Wage growth in Russia, prompted by the country’s recent accession to the World Trade Organisation, is boosting consumer demand, making the consumer sector an attractive investment opportunity.
Swiss private banking firm Julius Baer Group is aiming to reduce its combined staff base by up to 17% in more than 50 locations, following the acquisition of Merrill Lynch’s international wealth management business outside the United States.
Sberbank of Russia has hired Vlada Gosal from Bank of America Merrill Lynch (BAML) as managing director for debt capital markets in its investment banking team.
Rising Chinese salaries and US wage stagnation are causing factory repatriation and a US ‘manufacturing renaissance’, managers and allocators say.
Camradata Analytical Services and BofA Merrill Lynch Global Research have launched ESG Geographic Portfolio Analysis to help institutional investors identify environmental, social and governmental (ESG) exposure in their international exposures.
The Abu Dhabi Investment Authority has appointed Benjamin Weston as global head of alternative investments, joining from Helvetica Wealth Management, a company controlled by Credit Suisse and the State of Qatar.
Knut Ramel has written a no-holds-barred book on his 30 years as an investment banker, working for a number of the world’s biggest financial firms as their Nordic expert.