People Moves | 28 Apr 16
PEOPLE MOVES: Schroders, Julius Baer, Aberdeen AM…
Schroders confirmed two senior appointments despite public protestations, while Julius Baer has revamped its UK front office. Aberdeen AM has poached its new Asia Pacific head of multi asset from Alliance Bernstein, with Providence creating a new regional director role in Asia.
Deutsche AM revenue down 12%, Wealth down 8%
Deutsche Asset Management reported a net revenue decrease of 12% in the first quarter, dropping to €736m (£571.2m, $832.4m) from €840m in 1Q15.
Zurich enters takaful insurance with Malaysia’s MAA buy
Zurich Insurance is poised to buy Malaysia’ MAA Takaful after receiving regulatory approval.
Asset managers expect US equity collapse
Asset management companies expect US equities to generate negative returns in excess of 5% in dollar terms, according to a poll conducted in April by International Adviser’s sister publication Expert Investor.
Asia Pacific Funds Passport takes big step forward
Representatives from Australia, Japan, Korea, and New Zealand signed a memorandum of cooperation (MoC) on the Asia Region Funds Passport (ARFP) on Thursday, that should see the initiative launched next year.