La commercialisation du fonds Ailis M&G Collection, le nouveau compartiment d’Ailis, Sicav luxembourgeoise gérée par Fideuram Asset Management Ireland, dont la gestion a été déléguée à M&G Investments, a rencontré un vif succès, rapporte Bluerating. Le fonds a été vendu par le réseau Intesa Sanpaolo Private Banking entre le 8 janvier 2018 et le 27 février et 1,1 milliard a été levé. Ailis M&G Collection est une solution qui s’adresse aux clients ayant un objectif d’investissement de moyen-long terme et un profil de risque moyen/faible. Le portefeuille est diversifié et se compose d’une sélection des meilleurs stratégies d’investissement de M&G

Lorenza Lei, ex-directrice générale de la Rai, a rejoint le conseil d’administration de BancoPosta Fondi Sgr, la société de gestion de Poste Italiane, en tant qu’administratrice indépendante, rapporte Bluerating, citant Milano Finanza. Elle succède à Barbara Poggiali, qui était jusqu’en novembre dernier responsable du marketing stratégique de Poste Italiane. Les autres membres du conseil d’administration de BancoPosta Fondi sont Andrea Novelli, Giorgio Lamanna et Anna Minghetti.

Pimco vient de nommer Alessandro Gandolfi managing director pour son activité en Italie, rapporte Bluerating. Avant cela, l’intéressé était responsable du développement en Italie. Il travaille chez Pimco depuis 2006.

Certains fonds affiliés à Apollo Global Management ont conclu un partenariat stratégique avec Realty Partners afin d’investir de manière sélective sur le marché immobilier italien, ont annoncé hier les deux partenaires. La stratégie des deux partenaires consiste à investir dans des actifs présentant un potentiel de valorisation (conversion, restructuration, repositionnement du marché). Ces actifs peuvent provenir des cessions ordinaires ou extraordinaires, d’acquisitions de sociétés immobilières ou d’investissements dans des créances douteuses garanties.

Le fonds norvégien Government Pension Fund Global (GPFG) est en retard en matière d’égalité hommes-femmes, rapporte le site danois AMWatch, citant le journal norvégien Dagens Nyheter. Norges Bank Investment Management, qui gère le fonds, a une proportion inégale de femmes par rapport aux hommes, que ce soit pour le nombre total d’employés et de dirigeants. Les inégalités concernent aussi les salaires. Dagens Nyheter rapporte que seulement 30 % des 573 employés de NBIM sont des femmes, soit moins que l’objectif de 40 %. Les dirigeantes ne représentent que 22 % du total et elles sont de surcroît payées 7 % de moins que les hommes. Pour les employées non dirigeantes, le différentiel de salaire est de 20 %.

Le fonds de pension danois PBU (10 milliards d’euros d’encours) recherche un nouveau responsable des actions, rapporte le site danois AMWatch. Cela fait suite à la promotion de l’ancien patron des actions, Carsten Warren Petersen, au poste de responsable des investissements. Parallèlement, l’équipe d’investissement va recruter deux nouveaux jeunes talents.

La société britannique de capital-investissement Montagu Private Equity est actuellement en discussion avec des investisseurs afin de lever son premier fonds dédié aux infrastructures, a appris Private Equity News, filiale de Financial News. La société envisage de lever un total de 500 millions d’euros pour ce fonds. Le véhicule investira dans des actifs d’infrastructures de taille moyenne en Europe, selon une source proche du dossier.

Le directeur général de Man Group a perçu un bonus représentant 237 % de son salaire l’an dernier – alors que parallèlement les femmes sont 30 % moins bien payées que les hommes au sein de la société, rapporte Financial News. La rémunération totale de Luke Ellis a bondi de 54 % à 6,22 millions de dollars, dont un salaire de 1,1 million et un bonus de 2,6 millions. Cela intervient après une année importante pour la société, qui a vu son bénéfice bondir et ses encours passer les 100 milliards de dollars.

VP Bank Schweiz, l’antenne suisse de la banque privée VP Bank, basée au Liechtenstein, vient de recruter Oliver Möhl en qualité de responsable des opérations (COO), rapporte le site spécialisé finews. Basé à Zurich, Oliver Möhl devrait prendre ses fonctions à compter du 19 mars. L’ex-pilote de Swissair a atterri dans la finance en 2007 en qualité de conseiller à la clientèle chez UBS pour les particuliers fortunés originaires de Russie. VP Bank s’intéresse pour sa part beaucoup au marché russe où elle envisage de recruter 75 conseillers clientèle d’ici à fin 2019.

UBS Asset Management a annoncé le lancement d’UBS Partner, une solution technologique en marque blanche dont la finalité est de «modifier radicalement le processus de conseil et le service à la clientèle offerts par les banques», explique le groupe suisse. UBS Partner, qui fait partie de l’offre UBS Platform Solutions, sert à analyser quotidiennement les portefeuilles des clients, évaluer les portefeuilles individuels en fonction des profils de risque correspondants, des critères clés de qualité des instruments et des objectifs d’investissement. «En identifiant les clients qui ne sont pas sur la bonne voie pour atteindre leur objectif financier personnel, UBS Partner crée des options d’investissement adaptées et exploitables pour les aider à reprendre le cap», commente la banque.Dans son communiqué UBS Partner indique travailler déjà avec les clients conseillers du groupe Banca Generali.

Indosuez et Capgemini ont annoncé la création en commun d’une plateforme technologique dédiée aux opérations bancaires des gérants de fortune et des banques privées. Ce nouveau partenariat sera développé dans le cadre de S2i, la plateforme «end-to-end» propriété de Crédit Agricole Private Banking Services (CA-PBS), une entité de CA Indosuez Suisse, précise un communiqué. Il réunira les connaissances d’Indosuez Wealth Management en matière bancaire et réglementaire avec l’expertise de Capgemini, spécialiste de la transformation digitale et des services informatiques. Le partenariat affiche une ambition claire: celle de devenir un leader des services d’externalisation pour les banques privées et les gérants de fortune à travers le monde et plus particulièrement en Europe et en Asie. Créé en 1992 au cœur de la structure d’Indosuez, CA-PBS est un pionnier de l’externalisation des services bancaires. Aujourd’hui, ses services sont offerts à 30 banques privées situées dans 11 pays, principalement en Europe et en Asie, couvrant un total de 150 milliards de francs suisses d’actifs, en hausse de 30 % en 2017. «Ce nouveau partenariat prometteur sera axé sur l’accompagnement de la transformation digitale et opérationnelle des grandes sociétés de gestion de fortune à l'échelle internationale, en intégrant les complexités de l’environnement réglementaire et les exigences élevées du secteur en matière d’exécution des transactions. Cet accord repose sur les expertises complémentaires de nos deux sociétés, ainsi que sur la compréhension unique du secteur acquise par CA-PBS au cours de ses 25 ans d’existence. En unissant nos forces à celles de Capgemini, nous avons la conviction de pouvoir créer une nouvelle référence mondiale de la technologie dans l’univers de la gestion de fortune», commente Paul de Leusse, directeur général d’Indosuez Wealth Management, cité dans le communiqué.

Carton plein pour LGT, le groupe de gestion d’actifs et de patrimoine de la Maison princière du Liechtenstein. L’an dernier, la collecte nette hors acquisitions s’est élevée à 17,7 milliards de francs suisses, ce qui correspond à une croissance organique de 12%, selon un communiqué publié ce 12 mars. Les actifs sous gestion se sont accrus de 49,7 milliards de francs ou 33% et ont passé la barre des 200 milliards de francs pour s'établir à 201,8 milliards de francs. Ce montant de 49,7 comprend, outre la collecte nette, en encours de 18,3 milliards de francs lié aux acquisitions des activités de banque privée d’ABN Amro et de celles de European Capital Fund Management. La ligne de métier gestion d’actifs représente désormais plus d’un quart des encours, souligne le communiqué.Le résultat d’exploitation a fait un bond de 27% à 1,53 milliard de francs et le bénéfice du groupe ressort à 283,4 millions de francs, en hausse de 23% d’une année sur l’autre. Le ratio d’exploitation est resté stable à environ 74%.

La banque engrangera au mieux 1,8 milliard d’euros, alors qu’en décembre elle espérait glaner 2 milliards.

Les ministres des Finances veulent atteindre un accord sur un ensemble de mesures en discussion depuis fin 2016. Mais rien n'est gagné.

Créé en 2008 par Yannick Hamon, MonFinancier se positionne en tant que conseiller de gestion de patrimoine “omnicanal”. Doté d’une forte démarche communautaire et pédagogique soutenue par Marc Fiorentino, chroniqueur sur BFM Business et actionnaire de la structure, le fondateur compte optimiser son offre en architecture ouverte. Pour y parvenir et atteindre son objectif d’encours conseillés, la structure travaille actuellement sur l’établissement d’un partenariat avec une fintech.

Selon nos informations, la société de gestion Indép’AM, filiale de la mutuelle Garance (ex MNRA), a recruté début janvier une responsable commerciale. Un poste nouvellement créé puisqu'Indep'AM ne comptait jusqu'ici aucune force de vente.

A la manière de la théorie des jeux, ce lecteur particulièrement admiratif de John Nash, a su guider son parcours en fonction des situations qui se présentaient à lui. Yannick Hamon, fondateur de MonFinancier, s’est ainsi lancé rapidement dans le monde entrepreneurial, porté par l’envie de proposer un service patrimonial singulier. Breton d’origine, il construit chaque jour le dessein de son entreprise, toujours accompagné de ses meilleurs amis d’enfance.

Swiss bank UBS has told employees that the majority of those affected by Brexit will move to Frankfurt from London, setting out what it called a decentralised approach to relocating staff. The moves are expected to affect fewer than 200 UBS staff, a source familiar with the plans told Reuters. UBS employs around 5,000 people in London. Staff affected will be informed in the next few months and relocations will depend on where clients are based, according to a company memo seen by Reuters. Separately, the Swiss bank said in its annual report on Friday that it will merge UBS Limited, its British entity, into UBS Europe SE, its German headquartered European bank, in the absence of a transition deal between Britain and the EU. That would take place prior to Britain leaving the European Union on 29 March, 2019. «After a thorough analysis, which included your feedback, we have opted for a more decentralized model and plan to leverage our existing UBS Europe SE and its extensive branch network,» UBS’s investment banking chief Andrea Orcel said in the memo.

p { margin-bottom: 0.1in; line-height: 115%; } The UBS group may abandon presentation of its results in Swiss francs, and adopt accounting in US dollars, according to an annual report released on 9 March. The major bank has raised the possibility as it changes its legal structure, to reorient its activities and also its currency management strategy, it explains. The group may adopt the dollar as the operating currency for the second half of 2018. The London office would switch over from pounds sterling to US dollars. This would also involve a change in the currency in which results are presented for the group and for UBS SA, with an adjustment to the previous figures on the basis of historic currency exchange rates. The modification would not have a major impact on capitalisation and performance indicators, UBS says.

Catella AB has, through Catella Property Fund Management AB, signed a share purchase agreement to acquire a majority stake in the leading UK real estate investment and asset management company, Apam. Closing of the transaction requires regulatory approval and other conditions to be fulfilled.Apam has experienced fast growth over recent years and had revenues of approximately GBP 7 million during the calendar year 2017. CPFM has agreed to acquire 75% of the shares in Apam for a price corresponding to GBP 18 million, on a debt and cash free basis. A non-refundable down payment of the purchase price of GBP 2.7 million was made at signing, while the remaining amount is to be paid in cash upon completion. Catella is not obligated to complete the transaction according to the agreement but it is expected to complete during second half of 2018, subject to necessary regulatory approval having been obtained from the financial supervisory authority in Luxembourg, Commission de Surveillance du Secteur Financier (CSSF).Apam is an independent real estate investment and asset manager operating exclusively in the UK market with a combination of skills to offer clients an ‘end to end’ approach to support their investment strategy. Apam has assets under management of GBP 1.4 billion and 41 employees.Simon Cooke and William Powell, founders and executive directors of Apam, will remain shareholders in Apam, each with 12.5% of the share capital and voting power after the transaction. Apam will continue to be independently run by its current management team and to pursue its successful growth strategy within UK. Co-operation between Catella and Apam will start immediately. Management from both companies see significant opportunities to strengthen their offering to international investors by leveraging the combined pan-European reach the two companies can provide. With Apam, Catella will reach SEK 200bn in AUM (GBP 18bn).

In accordance with the Supervisory Board’s decision of November 28, 2017, Virginie Morgon will succeed Patrick Sayer as Eurazeo’s CEO on March 19, 2018, announced the company. In the context of this succession, Eurazeo has announced certain changes to its governing bodies. Eurazeo will change the roles and composition of its various decision - making bodies: the Executive Board, the Executive Committee and the Investment Committees. These changes will serve to accompany the company’s growth, the diversification of its business lines and geographies, and the major strategic developments initiated in 2017 through the partnership agreement forged with the investment company Rhône and the acquisition of the fund management company Idinvest. The Executive Board remains responsible for the company’s overall governance, relations with its Board of Directors, its Supervisory Board and its shareholders, and the monitoring of its financial performance and external communications. In addition to Virginie Morgon who will serve as Chair, the Board will comprise the following members: - Philippe Audouin , Eurazeo’s CFO, will see his term of office on the Executive Board renewed and its scope of responsibilities widened, underlining the company ’s determination to work more closely with its shareholders, particularly its individual shareholders, and to develop third - party management .- Nicolas Huet, currently General Secretary, will join the Executive Board. Nicolas Huet, a qualified lawyer, coordinates the company’s corporate functions and their role in investment transactions. This appointment will support the continuing growth of the company’s European and US investments, for which Nicolas Huet oversees the legal aspects. - Olivier Millet, Chairman of the Eurazeo PME Executive Board, will also join the Eurazeo Executive Board. Olivier Millet , who has worked for twenty - eight years in the private equity sector, will provide expertise and insight within the Executive Board. He will continue to chair the Eurazeo PME Executive Board . Under the supervision of the Executive Board Chair and in liaison with Idinvest’s founding partners Christophe Bavière and Benoit Grossmann, he will oversee the activities of the Idinvest teams within Eurazeo. He will also be responsible for Eurazeo’s corporate communications. Eurazeo will also expand the role of its Executive Committee and change its composition. The Executive Committee will be responsible for defining, implementing and monitoring all aspects of the company’s strategy. These include the diversification of our investment sectors and asset classes, international deployment, fundraising, the analysis of our market environment, and external growth operations. He will also oversee the operational performance of our companies, HR development, and our CSR policy, as well as innovation and digitalization projects. To assume these responsibilities, the Executive Committee’s composition will include all the Executive Board in addition to the following members :- Marc Frappier , Managing Partner, Head of Eurazeo Capital. Marc Frappier manages Eurazeo’s largest investment team, with twenty professional investors and fifteen companies in its portfolio. He brings to the Executive Committee his knowledge of complex investment processes in Europe, the U.S. and Asia, and also his expert insight on the performance and transformation of Eurazeo’s companies. He will be responsible for consolidating Eurazeo’s transatlantic positioning and in this capacity will serve as our internal supervisor for our partnership with Rhône. He will sit on the Rhône Management Board with Virginie Morgon and Frans Tieleman. Marc Frappier is also responsible for overseeing our Asian operations. - Renaud Haberkorn , Managing Partner, Head of Eurazeo Patrimoine . Renaud Haberkorn brings to the Executive Committee over twenty years’ experience in the real estate investment sector, a knowledge of international markets and the issues specific to global fund creation, fund raising and management, having initiated a transcontinental private equity real estate fund. Head of Eurazeo Patrimoine, Renaud Haberkorn is responsible for this division’s development and for monitoring, on Eurazeo’s behalf and in the context of its partn ership with Rhône, the roll - out of the WeWork Investors fund. - Caroline Hadrbolec , Chief Human Resources Officer, will join the Eurazeo Executive Committee, an appointment which underlines the growing importance of Eurazeo’s HR issues in a context of geographical expansion and business line diversification. Her nomination also reflects Eurazeo’s will to accelerate talent development and open the company to different skill sets and profiles. Caroline Hadrbolec brings to Eurazeo her dual expertise in HR and Strategy, particularly at the international level. - Frans Tieleman, Managing Partner, Head of Eurazeo Development. Frans Tieleman runs the company’s development strategy for third - party management. He will work in close cooperation with the Idinvest and Rh ône investor relations teams. Frans Tieleman will sit on all the company’s Investment Committees, the Rhône Management Board, and the Idinvest Supervisory Board, with an eye on ensuring Eurazeo’s overall strategic coherence. He will advise the Executive Committee regarding the company’s development and external growth operations.The third level of Eurazeo’s decision - making bodies, the Investment Committees dedicated to each of our investment strategies, will see their role reinforced. They will bear full responsibility for investment, divestment, and build - up decisions and for monitoring the transformation projects of our companies. Their composition will be reviewed so as to incorporate external expertise. The role of the heads of each of our five inves tment strategies (Eurazeo Capital, Eurazeo PME, Eurazeo Patrimoine, Eurazeo Croissance, and Eurazeo Brands) has also been strengthened, giving them greater autonomy, both in terms of budget and representation on the Boards of Directors of our companies

p { margin-bottom: 0.1in; line-height: 115%; } Astorg, Cathay Capital Private Equity and OrbiMed on 9 March announced that Astorg is acquiring the stakes held by Cathay Capital and OrbiMed in Echosens, a global specialist in non-invasive medical equipment used to diagnose chronic liver illnesses. The details of the operation have not been disclosed. Astorg becomes a shareholder in the company alongside the Chinese pharmaceutical business Inner Mongolia FuRui, which remains the shareholder of reference. Echosens, based in Paris, was founded in 2001 by Laurent Sandrin. The firm now has affiliates in the United States, its largest market, and in China. In 2017, Echosens generated earnings of EUR66m, up 27% compared with 2016.

p { margin-bottom: 0.1in; line-height: 115%; } Universal Investment has recruited Michael Reinhard as chief operating officer (COO). He will join the asset management firm in April, and will take over the administrative and IT services divisions, a statement says. Reinhard had previously worked at AXA Investment Managers in Paris, where he had most recently been global chief operating officer and director. Assets under administration at Universal Investment, which totalled EUR355bn as of the end of 2017, are expected to top EUR500bn by the end of 2023. The asset management firm has posted net inflows of EUR45bn in 2017.

p { margin-bottom: 0.1in; line-height: 115%; } Borsa Italiana on 8 March welcomed a new ETF to its dedicated ETF Plus segment. It is a UBS fund entitled Ubs Glob Gen Equal Ucits Etf Eur hed acc, which tracks the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index (Euro currency hedged). The index is composed of companies on the cutting edge in their sector in terms of gender equality.

The weeks are lining up, but not falling into line. After moving into equities, investors have given way to a more cautious attitude in the week ending on 7 March. This wait-and-see attitude has been motivated by protectionist language from the White House and increasingly clear movements of monetary policy toward an end to quantitative easing. Money market funds continued to profit from hesitations on the part of investors, with net inflows of over USD20bn. Money market fund assets rose by USD260bn in the past six months, to a total of USD2.9trn, their highest level since 2010, a weekly study by Bank of America Merril Lynch Global Research reports, citing statistics communicated by the global flow evolution monitoring specialist EPFR Global.Meanwhile, inflows to the major asset classes were meagre. Equity funds in all geographical regions combined saw net outflows of USD0.4bn, while bond funds in all categories combned finished the week with redemptions of USD0.1bn, and gold funds attracted USD0.4bn. However, it has been observed that on the equity side, funds of US equities have seen massive redemptions of over USD10bn. Meanwhile, funds dedicated to Japanese equities have continued to do well, with net inflows of USD4.1bn. Emerging market equity funds continued to see inflows of USD0.8bn, while European equity funds had to settle for positive net inflows of only USD100m.In fixed income, high yield bond funds had an eighth consecutive week of net outflows, this time totalling slightly over USD3bn. However, funds of treasury inflation-protected securities (TIPS) posted net inflows of USD0.6bn, for positive inflows in 19 out of the past 20 weeks. Emerging market debt funds attracted only USD0.1bn.

p { margin-bottom: 0.1in; line-height: 115%; } The European Union will add three Carribean countries to its black list of tax havens: the Bahamas, the US Virgin Islands, and Saint Kitts and Nevis, according to a document consulted by Reuters on Friday. In a previous document, seen early last week, three countries – Bahrain, the Marshall Islands, and Santa Lucia – were removed from the black list. In January, eight countries were removed from the list, which had originally included 17 names, when it was created in December. After the approval of European finance ministers, expected tomorrow, Tuesday, there will be nine countries remaining: the Bahamas, Guam, the US Virgin Islands, Namibia, Saint Kitta and Nevis, Samoa, American Samoa, and Trinity and Tobago.

Deutsche Bank AG has set the price range for shares offered in the planned Initial Public Offering (“IPO”) of DWS Group GmbH & Co. KGaA (“DWS”) between EUR 30.00 to EUR 36.00 per share. This values its subsidiary between 6 and 7.2 billion eurosThe base offering consists of 40 million existing ordinary bearer shares held by DWS’s sole shareholder, DB Beteiligungs-Holding GmbH, a 100% subsidiary of Deutsche Bank and corresponds to 20 percent of DWS’s existing share capital. In addition, Deutsche Bank reserves the right to offer up to 4,782,600 shares (2.4 percent of the share capital) from its indirect holdings in the event of particularly strong demand (upsize option). Moreover, up to 5,217,400 shares (2.6 percent of the share capital) from Deutsche Bank’s indirect holdings can be placed to cover potential over-allotments (in connection with a greenshoe option).Nippon Life Insurance Company has agreed to acquire a 5.0 percent stake in DWS in the IPO at the IPO issue price.The implementation of the offering is subject to the approval of the prospectus by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin).

Equistone, l’ancienne équipe européenne de Barclays, a levé 2,8 milliards d’euros pour son troisième fonds entre novembre et février, rapporte le quotidien Les Echos. Ces capitaux ont été apportés par 56 « clients », à l’instar de PSRS, un fonds de pension des employés de Pennsylvanie. Spécialisé sur les cibles valorisées entre 50 et 500 millions d’euros, le fonds avait levé un montant deux fois moins élevé au moment de sa sortie du giron de la banque britannique en 2012.