Investors are worried about the risk of a Marine Le Pen victory in France's upcoming election. But Brexit reveals that economics often trumps politics when it comes to asset movements.
Nick Pollard takes the reins at the investment association from Paul Smith, who has been overseeing the region as part of his duties as global head.
The Swiss firm aims to replace senior executives and grow its regional team of relationship managers, following the completion of its Coutts deal. China is a major focus.
JP Morgan Private Bank will see its Asia-Pacific deputy chief executive leave this month to take over as CEO of UK private bank Coutts.
The Swiss private bank is seeking relationship managers and team heads as it strives to deepen its Asia presence after acquiring Coutts International’s assets.
The traditional method of setting a strategic asset allocation several years ahead is being challenged in an environment where investors are having to deal with low returns and market uncertainty.