Le gestionnaire d’actifs suisse GAM a nommé Ben Edwards au poste de responsable des ventes auprès des investisseurs institutionnels au Royaume-Uni et en Irlande, rapporte InvestmentEurope. Basé à Londres, l’intéressé sera rattaché à Tim Rainsford, responsable de la distribution pour le groupe helvétique. Avant de rejoindre GAM, Ben Edwards a couvert le marché institutionnel au Royaume-Uni pendant 10 ans chez Pimco, où il occupait dernièrement la fonction de responsable des ventes aux institutionnels pour le Royaume-Uni et l’Irlande.

L’an dernier, Bankinvest a débauché l’équipe actions danoises de SEB Asset Management composée de Niels Andersen, Karsten Søndermølle et Kitty Grøn, ce qui lui a permis de remporter de nouveaux clients, indique le site danois FW Asset Management, citant Børsen. Ainsi, Industriens Pension a quitté SEB et confié son argent à Bankinvest. Depuis que l’équipe a rejoint Bankinvest, les encours de la société ont grossi, passant de 3,2 milliards de couronnes danoises à 4,5 milliards de couronnes danoises (430,2 millions d’euros à 605 millions d’euros).

La société londonienne Banor Capital vient de signer un accord de partenariat avec FinecoBank pour la distribution des six compartiments de la Sicav Banor Sicav, rapporte Bluerating. Les fonds sont gérés selon une approche fondamentale value.

HSBC Global Asset Management vient de lancer de nouveaux fonds en Italie, rapporte Bluerating. Les fonds concernés sont : HSBC GIF ASEAN Equity, HSBC GIF Asia Bond, HSBC GIF Indonesia Bond, HSBC GIF Economic Scale Index GEM Equity et HSBC GIF US Equity Volatility Focused.

Les trois sociétés de gestion préférées des professionnels de la sélection de fonds sont BlackRock, JPMorgan et Fidelity, rapporte Bluerating, citant l’étude locale de Fund Buyer Focus. Ensuite viennent, dans l’ordre, Pictet, Nordea, M&G, Invesco, Schroders, Franklin Templeton et Eurizon.

The Korean asset management firm Mirae Asset Global Investments has retained the French third party marketer (TPM) Compagnie Financière Jacques Cœur (CFCJ) to distribute its funds to institutional investors in France, Newsmanagers reports.“This partnership will allow us to accelerate our development serving French institutionals,” Frédéric Niamkey head of sales for France, Geneva and Monaco at Mirae, explains, adding that the TPM formula has already been tested by the firm “with success” in other markets, including some in Southern Europe.The signature of this partnership in France follows the arrival of Niamkey at Mirae in 2015 to cover French-speaking Europe from London, and comes as part of a pan-European development strategy. The strategy was already begun 10 years ago, with the creation of a special Sicav in 2007, which was then put on the back burner during the financial crisis, as investors stayed clear of emerging markets.The product range from the Asian asset management firm will initially be composed of three equity funds: Mirae Asset Asia Sector Leader Equity Fund, an Asia ex Japan equity fund, Mirae Asset Asia Great Consumer Equity Fund, an Asian equity fund themed on consumption, and Mirae Asset India Sector Leader Equity Fund, an Indian equity fund.Niamkey says the time is right to kick off sales efforts in France and Europe, as most funds on sale on the European market have a track record of more than three years, and larger asset volumes (EUR400m for Asia Sector Leader, EUR500m for Asia Great Consumer, EUR150m for India Sector Leader). The Sicav currently has assets of EUR1.9bn. In addition to France, the product is on sale in Switzerland, Germany, Northern Europe and Southern Europe.Mirae, founded in 1997, now has assets under management of over EUR90bn, and is relying on its specialisation and base in Asia to win over investors. The firm, founded in South Koera, has offices in several Asian countries (China, Taiwan, Hong Kong, Vietnam, India), to serve the region. Christophe Chen instits that the firm is independent and that it has a strong base of Asian clients to cushion it from the skittish ways of European investors, who are more volatile in emerging markets.

To better protect savings invetors, the AMF has today signed a partnership agreement with Signal Spam, a national spam-reporting platform for France. Signal Spam is a non-profit organisation led by the public authorities, businesses and representatives of sectors. It has since 2005 mobilised internet users to report spam received to their inboxes. On the basis of these reports, Signal Spam provides actors in the digital economy and public authorities with information to allow them to combat spam and threats associated with cyber-crime.The partnership agreement, which has been signed for an initial period of once year, includes making any information emerging from Signal Spam reports from internet users which may be associated with email frauds or scams involving financial products available to the French financial market authority, the Autorité des marchés financiers (AMF).

Last year, Bankinvest recruited the Danish equity team from SEB Asset Management, composed of Niels Andersen, Karsten Søndermølle and Kitty Grøn, which has won them new clients, the Danish website FW Asset Mangement reports, citing Børsen, Industriens Pension has left SEB and moved its money to Bankinvest. Since the team joined Bankinvest, assets at the firm have risen, from DKK3.2bn to DKK4.5bn (EUR430.2m to EUR605m).

Orca Capital GmbH, a firm based in Munich, has selected Caceis to provide settlement for cash equity operations and settlement-clearance for its securities and trading operations. Orca Capital has also subscribed to the securities lending, execution and compensation services for derivative products from the provider. Caceis has migrated the operations of Orca Capital to its IT systems, and has been providing services to it since late 2016.Caceis has EUR2.522trn in assets under custody, and EUR1.573trn in assets under administration as of the end of 2016.

Keensight Capital, one of the leading players in Europe in Growth Private Equity, and Time for Growth, a European specialist in Growth Capital Digital, on 29 March announced that they have signed an agreement to sell their stake in Oodrive, a European leader in the management of sensitive data in SaaS mode, to a pool of investors led by Tikehau Capital. Time for Growth entered the capital of Oodrive I 2011, and Keensight Capital entered in 2013.Oodrive, founded in 2000, offers professionals file sharing, backup and electronic signature solutions. Its solutions are sold in over 90 countries to more than one million users, and to nearly 15,000 organizations.

The board of directors at HSBC Private Bank has appointed Christophe de Backer with immediate effect as director, the website Romandie.com reports. He replaces Elie Wakim, who will be leaving the management body this week. The new board of directors will now be composed of chairman Andreas von Planta and directors Carlo Lombardini, Khalid Abdullah Almolhem, Christophe de Backer, Kim Fox, Hans-Jürgen Koch and Marc Moses. De Backer will also join the supervisory board at HSBC Private Banking Holdings (Suisse), which includes the private banking operations of the British group in Switzerland and Luxembourg. De Backer joined HSBC Global Asset Management in September 2016 as a member of the executive board and director. De Backer now returns to a banking group which he knows well, as he joined HSBC Private Bank in 1990, and was then appointed as CEO of HSBC France in 2010. Before his return to HSBC, de Backer for three years (2012 to 2015) served at the Edmond de Rothschild group as CEO.

Pioneer Investments has announced the appointment of Matthias Inderbitzin with immediate effect to the position of head of the Swiss market. He will report directly to Fabien Madar, head for western and northern Europe at the asset management firm, now in the process of being taken over by the Amundi group. In this position, Inderbitzin replaces Rainer Lenzin, who in early April joined Credit Suisse to take over as director of distribution for asset management on the Swiss market.

The private bank Lombard Odier has signed an agreement with the Philippines-based UnionBank, with which it has founded two funds approved by the central bank of the Philippines. The two firms will co-manage the risk-based funds, which will be used as core investment vehicles for private clients in the Philippines. The new range includes an aggressive strategy, UnionBank Capital Accumulation Global Fund, and a second more defensive fund.Lombard Odier has since 2012 been signing strategic allegiances in Asia to extend its client base in the region. In addition to the Philippine bank, the private bank has signed an agreement with Kasikombank in Thailand, and has signed partnerships in Japan, Australia and South Korea.

The Vontobel private bank on 29 March announced that it is recruiting Stefan Armbruster as head of its Financial Products Europa division. Armbruster, who will begin on 1 July 2017, previously worked at Deutsche Bank, where he had been co-direcrtor of the Retail Structured Products division.Armbruster succeeds Wolfgang Gerhardt, who will be leaving at the end of April.

The three favorite asset management firms for fund selection professionals in Italy are BlackRock, JPMorgan and Fidelity, Bluerating reports, citing a local study by Fund Buyer Focus which surveyed fund selectors. These are followed, in order, by Pictet, Nordea, M&G, Invesco, Schroders, Franklin Templeton and Eurizon.

The London-based firm Banor Capital has signed a partnership agreement with FinecoBank to distribute six sub-funds of its Banor Sicav, Bluerating reports. The funds are managed according to a fundamental value approach.

HSBC Global Asset Management hs launched new funds in Italy, Bluerating reports. The funds concerned are: HSBC GIF ASEAN Equity, HSBC GIF Asia Bond, HSBC GIF Indonesia Bond, HSBC GIF Economic Scale Index GEM Equity and HSBC GIF US Equity Volatility Focused.

The Belgian private equity investor Gimv has announced the acquisition of the Netherlands-based ALT Technologies from Standard Investment, a shareholder since 2011, in partnership with the management. Gimv acquires a 67% stake, while the remainder will be acquired by the management of the businsess, led by CEO Jean-Luc Verstraeten. ALT Technologies is a top producer of key components in airbags. The company supplies virtually all of the major makers of airbags, with whom it has signed long-term contracts.ALT Technologies aims to grow strongly in Asia in the next few years, particularly in China, and in the United States. The sale price has not been disclosed.

Standard Life plc announces that terms have been agreed to sell its Hong Kong insurance business, Standard Life (Asia) Limited (“Standard Life Asia”)1, to Standard Life’s Chinese joint venture insurance business, Heng An Standard Life Insurance Company Limited (“HASL”).The transaction is subject to obtaining local regulatory and other approvals in Mainland China and Hong Kong and it is anticipated that this could take up to 18 months. The final consideration will be calculated as at the date of completion and will be payable in cash.Standard Life Asia was established in 1999 and is an indirect, wholly-owned subsidiary of Standard Life. It is registered as an authorised insurer in Hong Kong to provide long-term savings and investment solutions for customers and distributes products through strategic partnerships with independent financial advisers.HASL conducts insurance business in China and was established in 2003. It is a joint venture between Standard Life and Tianjin TEDA International Holding (Group) Co., Limited (“TEDA”). It distributes a range of individual savings, investment and protection products, as well as group protection products, through tied agents, banks, employed sales force and broker companies. Standard Life continues to own 50% of HASL.

The European Securities and Markets Authority (Esma) has appointed two new members to its Management Board to replace two out of the three outgoing members whose mandates end on 31 March. The appointments are Sebastián Albella-Amigo, Comisión Nacional del Mercado de Valores, in Spain, and Birgitte Søgaard Holm, Finanstilsynet, Denmark. The new members will serve until 30 September 2019. A third appointment to fill the final vacant position is expected to be made shortly.The outgoing members are: Cyril Roux, Central Bank of Ireland (CBI), Gérard Rameix, Autorité des Marchés Financiers (AMF) in France, and Marek Szuszkiewicz from Komisja Nadzoru Finanswego ( KNF) in Poland.

Le premier asset manager mondial remodèle une nouvelle fois sa gestion américaine active, face à la pression sur les prix et à des performances décevantes.

La division de gestion d’actifs de HSBC réfléchit au lancement d’un fonds d’un milliard de dollars (926 millions d’euros) spécialisé dans la dette privée d’entreprise, rapporte Bloomberg. La structure en charge du fonds était jusque-là logée dans la banque privée de HSBC, avant d’être transférée dans la division de gestion d’actifs afin d’ajouter à la clientèle privée potentielle des débouchés auprès d’investisseurs institutionnels. La taille du fonds n’est pas encore arrêtée et pourrait être augmentée en fonction de la demande.

Chaque jeudi, L’Agefi livre ses indicateurs clés de crédit pour suivre l'évolution des marchés. Cette semaine : la dette non financière.

A la suite de son appel d’offres, l’Académie nationale de médecine a sélectionné Natixis AM pour créer des fonds communs investis en valeurs mobilières. Les portefeuilles à gérer seront de l’ordre de 20 à 30 millions d’euros correspondant aux dons et legs que l’institution reçoit. Le marché est souscrit pour un an. L’Académie rappelle qu’elle cherche une gestion en " bon père de famille afin d’assurer la pérennité du capital voire son augmentation”. Elle privilégie donc des mandataires ayant une expérience dans les fondations et le secteur associatif et offrant de la sécurité (qualité du dépositaire, agrément AMF....).

La société de gestion coréenne Mirae Asset Global Investments vient de s'adjoindre les services du third party marketer (TPM) français la Compagnie Financière Jacques Coeur (CFCJ) afin de distribuer ses fonds auprès des investisseurs institutionnels en France.

L'AFG a publié les chiffres clefs 2016 de la gestion en France. Les encours globaux sous gestion affichent une collecte positive de 41,2 milliards d'euros correspondant à une progression de + 4,7 % des encours gérés, qui s’élèvent désormais à 3 760 milliards d'euros.

Selon nos informations, Exane AM vient de recruter Gonzague Ruskoné, ancien commercial institutionnel pour Degroof Petercam. Gonzague Ruskoné devrait officiellement prendre ses nouvelles fonctions courant avril. Il renforcera l'équipe commerciale France d'Exane AM.

L'objectif général du marché est de fournir à la Commission l'analyse rétrospective de la portée de la réalisation des objectifs de la directive sur les gestionnaires de fonds d'investissement alternatifs — directive 2011/61/UE du Parlement européen et du Conseil.

A l'occasion de la semaine de l'épargne salariale, initiative de Place à destination des salariés et des entreprises, l'AFG présente ses propositions, afin de promouvoir "une épargne utile, sociale et collective à placer au coeur d’un projet présidentiel de redressement du pays".

La Caisse de dépôt et placement du Québec (CDPQ) a annoncé le 28 mars la conclusion d’un accord avec le gouvernement du Québec sur les modalités de sa participation au projet du Réseau électrique métropolitain (REM). Avec un engagement de 1,28 milliard de dollars équivalent à 24,5 % du capital-actions, le gouvernement devient un actionnaire minoritaire du projet. L’investissement de la Caisse atteint quant à lui 2,67 milliards de dollars, soit 51 % du capital-actions du projet. L’entente avec le gouvernement du Québec permet également d’établir les seuils de rendements et le mécanisme de partage des dividendes entre la Caisse et le gouvernement. Le seuil de rendement prioritaire pour l’investissement en capital-actions de CDPQ Infra a ainsi été établi à 8 %, précise une note d’information. Le seuil de rendement prioritaire est le niveau de rendement qui doit être atteint par l’actionnaire majoritaire, CDPQ Infra, pour déclencher la production de rendement pour les actionnaires minoritaires. Toutefois, le rendement prioritaire ne correspond pas nécessairement au rendement projeté, donc le rendement à être réalisé par CDPQ Infra, qui pourrait se situer dans une fourchette entre 8% et 9%. Le niveau de rendement projeté dépendra notamment de la participation du gouvernement du Canada et du résultat des appels d’offres.Jusqu’à l’atteinte du rendement prioritaire de 8 % pour CDPQ Infra, les dividendes du projet de REM sont entièrement versés à CDPQ Infra. Lorsque ce niveau de rendement sera obtenu, les dividendes sont versés majoritairement (72 %) aux actionnaires minoritaires – les gouvernements du Québec et du Canada – jusqu’à l’atteinte du niveau de rendement minimal visé prévu par l’entente, soit 3,7 %. Ce rendement de 3,7 % est équivalent au coût d’emprunt moyen du gouvernement du Québec sur l’ensemble de sa dette. Le projet de REM est le premier projet de transport collectif pour lequel le gouvernement aura un remboursement de son investissement en capital et du coût moyen d’emprunt.