The group has created independent wealth management units for Western Europe, Eastern Europe and the Middle East. This will come with 500 layoffs among the 23,000 worldwide wealth management employees.
Kristina Hooper, chief global market strategist at Invesco, says that investors need to be prepared for a changing world order, driven by disruptions such politicisation of central banks and geopolitical shifts, in particular, the Sino-US trade war.

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