Willis Towers Watson
Rise of passive continues as global AUM hits $80trn
Passively managed assets continue to eat up a growing a share of total assets under management (AUM) around the world, according to Willis Towers Watson’s Global 500 research.
PEOPLE MOVES: Vanguard, Emirates NBD, VAM Funds
Vanguard has created a new head of European distribution (ex-UK) role, while Middle East bank Emirates NBD has lost its chief investment officer for the second time. VAM Funds has hired an ex-Zurich heavy hitter to make a Middle East push.
PEOPLE MOVES: Mirae Asset Life, HSBC, Schroders
Mirae Asset Life Insurance’s chief executive has resigned and been replaced by one of the company’s vice presidents. HSBC has created a head of financial crime compliance role for its Channel Islands and Isle of Man operations, while Schroders has appointed a head of multi-asset product for north Asia.