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Top Headlines in the Last 7 Days 

(2nd – 8th Oct 2017)

No. 1 EFG Deputy CEO Giorgio Pradelli to Succeed CEO Joachim H. Straehle Who Will Retire End 2017

EFG International Deputy CEO & CFO, Giorgio Pradelli will be the new CEO on the 1st of January 2018.  He will takeover the helm from existing CEO, Joachim H. Straehle, who will retire at the end of 2017.
Dimitris Politis will be the new CFO while Renato Cohn will be the new Deputy CEO, on the 1st of January 2018.  The announcement came alongside the successful completion of the platform migration from the acquired BSI bank to EFG. Learn More …

No. 2 Global HNWI Population Grew by 7.5%, Wealth by 8.2%

In the World Wealth Report 2017 released by Capgemini, global HNWI population (Asia-Pacific, North America and Europe) grew by 7.5% to 16.5 million, while their wealth grew by 8.2%.  Asia-Pacific remains the world’s largest HNWI market, with 5.5 million HNWI population.

Russia grew both population and wealth at about 20%, the fastest of all the markets … Learn More …

No. 3 Deutsche Bank Hires Alex Prout as Head of Asset Management APAC from Morgan Stanley

Deutsche Bank hires Alex Prout as Head of Asset Management APAC from Morgan Stanley, to be based in Hong Kong.  He will be reporting to Jon Eilbeck, Global COO for Deutsche Asset Management.
At Morgan Stanley, he was the COO for global sales & distribution.  Prior to Morgan Stanley, he was with Invesco Asset Management & Merrill Lynch.  Learn more …

No. 4 Value Partners Group Signs MOU to Manage Financial Products Through Forbes Brand

Value Partners and Forbes signed a non-binding Memorandum of Understanding (MOU)  to explore ways to collaborate in the development of certain Forbes-branded financial products that may be offered to investors.
Value Partners will act as the investment manager of such products, while Forbes may provide distribution support for the products in markets where it operates and has relevant local licenses.  Learn More …

No. 5 Janus Henderson Investors Appoints Jim Cielinski as Global Head of Fixed Income

Janus Henderson Investors has appointed Jim Cielinski as Global Head of Fixed Income, and from 1st November 2017, he will lead more than 100 investment professionals around the world.

Jim has more than 30 years of investment management experience and was most recently Global Head of Fixed Income for Columbia Threadneedle Investments, where he oversaw fixed income globally, including more than 165 investment professionals and $190 billion in fixed income assets under management.

Prior to joining Columbia Threadneedle in 2010, Jim spent 12 years at Goldman Sachs Asset Management … Learn More … 


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