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 →Given the pending reality of the RDR we have had an obvious focus (both in terms of articles and client work commitments) to the UK retail fund market , there are however a number of really interesting ‘RDR type’ discussions taking place in other regions where we work
Read more →Investec has launched a diversified growth fund, managed by Philip Saunders, as part of its creation of a new range of risk-rated funds ahead of the RDR. The Investec managed solutions range is made up of four funds. Alongside the newly launched Investec diversified growth fund sits
Read more →Old Mutual Asset Managers UK and Skandia Investment Group (SIG) are to be merged into a single business, to be headed by Julian Ide. According to parent company Old Mutual, the combined business will be “the investment engine” behind its wealth management business. Ide, who is currently
Read more →BNY Mellon has appointed PeterPaul Pardi as the global head of distribution for its investment management business. Pardi will be based in London and report to Curtis Arledge, chief executive of BNY Mellon Investment Management, and Mitchell Harris, president of BNY Mellon Investment Management. He replaces Paul
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