Asset Management
Latest News for Asset Management
- September 8, 2010 - Ex-UK Trade Minister Is Named Chairman At PineBridge
Former UK trade minister Lord Mervyn Davies has joined PineBridge Investments, the asset management firm previously owned by American International Group, as non-executive chairman. Davies steps in from US private equity firm Corsair Capital, where he still serves as vice chairman and partner.
- September 8, 2010 - Berkshire Bank Announces New VP, Trust Officer
Berkshire Bank has named Remus Preda as vice president, trust officer. The Massachusetts bank brought in Preda as a trust officer at its Vermont branch in 2007.
- September 8, 2010 - New North America CEO Named At Aviva Investors
Aviva Investors has appointed Pat O'Brien as chief executive officer of its North American business. O'Brien served as head of international for Wachovia Global Asset Management between 2008 and 2009.
- September 8, 2010 - First Republic Bank Bolsters Private Banking Unit With New Hire
First Republic Bank has named Theresa Yoon as senior relationship manager. Prior to her appointment, Yoon served as managing director for the private bank division at Modern Bank.
- September 7, 2010 - Lakeview Investment Appoints Portfolio Manager
Lakeview Investment Management has named Tony Lissuzzo as portfolio manager of Lakeview Opportunity Funds. Lissuzzo has almost two decades of experience with multi-manager investments and most recently served as head of new investments at Man Group.
Latest Features for Asset Management
- September 18, 2002 - Swiss private banks overhaul business models to survive, retain clients
Bull markets buoyed Swiss banks for so long that no one thought to take a closer look at the underlying business structures that some say need overhauling. Profits are down for a second year but local private banks are beginning to remould themselves into a more modern, competitive version of their former selves, each in its own way. Gone are the days when private banking was a straightforward business.
- November 1, 2002 - Movers & Shakers: October 2002
Chris Cottrell, head of clients at Global Asset Management, is moving to Sagitta Asset Management in London to take over as chief executive, sources told Private Client Management. Cottrell will join at the beginning of next year, replacing Bob Michaelson , who is retiring, a Sagitta spokesman confirmed. Sagitta manages more than £1.
- December 4, 2002 - Wealth report: Brokerage model increasingly inappropriate for very wealthy in US
Many of the wealthiest people in the world still call the US home, even though America's wealth has been eroded significantly because of the tech wreck and harsh market conditions. The country's ultra-high net-worth individuals — such as Bill Gates, who is worth an estimated $43bn; Warren Buffett, who is worth $36bn; and Paul Allen, who is worth $21bn — certainly have little to worry about. Firms that cater for high net-worth investors, however, are beginning to realise the need to refocus their asset management strategies in order to attract more clients in today's turbulent markets.
