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.
Robeco France is set to announce the appointment of Karim Carmoun, currently in charge of distribution.
The company will list as an independent organisation in the first quarter of 2020.
Swiss asset manager Julius Baer said that a €90m goodwill impairment of its Italian subsidiary Kairos, affected by ‘disappointing’ outflows over the past four months, would dent the firm’s annual target of 4-6% in net new money.
Marisa Drew, CEO, impact advisory and finance department at Credit Suisse, discusses finding alpha in the times of sustainability-driven mandates with Asset News.
The newly-created unit will be in charge of the Japan Equity Engagement Strategy.
This will be the Swiss asset manager's first office in North America.
Italian asset manager Azimut has launched a New York-based company, Azimut Alternative Capital Partners.
Alexander Berg, founder of Index One, outlines to Asset News reasons for lowering index-related costs and how the software company's model can help.
Asset managers released solid results on the quarter, but there has also been reshuffling among managers pointing to changes to come.
Spanish socialist party PSOE led by Pedro Sanchez and radical left party Unidas Podemos on 12 November signed a pre-agreement in a bid to form a coalition government after elections held on 10 November.