Knut Gezelius, lead portfolio manager of SKAGEN Global argues that while financials are still unpopular, many banks are now overcapitalised, therefore offering an attractive investment opportunity. Since the 2007-2008 financial crisis, financial companies have been losing popularity among global investors. However, the lower prices for financial equities are now creating new opportunities. At the end of February, four […]
Christian Grabbe has been appointed chief operating officer of Solactive AG, the Germany based provider of indices used to create ETFs and other index based products. Grabbe (pictured) joins from Baader Bank, where he held roles including head of Derivatives Trading, as well as developing a mutual funds and ETF trading desk. Previously, he worked […]
Threadneedle Investments has appointed Maya Bhandari as Investment Strategist in its Multi-Asset Allocation team. Bhandari, who started on 18 August, is based in London and reports to Toby Nangle, head of Multi-Asset Allocation. Her appointment follows the recent appointment of Craig Nowrie as Client Portfolio Manager to the Multi-Asset Allocation team. Bhandari joins Threadneedle from […]
Smart beta solutions were originally developed for equities, but now some of the key product providers such as Lyxor Asset Management are offering the same approach for bonds.
Citigroup is to pay out $590m to shareholders in one of the biggest settlements connected to the global financial crisis, after it was accused of hiding its subprime exposure during the 2008 crash.
Global sukuk issuance for 2012 is expected to reach a new all-time high, more than doubling the pre-crisis record total set in 2007, according to the Zawya Sukuk Monitor.
Morgan Stanley is revamping its business to target wealth management as an answer to a slump in revenues from trading and investment banking, but questions remain about the bank’s ability to turn its business round after its 2Q earnings missed their target.
Citi, the third largest US bank by assets, announced a fall in second quarter profits and revenues, due to the sale of a stake in Turkey’s largest bank and other troubled assets it sold off after the 2007-08 crisis.
RBS and Lloyds, the two UK tax-payer backed banks, are among a dozen financial groups being investigated for manipulating the Libor rate, which resulted in a record £290m regulator fine for Barclays.
Citigroup has appointed Renzo Arcoria as head of the bank’s markets division in Italy.
Santander Asset Management’s head of fund selection identifies the advantages of being a global company.
Citi has named Ruud Hendriks as a senior adviser for its markets businesses in the Netherlands. The financial services group is seeking to extend its reach in the Netherlands.