Alain Dromer to leave Aviva Investors

Alain Dromer, chief executive of Aviva Investors, is set to leave Aviva as part of the group’s “new, flatter organisation”.   Alain Dromer The move is part of a wider strategy to “simplify and bring more focus to the business”. A successor to Dromer will be sought,

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Aviva Investors group product director leaves

Shaun Meadows, group product and channel strategy director at Aviva Investors, has left the group “to pursue other opportunities”, according to the group. His responsibilities have been assumed by other senior members of the global business development team. Meadows took up the role in May 2010 and

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GAM is to acquire Arkos Capital

GAM is to acquire Arkos Capital SA, an independent asset management firm regulated in Switzerland with assets under management of CHF 664 million. The transaction is expected to close before the end of the second quarter 2012, subject to regulatory approvals. Arkos manages a range of low-volatility, liquid and transparent

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Fidelity warning on emergence of ‘Ryanair’ fund pricing

Fidelity Worldwide Investment has argued that the asset management industry needs to create a new standard to bring greater transparency to investment charges as ‘Ryanair’ pricing starts to emerge. Following on from Fidelity’s decision in September last year to separately show fund manager, adviser and platform charges,

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Union Bancaire Privée (UBP) acquisition of Nexar Capital Group

Swiss private bank Union Bancaire Privée (UBP) acquisition of Nexar Capital Group will produce a combined hedge funds businesses with $14 billion AUM, a 25% increase on UBP’s assets at the end of 2011. The newly created alternative investment division at UBP will be headed by Nexar Capital’s

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