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.
Three months after announcing their entry into the rapidly growing European ETF market, Peter Thompson, head of European ETF business for Goldman Sachs Asset Management (GSAM), exclusively tells Asset News why it’s still not too late for them to grab a piece of the continental ETF pie.
The award of the French state's Légion d'Honneur to BlackRock France chairman Jean-François Cirelli has amplified misleading critics over the nearly $7trn asset manager.
Asset News recaps some of the predictions released by consulting firms during the 2010s about the future that awaits the asset management industry in the upcoming decade.
Wealth management divisions of private banks are leading distribution channels for ESG products in Europe, driving the burgeoning responsible investing trend in the continent.
Santander Securities Services is transferring its Spanish activities to Caceis and half of its businesses in Brazil, Mexico and Colombia.
Union Investment, LBBW Asset Management and Ampega Investment are the three asset managers most liked by German institutional investors, according to the latest annual survey by Telos, a ratings agency.
French asset management group Amundi and BOC Wealth Management, a Bank of China subsidiary, have been granted approval by the China Banking and Insurance Regulatory Commission for the establishment of an asset management joint venture.
At Axa IM there are still fears of a merger, even though the insurer has reiterated its refusal to sell its investment management business.
Gérald Harlin, executive chairman of Axa IM, took office on 1 December. He presents his roadmap in preparation for 2020 and discusses the merger rumours that have hovered around the group since 2017.
Boston Consulting Group has issued a report on how global asset management firms can step into Chinese market as it is ever more opening to foreign capital.