Macquarie
Demise of the machines as Macquarie closes robo-advice unit
Macquarie’s direct robo-advice service is to be shut down with its automated advice offering integrated into the bank’s wealth platform following the sudden death of founder and chief investment officer John O’Connell.
People Moves | 10 Mar 17
PEOPLE MOVES: T Rowe Price, Invesco Powershares, Man Group
Asset managers have been on a bit of a hiring spree with T Rowe Price and Invesco’s Powershares expanding their business development teams while Amundi and Man Group announce some internal promotions.
PEOPLE MOVES: Intrinsic, Sesame Bankhall Group, GAM
Old Mutual Wealth’s Intrinsic has lured its new group managing director from Sesame Bankhall Group, which has prompted a management reshuffle at the financial services distributer. GAM has raided Henderson to fill its newly created head of equities role.
Zurich buys Macquarie Life’s risk business
The Federal Court of Australia has approved the transfer of Macquarie Life’s risk insurance portfolio to Zurich Australia, a move that will see the Swiss firm become Australia’s fourth biggest retail insurer in the IFA segment.
People Moves | 20 Sep 16
PEOPLE MOVES: Axa, Legal & General, Aegon
Axa Asia has named a chief executive of Life & Savings and Distribution, while Legal & General have added to its investment and pension risk transfer businesses with two appointments. Aegon Asset Management has bolstered its American real estate advice business with three people moves.