BMO Financial Group (BMO) will expand its asset management business into Australia, operating as BMO Global Asset Management. BMO’s Australian branch will be based in Melbourne under the direction of Ravi Sriskandarajah, the former head of institutional business at BlackRock. Sriskandarajah has more than 15 years of
Read more →UK-based alternative asset manager Man Group has appointed Jamie Douglas as chief executive of its Australian business, Man Investments Australia. Douglas is the former managing director for all foreign exchange and emerging markets at JP Morgan London’s chief investment office. He will be responsible for providing local
Read more →Legal and General is undergoing a restructure which will see its unit trust business become a part of Legal and General Investment Management (LGIM) and its annuities business spun out as a separate division. Mark Gregory has been appointed group chief financial officer as a result of
Read more →“The launch of the ASX Managed Funds Service (AMFS) – informally known as AQUA II – may be one step closer to realisation following the release of a consultation paper by the Australian Securities and Investments Commission (ASIC). The regulator will reach a decision in November, and
Read more →Ian Pascal is replacing Rob Page, who will leave the company in July for Henderson Global Investors. Based at the London headquarters, Pascal will report to Harriet Steel, global head of business development and lead Hermes’ global institutional and wholesale marketing strategy and will head all corporate
Read more →Investec has reported net inflows of £4.9bn for its asset management and wealth and investment business, as part of its yearly results announced today. Profit before tax rose significantly in Investec’s wealth and investment business too, up 30.9 per cent to reach £50.7m from £38.7m the previous
Read more →Coutts has appointed Sarah Wyse as head of marketing and UK business development, a newly-created role to help drive the firm’s expansion through intermediaries. In her new role, Wyse will report to chief executive Michael Morley and the firms’ head of products, services and marketing Ian Ewart.
Read more →Artemis Investment Management has hired Richard Pursglove as head of retail, to drive the firm’s distribution strategy from September this year. Strengthening Artemis’ existing sales team and reporting to Artemis’ Head of Asset Gathering, Dick Turpin, Richard will be responsible for the future development and delivery of
Read more →Following an intensive period of industry consultation, the structure and inclusions of Fishtank’s Social Media Intelligence (SMI) focused on Australian Investment Management and Superannuation have now been finalised. The next report containing agreed refinements will be available to subscribers in mid July and cover the period from January
Read more →Perpetual has appointed Dean Winterton as general manager distribution for its Perpetual Investments business. Winterton will be responsible for driving inflows via a targeted sales and marketing strategy aimed at reducing redemptions and growing the business from its current base of $26 billion in funds under management.
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