Three Julius Baer men take up senior posts at Investec
Three former Julius Baer executives have joined the London office of Investec Wealth & Investment as senior investment directors.
News
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Vanguard direct-consumer platform a ‘step change in customer experience’
Vanguard’s new direct-to-consumer platform has been hailed as a potential threat to established investment-distribution giants, in research by Platforum.
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Aberdeen UK distribution head exits as group prepares for merger
One of Aberdeen Asset Management’s most senior salesmen has announced plans to move to Franklin Templeton.
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Daniel Godfrey to unveil manager line up for People’s Trust next week
Former Investment Association chief Daniel Godfrey is set to unveil the full line-up of managers who will run his new investment trust, The People’s Trust, next week.
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Wisdom Tree offers short-duration SHAG to investors
Wisdom Tree has united with Bloomberg Barclays to launch SHAG, an exchange-traded fund (ETF) targeting short-duration US fixed income.
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Brazilian shares nosedive and market suspended amid bribery scandal
The Brazilian share index has fallen by 9% in a day after the nation’s president became embroiled in a bribery scandal, in its worst fall since 2008.
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Business lobby in chilly reaction to Tory manifesto
The UK’s top business lobby group has criticised the focus on reducing net migration in the Conservative Party manifesto.
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Coombs: Passives are ‘blunt’ tools in post-Brexit reality
David Coombs, head of head of multi-asset investments at Rathbones believes passive funds may be inadequate to overcome the challenges arising in the new political climate.
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FCA finds 40% of advice provides ‘unacceptable’ disclosure
The Financial Conduct Authority (FCA) has found “unacceptable” levels of disclosure in over 40% of the financial advisory sector as it releases the results of its Assessing Suitability Review.
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Beaufort IM hires ex-Brewin man as investment manager
Beaufort Investment Management has appointed Peter Cousins to the role of investment manager.
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Axa launches global short duration fund
Axa Investment Managers (Axa IM) has launched the Global Short Duration Bond fund.
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Caddick: Failing on Mifid II ‘not an option’
Fund groups are still not fully prepared for the introduction of Mifid II despite that not being ready is “not an option”, Santander Asset Management’s Tom Caddick has said.
