Wealth management
Union Bancaire Privée’s assets under management rose 5.9% to CHF 125.3bn ($130.92bn) in 2017 from CHF 118.3bn in 2016. Rising markets, net inflows from institutional investors of CHF 2.5bn and new money from private clients in emerging countries more than offset outflows resulting from further tax regularisations mainly by non-European clients. Net profit was also up 25% to CHF 220.4m from CHF 176.4m in 2016…
People moves
BNY Mellon Investment Management has appointed Phoebe Ao Leong as Hong Kong-based head of intermediary distribution for Greater China. In this newly created role, she will be responsible for growing and strengthening the firm’s relationships with third party distributors and private banks in Greater China and will report to Nicolas Kopitsis, Singapore-based head of intermediary distribution for Asia-Pacific ex-Japan. Before joining the firm, she was previously Income Partners’ director and head of private bank and retail bank distribution…
Fidelity International has appointed Michael Gibb to the newly created role of head of stewardship and sustainable investing. Reporting to Paras Anand, chief investment officer for European equities, Gibb will oversee the firm’s strategy and policies on engagement, voting and ESG integration across its active product range. He will also lead Fidelity’s ESG team of seven people. He has 17 years of investment experience and has worked in Martin Currie Investment Management, Credit Suisse and Gartmore Investment Managers. Most recently, he completed an MBA from the University of Edinburgh Business School, focusing on ESG engagement…
Hermes Investment Management has appointed Lin Chew as Singapore-based director for its Asia-Pacific business development team. She will be responsible for managing engagement with the firm’s clients and prospects across the region and will report to Jakob Nilsson, head of business development for Asia-Pacific. Before joining the firm, she was previously from Winton Capital Asia’s business development team, working with investors, distributors and consultants across the region…
Vontobel Asset Management has hired Thierry Larose to its bond team, specialising in local currency bond. Before joining the firm, he was previously from Degroof Petercam Asset Management in Brussels, where he was a portfolio manager…
Business moves
BEA Union Investment Management has launched a multi-asset fund that invests in Chinese stocks and bonds. The BEA Union Investment China Gateway Fund will invest in Hong Kong stocks, A-shares, ADRs and onshore and offshore bonds…
Societe Generale has launched six daily leverage certificates (DLCs), to be listed on the Singapore Exchange. The new products include long and short DLCs offering a fixed leverage of up to seven times the daily returns of three underlying indices: MSCI Singapore, Hang Seng Index, and Hang Seng China Enterprises Index. These products were introduced on the back of an increasing retail investor demand with about S$14m ($10.61m) of average daily turnover of the first batch of 10 DLCs launched by the firm in Singapore six months ago. Currently, the 10 DLCs are still the only ones available on the Singapore Exchange and in Asia…
Seeyond, Natixis Investment Managers’ quantitative investment division, has spun off and became an affiliate of the firm. The firm, which manages €7bn ($8.58bn) in assets, aims to double its AUM by 2021…
China Post Global, the international asset management arm of China Post & Capital Fund Management, has listed its Market Access iStoxx MUTB Japan Quality 150 Index Ucits ETF on the London Stock Exchange. Although the firm is listed on Germany’s Deutsche Börse and Switzerland’s SIX, this is the first time the firm has listed a product on the London Stock Exchange since it acquired the Market Access range of ETFs from Royal Bank of Scotland in 2016…
