BNY Mellon names wealth director; Mercer shuffles wealth team; Manulife AM creates global EM team; Isabelle Tian joins Sarasin; State Street adds Seck to management committee; and Withers enters Australia.
Temasek names new chairman, L&G hires ex-State Street MD, Bosera appoints new GM, RBC WM grabs more Sarasin execs, Allianz GI names EM debt specialist
Grace Barki has departed Bank Sarasin after just over two years with the Swiss firm. She is expected to re-enter the market after some time out.
Solvency II in Europe has given Sarasin CIO Burkhard Varnholt an intriguing idea for cautious but yield-hungry investors.
The bank picks up eight headed by Elina So after failing to acquire a majority shareholding in its rival. Sarasin defends its position after reasserting its China strategy earlier this week.
The Swiss firm bumps up three strong performers in-house, announcing its first head of China. Its regional chief talks about her priorities and relief over the acquisition by Safra.
The Swiss bank’s Asia CEO wants more relationship managers on board by the first quarter next year and sees establishing a China presence as the big challenge for 2011.
Asset managers believe Western economies, other Asian currencies and commodities will benefit from renminbi reform. But they are less positive on China itself.
The Swiss private bank has poached Damien Ng from Credit Suisse where he held a similar role.
The Swiss private bank opens its first branch outside of Switzerland, which is more proof – if you needed it – that the growth story for wealth management is in Asia.
The Swiss private bank cites its sustainable investment credentials as an advantage when it comes to offering a range of Islamic wealth products.
Sustainable and socially responsible investing is set to continue its strong growth, according to Switzerland's Bank Sarasin and German industrial group Siemens.