A political drive to extend the EU bonus cap beyond the banking sector was stopped in its tracks as the bloc’s main legislative body narrowly voted against strict curbs on retail fund managers’ pay. In a landmark European parliament vote that will come as a great relief
Read more →Bank-owned asset management groups will be put at a “significant disadvantage” to independent and insurance-owned fund houses under new, divergent remuneration rules in Europe. From 2014, senior asset management staff at banking organisations will see bonuses capped at 100 per cent of fixed salary, or 200 per
Read more →Fidelity Worldwide Investment has appointed Michael Bargholz as managing director, Australia. He will report to Asia Pacific ex-Japan managing director Mark Talbot and takes up his new position immediately. Bargholz’s appointment follows the departure of former country head Gerard Doherty in March. Bargholz joined Fidelity in February
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