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
Read more →European asset manager Carmignac Gestion is to launch a range of 10 funds for UK investors as it opens its London office. The asset manager will target wealth managers, family offices, private banks, IFAs and institutional clients. Eric Helderlé, managing director at Carmignac Gestion, says: “The depth
Read more →“Vanguard has hired three regional sales people ahead of the retail distribution review and its long-awaited entrance into the UK exchange traded funds market. Matthew Hendy and Andrew Walker have both joined Vanguard from HSBC, and will cover the South West England and East England respectively. Tanya Allerton will also be
Read more →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,
Read more →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
Read more →Lombard Odier Investment Managers has named Marcel van Ostaden as head of sales for the Netherlands, Belgium and Luxembourg. Van Ostaden, who will be based in Amsterdam, had been sales director for the Netherlands at BlackRock since 2005. Van Ostaden will report to Marius Wuergler, head of
Read more →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
Read more →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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