SVG Investment Managers (’SVGIM’) has announced the appointment of Theresa Russell as Head of Sales and Marketing, with immediate effect. As per the SVG press release, “In her new role, Theresa will be responsible for increasing the investor base and assets under management across all SVGIM’s products.
Read more →Franklin Templeton Investments Australia Ltd. has hired Joe Marassa as head of marketing. Marassa joined the company last month and is working from Templeton’s Sydney office. He previously worked at Colonial First State and ING Investment Management where he was head of marketing. Source: Franklin Templeton hires a
Read more →Neuberger Berman adds distribution roles in HK, Singapore Neuberger Berman Asia has hired two business development directors in newly created roles to focus on selling to financial intermediaries, one in Hong Kong and one in Singapore, AsianInvestor can reveal. Mark Serocold started in Hong Kong this week,
Read more →Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for retail distribution review (RDR) implementation. In its Q1 interim management statement today, the provider suggested it is
Read more →Man Group Plc (EMG), the world’s biggest publicly traded hedge fund manager, reported that clients withdrew a net $1 billion in the first quarter, while costs such as employee bonuses ate up more cash than analysts expected. Source Bloomberg: read full article here;
Read more →Unigestion has announced a strengthening of its institutional presence in Germany, with the hiring of Reto Germann from Credit Suisse. Germann will work with the $13.6bn Swiss manager’s institutional clients team focusing on Germany and Austria. Some 90% of Unigestion’s clients are institutional, the remaining 10 are
Read more →This article includes a great cost insight into the RDR defensive strategies – with Cofunds declaring they will continue investment during 2012 in preparation for the implementation of the retail distribution review (RDR). The funds platform saw expenses increase by more than £9m during 2011, as a
Read more →In a statement, HSBC says the underlying cost of providing banking services in Britain is rising because of changes to the regulatory framework, and mentions the FSA’s RDR as one example of this. The group predicts the RDR will have a “major impact” on its business levels
Read more →