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Meet two expanding banks that might now recruit you in Singapore

Posted by Anton Murray Consulting on . Posted in News, Investment Banking News, Market Commentary, Investment Banking MC

Simon Mortlock, efinancialcareers

Private bankers in Singapore have yet more potential employment options to consider after Indonesia’s Bank Mandiri and Liechtenstein’s VP Bank announced expansion plans in the Republic. But both firms will need to work hard to convince relationship managers to join them as larger competitors – from Julius Baer to Deustche Bank – also step up their recruitment. Bank Mandiri is opening a full branch in Singapore.

It will mainly target previously hidden Indonesian wealth in the city state – currently held by other banks and valued at $55.7bn – that has recently been declared under Indonesia’s tax amnesty programme. Recruiting new Singapore-based RMs will be problematic, however. While Mandiri is Indonesia’s largest bank, some Indonesian clients won’t want the same firm to manage their onshore and offshore assets, says a former Asian private banker who asked not to be named.

The rest of this article can be found at news.efinancialcareers.com.

Nikko AM appoints global equity manager

Posted by Anton Murray Consulting on . Posted in News, Investment Banking News

InvestorDaily

Nikko Asset Management has appointed Jeremy Hall as an investment director within the firm’s global equity team. Mr Hall, who will be based in Edinburgh with the Nikko AM global equity team, makes the move from Cartesian Capital Partners where he was responsible for UK equity long and long/short funds. In his new role, he will be a portfolio manager responsible for high conviction and benchmark-unconstrained global equity long-only portfolios.

Mr Hall is a chartered financial analyst and a chartered accountant with 17 years of experience. William Low, Nikko Asset Management head of global equity, said, “The global equity team places significant emphasis on teamwork, its investment ethos and having clear shared values. In this regard we are excited to welcome Jeremy to the team. “He has a long track record of undertaking research and picking stocks within high conviction equity portfolios. His investment style is highly aligned with the team’s focus on ‘future quality’ firms.”

This article can be found at investordaily.com.au.

David Chin Appointed as New UBS Asia Pacific Investment Banking Head

Posted by Anton Murray Consulting on . Posted in News, Investment Banking News

Reuters

UBS Group’s former senior banking executive David Chin is returning to the Swiss group as the new head of its Asia Pacific corporate client solutions business, which covers investment banking, according to an internal memo seen by Reuters. Chin, who joined UBS in 1994 and left in 2015 to pursue academic interests, will take over from Sam Kendall who will be relocating to New York as the head of the bank’s global equity capital market (ECM) business, the memo said. Chin’s return to the bank comes against the backdrop of some high-profile exits from its Asia investment banking business in the last one year amid a tough operating environment for global banks in the region.

He will start in early September and focus on accelerating UBS investments to deliver profitable growth, the memo said. A UBS spokesman confirmed the content of the memo. Kendall, who joined UBS in Australia about two decades ago, became head of Asia Pacific corporate client solutions business last year, as part of a broader restructuring of UBS’ investment banking business.

The rest of this article can be found at reuters.com.

ESG alone is not enough, says Australian Ethical

Posted by Anton Murray Consulting on . Posted in News, Wealth Management News, Investment Banking News, Market Commentary, Funds Management News

InvestorDaily

‘ESG integration’ is only one of many factors that characterise responsible investment, according to investment manager Australian Ethical. Aside from environmental, social and governance (ESG) integration, a number of other factors must be considered for responsible investment to truly live up to its name, according to Australian Ethical head of ethics Stuart Palmer. Mr Palmer outlined a number of other “dimensions” to responsible investment, including negative screening, positive screening, the influence investors had on companies and governments, and the impact of the UN’s 17 sustainable development goals.

Speaking in Sydney on Tuesday, Mr Palmer said that while it was a “good thing” that funds were taking environmental and social impacts into account, he indicated that there were limitations to only considering ESG integration. “One downside of purely ESG integration approach is that it tends to be what I call ethically passive,” Mr Palmer said. “To explain that, if I’m adopting an ESG integration approach and I’m considering continuing or furthering investment in fossil fuels, then I’m gonna think about things like how likely it is that governments are going to take strong climate policy action.”

The rest of this article can be found at investordaily.com.au.

IOOF appoints head of Aussie equities

Posted by Anton Murray Consulting on . Posted in News, Investment Banking News

InvestorDaily

IOOF has announced the appointment of Paul Crisci as Australian equities portfolio manager at IOOF Investments. Making the move from Funds SA as equities portfolio manager, Mr Crisci will commence his new role on 14 August and replace Dan Farmer, who has been internally promoted to chief investment officer. Mr Farmer said he was delighted that Mr Crisci was joining the IOOF team.

“Paul brings more than 17 years’ experience managing portfolios and a strong track record of investment performance, which will strengthen IOOF’s high-calibre and award-winning investment management team,” Mr Farmer said. “Paul’s appointment completes the CIO transition process, with our focus remaining firmly on providing superior investment returns for investors through our premium, fully-active IOOF MultiMix range of funds and the new low-cost active range of funds called IOOF MultiSeries.”

This article can be found at investordaily.com.au.