Credit Suisse asset management (CSAM) saw pre-tax income fall 37% to CHF133m in Q2, compared to the same period last year, despite realising gains from the partial sale of its stake in Aberdeen Asset Management. The department also saw CHF400m of inflows into alternative investments in emerging
Read more →Fund management Fidelity has launched an unbundled share class purely for its discretionary clients, insisting IFAs prefer to pay 1% for funds through platforms, a claim that has been disputed by other fund houses. The 0.75% ‘clean fee’ share class is to launch later this year on
Read more →Henderson Global Investors is launching clean-fee RDR share classes across its fund range from August 1. The share classes will carry an annual management charge net of any fee payable to financial advisers or fund platforms. On a typical equity fund, the clean share class will have
Read more →Rob Page is the new head of marketing and communications at Hermes Fund Managers and will take up his position in September, having recently resigned his partnership at Ardevora. Page has previously worked at Hill Samuel before senior roles with Barings, New Star and Ignis before joining
Read more →Kleinwort Benson has appointed Malcolm Roberts as a managing director of its private wealth management business. He will join Kleinwort in October, reporting to Stephen Rothwell, head of private wealth management. Roberts has an extensive track record in discretionary management and brings with him to Kleinwort 10 years
Read more →Ignis Asset Management has named Jeremy Soutter as global head of product development, reporting to global distribution head Claude Chene. Soutter will join Ignis from next month and was previously global head of products at Aviva, before leaving in April among a number of changes at Aviva’s asset
Read more →Pioneer Investments has appointed Brian Clay as head of its UK wholesale business as part of its ongoing work to increase its presence. The role will see Clay build relationships between the Boston-based asset manager and UK distribution networks, multi-managers and discretionary managers. He will be based
Read more →Close Brothers Asset Management has named Frankie Mendoza as its head of product infrastructure and strategic relationships. Mendoza was previously operational readiness director at Legal & General Assurance Society and had held a number of senior roles within the group. At Close Brothers, Mendoza will have responsibility
Read more →Fishtank Solutions created CompareSMSF an on-line community in 2007. The market focus of this initiative, Self Managed Super Funds (SMSFs) represents one of the most strategically significant segments of the Australian retirement savings market. One of Australia’s largest financial services companies, AMP, has recently made two significant announcements regarding
Read more →Neuberger Berman has hired former Skandia Investment Group head of global marketing Rob Swan, as senior vice president and head of international marketing. Swan will oversee the Neuberger Berman marketing programmes and initiatives in Europe and Asia in his new role, reporting to head of Europe, Middle
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