Intesa Sanpaolo to float Fideuram
Banca Fideuram, the private banking and asset management unit of Intesa Sanpaolo, is to be floated in the next few months.
Managers snub depository guarantee
Asset managers have rejected the idea that depository banks should guarantee Ucits assets, a move that has left some industry experts baffled.
Deutsche to persist with cost, job cuts
Deutsche Bank is to continue cutting costs at its ailing asset management business despite cutting costs by a third compared with 2007.
Pimco’s Gross to manage more funds
Bill Gross, founder of US bond fund specialist Pimco, is to take over primary responsibility for the day-to-day running of four closed-ended funds with immediate effect.
Efama, Lipper cool on ECB fund stats
For the first time, the European Central Bank has started publishing monthly figures on fund unit transactions and fund holdings.
Ex UBS execs escape Swiss tax proceedings
Switzerland has decided not to launch criminal proceedings against former senior UBS executives embroiled in the US tax evasion case.
Lombard Odier Spain boss ousted
The head of Lombard Odier’s Spanish asset management business, Andrés Aramburu, has left the firm in connection with a reorganisation of its Barcelona offices.
Madoff aide helped in arrests: lawyers
Information provided by Frank DiPascali, Bernard Madoff’s right hand man, was used to prosecute three individuals associated with the jailed swindler, according to Mr DiPascali’s lawyer.
Raiffeisen forecasts 10% asset rise
Raiffeisen Capital Management, Austria’s largest asset manager, forecasts an increase in assets under management of around 10 per cent for 2010.
Arrowgrass hires former Gartmore star manager
Gartmore’s former co-head of fixed income, one of London’s best-known bond managers, has joined a hedge fund firm 10 months after leaving the UK asset manager.
