Fiera Capital has opened an office in the Netherlands and appointed a newly-created head of Benelux and Nordics distribution as part of its expansion plan in the EMEA region. The independent asset manager with over $122.6bn AUM as at 31 December 2023, said in a statement on 30 April the activities in the new office […] The post Fiera Capital opens Dutch office, names head of Benelux and Nordics distribution appeared first on Investment International ..read more

Ian Sweet is to step down as interim CEO of Skybound Wealth Management "by mutual agreement " as Mike Coady becomes the firm’s new chief executive officer, working alongside Husain Rangwalla, Josh Burton, and Peter Gollogly. Coady (pictured) said in a statement to 'partners' in the business on 30 April that his appointment "comes after […] The post Mike Coady becomes CEO of Skybound WM as Ian Sweet steps down appeared first on Investment International ..read more

The Federation of European IFAs (FEIFA) said on 1 May it has formed a formal affiliation with investment company Oakglen Wealth. The relationship with FEIFA will be headed up by Nick Davis, investment director – UK, at Oakglen. Davis said: “We are thrilled to announce a new chapter in our journey, as Oakglen Wealth proudly […] The post Oakglen Wealth partners with FEIFA appeared first on Investment International ..read more

St James’s Place Asia saw gross inflows of £0.05bn for the quarter which were exceeded by outflows of £0.07bn to give funds under management of £1.76bn, in its quarterly update published today (30 April). SJP Asia FUM were up from £1.53bn at 31 March 2023,  which saw gross inflows of £0.04bn for the quarter exceeding […] The post St James's Place Asia grows FUM to £1.76bn but sees net outflows in Q1 update appeared first on Investment International ..read more

Actuarial consultancy OAC (part of the Broadstone Group) has launched a new asset projection tool for investment managers working with insurers. The new tool, Summertime, allows investment managers to bridge the gap between their traditional analysis and actuarial analysis that boards see from actuaries. As a consequence, investment managers will now be able to see […] The post Asset projection tool launches for investment managers working with insurers appeared first on Investment International ..read more

HSBC has exceeded profit forecasts in its Q1 report with profit before tax £12.7bn (down 2.3%) vs $12.6bn expected, while surprising the market with news of group chief executive Noel Quinn stepping down. Quinn (pictured) became chief executive, initially on an interim basis, when John Flint left in 2019 after only a short stint, and […] The post CEO exit a surprise as HSBC reports Q1 Argentina business sale, Canada completion appeared first on Investment International ..read more

Two money laundering cash couriers were imprisoned on 26 April 2024 for their role in transporting illegally obtained money out of the United Kingdom to Dubai.  Mehdi Amrollahibyouki, 41, and Ali Al Nawab, 44, were sentenced to four years imprisonment and two years imprisonment suspended for two years respectively for money-laundering related offences at Isleworth […] The post Two jailed for laundering cash in suitcases from UK to Dubai appeared first on Investment International ..read more

Financial advisers from across the world have reacted on linkedIn to a Sunday Times report  published 28 April on the ongoing saga of Brite Advisory Group entitled 'The thief, the fraudster and £3bn of missing pensions'. The Sunday Times piece emphasised the scale of operation involving multiple regulators, as previously reported in a series of […] The post Industry cites ‘excellent’ list of international advisers amid Brite Advisors Sunday Times report appeared first on Investment International ..read more

Royal London Asset Management today unveiled the restructure of its global equity team "with immediate effect". This follows the resignation of head of equities Peter Rutter and a number of the global equities team, "who we understand would like to set up their own company", Royal London said. Chief investment officer Piers Hillier takes on […] The post Royal London AM restructures global equity team 'with immediate effect' as Peter Ruffer exits appeared first on Investment International ..read more

Allfunds Group said today (29 April) that in 2024 it has passed the milestone of €100bn in assets under administration in the UK. Allfunds opened its UK branch in 2005 as part of its strategic expansion across Europe. Since then, the UK has become one of Allfunds’ "key" international markets. In that time, it said […] The post Allfunds achieves €100bn AUA milestone in UK appeared first on Investment International ..read more