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.
A cooperation agreement will see a combination equity and research capabilities between Macquarie’s Asia Pacific bastion and Kepler Cheuvreux’s European stronghold.
Some 290,000 customers of the investment platform are expected to have lost money.
London-based asset management boutique RWC Partners has found a new long-term partner Lincoln Peak Capital.
Sebastien Thevoux-Chaubel, ESG analyst at Comgest, highlights the regulatory and data black holes that challenge smooth ESG integration for asset managers.
On 10 October, the recourse was dismissed as being inadmissible by the eighth chamber of the Court of Justice of the European Union (CJEU).
Credit rating agency Moody's on 24 October issued a note on the asset management sector in Europe.
The investment manager administers clean energy infrastructure funds with commitments totalling over CHF 1 billion