Legal & General Investment Management has appointed Simon Thompson as chief operating officer. Thompson joined LGIM in 2011 as head of product strategy and development. Prior to this he was a partner and the chief operating officer of Millgate Capital. He will report to chief executive officer
Read more →Henderson Global Investors has sought to strengthen its presence in the Asian market by naming a new CEO for its Japanese operations. PIMCO’s former head of operations for the Asia Pacific region, Shiro Tsubota, has taken over from current CEO Takashi Muramatsu. Muramatsu, who has taken an executive
Read more →BNY Mellon has acquired the remaining half of Germany-based WestLB Mellon Asset Management, which it has held in a joint venture with Portigon (formerly WestLB AG) since 2006. The transition to 100% BNY Mellon ownership will see Werner Taiber, who was most recently a member of the
Read more →Invesco Perpetual’s head of distribution Ian Trevers has said a multi-asset capability will be essential for success post-RDR after Invesco revealed it had hired a trio of multi-asset managers last week. The group has poached Richard Batty, David Millar and David Jubb, who currently work on Standard
Read more →In its 10th annual survey of the fund management industry, the IMA noted concerns from some of its members that investors who could no longer afford advice following the ban on commission payments may not be willing to take on riskier investments without the input of an
Read more →Less than four months after taking over as chief financial officer at Man Group, Jonathan Sorrell purchased 304,878 shares in the company at a price of 82 pence each on the 13th September. Following the transaction, shares in Man Group rose 4.5 % to 85.90 pence by 10am
Read more →Acquisitions in the Self-managed super fund (SMSF) space are proving commonplace as businesses attempt to build client bases during the current market conditions, with SuperIQ previously expressing a desire for growth. In the latest wave of consolidation in the space, SMSF provider SuperIQ has acquired former Perpetual
Read more →Insight Investment has announced currency risk manager Pareto Investment Management is to be merged into the Insight Group. Pareto IM has around £27bn of assets under management and has operations in the UK, USA, Asia and Japan. The transaction is set to be completed by January 2013,
Read more →The IMA has reshuffled its board, swapping senior representatives from Newton, Lazard and Aviva Investors for others from Fidelity, LGIM, Henderson and Aberdeen. Hugh Mullan, UK managing director at Fidelity, who this week was named responsible for Fidelity FundsNetwork following the departure of David White, is one
Read more →Fidelity Worldwide Investment has appointed Hugh Mullan as its new head of FundsNetwork to replace David White who has left the company. Mullan will continue to also be head of Fidelity’s UK defined contribution and retail business. White has left Fidelity after 10 years and was most recently responsible for developing FundsNetwork’s unbundled
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