Daily News Analysis
22 May 2013
Aberdeen Asset Management has completed the deal to buy US-listed Artio Global Investors for a sum of $179. 7 million, based on a price of $2 . 75 per share, following the firm’s announcement in February.
20 May 2013
BMO Global Asset Management has hired Don Borschel as director of national accounts in Chicago, IL, while Jeff Cole rejoins the firm as a relationship coordinator for BMO Taft-Hartley Services in Las Vegas, NV. Borschel will join the intermediary distribution team, responsible for distributing BMO Global Asset Management investment strategies and BMO Funds to the bank channel and various broker-dealer platforms . Meanwhile, as part of the original team that established BMO’s Taft-Hartley Services business line in 2002, Cole rejoins as a relationship coordi.
20 May 2013
Canada-based CIBC Global Asset Management has made two senior appointments, including a chief investment officer, to strengthen its portfolio management team. Suzann Pennington has been appointed managing director and CIO, while Stephen Carlin starts as a vice president and senior portfolio manager for Canadian equities . Pennington will oversee all of CGAM’s portfolio management and research efforts, but will remain as head of equities and continue to manage the Canadian all-cap mandate, the firm said.
15 May 2013
Manulife Asset Management has hired an emerging markets debt portfolio management team in the shape of Roberto Sanchez-Dahl and Paolo Valle, who join the firm as managing directors and senior portfolio managers. As members of the firm’s fixed income team, Sanchez-Dahl and Valle will manage an emerging markets debt strategy for institutional clients and certain wealth management businesses of Manulife Financial and John Hancock . Reporting to Christopher Conkey, global chief investment officer, the pair will also support other global debt strategies investing .
10 May 2013
Bruce Karpati is leaving the Securities and Exchange Commission to join Prudential Investments as chief compliance officer, with effect from May 13, 2013. In addition to leading compliance for Prudential’s registered investment advisory company, Karpati will also serve as CCO of the firm's mutual funds boards . Karpati spent over 12 years at the SEC, most recently as national chief enforcement officer within its asset management unit.
2 April 2013
Mexico is home to the world’s richest man in the form of telecoms magnate Carlos Slim, but its wealth management market has not received the attention of Brazil’s. That may be changing as the emerging economy garners attention from the industry.
4 March 2013
A rising number of young individuals are “taking the reins” on their families’ philanthropic efforts, says Rebecca Eastmond, head of philanthropic services for EMEA at JP Morgan Private Bank.
8 February 2013
This publication recently spoke to a number of wealth management executive search firms about their views about trends in the industry and issues to watch this year.
2 November 2012
As part of a series interviewing some of the most senior people at the world’s best-known private banks, here Family Wealth Report contributing editor Charles Paikert sits down with Credit Suisse’s Anthony DeChellis.
19 October 2012
Wealthy individuals and their advisors must realize that volatility is not the same as risk and accept that market gyrations can be a price worth paying if it means avoiding permanent losses, says Presidio Group.
News and Features
Comment and Analysis
The UK's Financial Conduct Authority has fined JP Morgan International Bank a total of Ł3.08 million (around $4.6 million) for systems and controls failings at its wealth management business.
23 May 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013