ASIA REGION FUNDS PASSPORT Representatives from Australia, Japan, South Korea and New Zealand have recently signed the final Memorandum of Cooperation (Memorandum) setting out the internationally agreed rules and cooperation mechanisms for the Asia Region Funds Passport
Read more →Dan Rudd will return to HSBC Global Asset Management’s (HSBC GAM) UK office in April to take the role of head of UK wholesale. Mr Rudd has been head of wholesale for the Middle East and North Africa (Mena) for HSBC GAM since 2008. Before this, he
Read more →Natixis Asset Management (the €331.4 billion French asset manager) has appointed Mattheiu Duncan, former director at Newton Investment Management and Quilter Cheviot, as chief executive following the announcement Pascal Voisin is to leave the firm. Duncan’s career has spanned roles at Goldman Sachs, Cambridge Place Investment Management,
Read more →Legg Mason has appointed Rick Andrews as head of International Marketing, reporting to Matthew Schiffman, global head of Marketing. Andrews joins from Aviva Investors, prior to that he worked among others at Blackrock, Credit Suisse, Cofunds and Merrill Lynch Investment Managers. Source: Investment Europe. Read full article
Read more →Nikko Asset Management has appointed Udo von Werne as chief executive of its operations in Europe, the Middle East and Africa. He will be responsible for Nikko Asset Management’s business across this region and its continuing growth strategy, and reports directly to Nikko Asset Management President and
Read more →Aberdeen Asset Management Chief Investment Officer Anne Richards is to take over as chief executive at M&G Investments, the fund arm of insurer Prudential. The move is set to be completed later in 2016, subject to regulatory approval. Richards joined Aberdeen after it bought Edinburgh Fund Managers
Read more →