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Old Mutual Global Investors Successfully Held its First Investment Conference in Latin America

Old Mutual Global Investors celebra con gran éxito su primera Conferencia de Inversiones en América Latina — . Old Mutual Global Investors Successfully Held its First Investment Conference in Latin America

Last week, Old Mutual Global Investors held a successful event in Punta del Este, Uruguay, bringing together over 70 Latin American investors from Uruguay, Argentina, Chile, Colombia and Mexico.

Through this event, Old Mutual Global Investors wished to share with clients their views on investment trends and current opportunities, as well as developments in its management and business development teams in the Americas region. The team led by Chris Stapleton, which, working from Boston, is responsible for the distribution business in the Americas, was present in Uruguay in its entirety with a clear message: Latin America is a priority for Old Mutual Global Investors, and this event, which just celebrated its first edition, is destined to be repeated every year.

Veronica Rey, Regional Director of the Southern Cone, acted as Emcee throughout the event introducing the various directors and portfolio managers who discussed the firm’s strategy and market vision. Also present were Andrés Munho, who, based in Miami, is Regional Director for Florida, Texas, and northern Latin America, and Santiago Sacias, who works as Southern Cone Sales and, like Veronica Rey, is based in Montevideo.

Old Mutual Global Investors (OMGI) is part of Old Mutual, an international financial group founded in 1845 which is part of the FTSE 100. OMGI closed 2014 with more than 34 billion dollars under management and 70% of its funds positioned in the first quartile of their respective categories. This asset management company has investment offices in London, Boston, and Hong Kong.

During the conference’s inaugural speech, Allan MacLeod, Head of International Distribution for the company, emphasized that OMGI has won over 30 industry awards since 2013, including the prestigious recognition as Global Group of the Year at the 2014 edition of the Fund Manager of the Year awards granted by Investment Week magazine.

The investment professionals attending the event were Christine Johnson, Portfolio Manager and Fixed Income Specialist, Amadeo Alentorn, Fund Manager and Head of Global Equity Research, Josh Crabb, Head of Asian Equities, and Natalia Fontecha, SVP and American Equity Product Specialist at Old Mutual US.

Each of these four experts gave presentations in which they discussed the prospects of their asset classes, as well as participating in a panel moderated by Michele Santo, renowned Uruguayan economist specializing in international economics who, besides being a consultant at the Inter-American Development Bank, currently serves as portfolio manager for OM Global Investment Portfolios in Uruguay. The four experts in the panel talked about monetary policy, inflation, and growth in the current environment of increasing volatility in the markets.

The event also featured a special presentation by Chris Gardner, author of the New York Times’ No. 1 bestseller “The Pursuit of Happyness,” an autobiography published in 2006 which was translated into 40 languages, and brought to the screen with the same name in an acclaimed film in which the actor Will Smith plays Gardner, a role for which he won a Golden Globe Award and nominations to the Screen Actors’ Guild Awards and The Academy Awards, or Oscars.

The event, which took place over the 19^th and 20^th of March, also provided numerous occasions for the guests to enjoy Uruguayan cuisine in a relaxed atmosphere conducive for networking.

You may see photos of the event in the attached video.

Morningstar: 2014 Was A Difficult Year for PIMCO; Vanguard Still Thriving

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Vanguard, Fidelity y American Funds: las tres mayores gestoras del mundo, mientras PIMCO cae en 2014 a la novena posición — CC-BY-SA-2.0, FlickrPhoto: A Guy Taking Pictures. Morningstar: 2014 Was A Difficult Year for PIMCO; Vanguard Still Thriving

Indexing pioneer John Bogle’s company, The Vanguard Group, has grown into a global giant with almost $3 trillion in assets; it is the largest provider of mutual funds and the second-largest provider of exchange- traded products in the world. With a wide variety of accessible investment options, the ability to capitalize on economies of scale, and a philosophy of passing the results of efficient operations to its investors in the form of lower costs, Vanguard has built a solid reputation and continues to attract the highest flows.

In addition to its strong expertise in passively-managed investments, Vanguard has also managed to grow its business on the active side. As of the end of 2014, Vanguard was the third-largest active fund manager in the world, with active assets exceeding $900 billion.

On Sept. 26, 2014, “bond king” Bill Gross announced his decision to leave PIMCO, the asset management company he co-founded, sending a shockwave throughout the investment world and prompting unprecedented outflows from PIMCO in the days following his departure.

PIMCO experienced outflows of $176 billion worldwide in 2014, or 26% of their 2013 assets. Outflows from PIMCO Total Return amounted to $96.1 billion in the space of only five months.

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Outflows from PIMCO benefited other funds in the intermediate-term bond category. TCW enjoyed consistent inflows to Metropolitan West Total Return Bond MWTIX, which has a Morningstar Analyst RatingTM of Gold, and Gold-rated Dodge & Cox Income DODIX attracted significant amounts of investor money for Dodge & Cox.

BlackRock and iShares combined (they are really the same company) turn out to be the world’s third-largest fund asset manager after Vanguard and Fidelity, with a total of $1,862 billion in assets. They were able to produce organic growth rates above 10% on both the active (BlackRock) and passive (iShares) sides of their business.

Sotheby’s International Realty Expands Presence Into Brazil

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Sotheby’s International Realty announced that Brezilian Imobiliaria Bossa Nova has joined the brand and will now do business as Bossa Nova Sotheby’s International Realty. The firm, led by owners Luciano Amado as president and Marcello Romero as vice president, is located at Alameda Gabriel Monteiro da Silva 2027, Pinheiros, Sao Paulo.

“Sao Paulo and Rio de Janeiro are exciting markets that encompass extraordinary properties in a broadly diverse destination, and provide a highly influential source of avid real estate buyers,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates. “We are pleased to welcome Luciano, Marcello and their team to our global network.”

According to Romero, the new affiliation with the brand represents the opportunity for them to expand and grow. “The support of this brand will allow us to supply our team with new technologies, training and market intelligence, combined with an extraordinary inventory in Sao Paulo, Rio de Janeiro and top beach and countryside locations,” said Amado. “Thanks to this affiliation, we now have direct access to a global market through the brand’s 760 offices worldwide.”

The brand´s network has currently more than 16,500 sales associates located in approximately 760 offices in 60 countries and territories worldwide. Bossa Nova Sotheby’s International Realty listings are marketed on the global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and their clients will benefit from an association with the Sotheby’s auction house and worldwide marketing programs of the Real Estate Business. Each office is independently owned and operated.

Alexander G van Tienhoven, New UBS WM Managing Director for Latin America and Caribbean

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latam — Pixabay CC0 Public Domain. Los gestores de fondos latinoamericanos mejoran de forma significativa sus perspectivas sobre la renta variable mexicana

According to Family Wealth, UBS Wealth Management has a new leader for the Latin America and Caribbean regions, effective March 30. Alexander G van Tienhoven, a former manager at Citi, will join the company, based in Zurich.

As Latin American and Caribbean Managing Director, van Tienhoven will be responsible for Brazil, Mexico, Bahamas, Argentina, Uruguay, Paraguay, Chile, Peru, Bolivia, Venezuela, Ecuador, Colombia, Guyana, Central America and the Caribbean. He will report to Paul Raphael, who leads the global emerging markets business, and takes over from Gabriel Castello, who is now responsible for WM Europe International.

Alexander G van Tienhoven is one of the most senior and experienced wealth management executives in the Latin American market. He had a 27-year career at Citi, where he joins from. In his latest position was CEO for Citi Wealth and Investment Management in Mexico and Latin America. In his role, he was responsible for the Citi Private Bank, Citigold Private Client, Banamex Banca Privada & Patrimonial, Citigold International and International Personal Banking the businesses in the region. He was also responsible for the Asset Management, Brokerage, Retirement, Insurance and Trust businesses.

Mr. van Tienhoven received a B.S.E. from the Wharton School, University of Pennsylvania, in 1987 and attended the Stanford University Business School Executive Program in 1999.

New York, London and Hong Kong Top Global Financial Centers

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According to the Global Financial Centers Index (GFCI) published this week by Z/Yen Group, New York, London, Hong Kong, and Singapore are the four leading global financial centers in the world. All four centers gained points and retain their relative ranks. New York remains the top centre and Tokyo is in fifth place.

Four of the top five North American centers were up in the ratings. San Francisco is slightly down, losing some of the ‘fintech’ gains made in the previous edition. Chicago, Boston, and Toronto all showed small improvements in the ratings.

Caribbean islands are well ahead of Latin American mainlands. The top ‘island’ centers all rose but the Latin American centers of Sao Paulo, Rio de Janeiro, and Mexico City fell.

Western European centers are a mixed bunch. The top five European centers are in the same rank order as in the last report London, Zurich, Geneva, Luxembourg, and Frankfurt. Dublin sees the largest increase in ratings. The Channel Islands regain ground lost and Rome, Madrid, Lisbon, and Reykjavik languish as the Eurozone crisis continues.

Eastern European and Central Asian centers decline. Istanbul, Almaty, Prague and Warsaw all saw their ratings decline. Uncertainty in Ukraine has undoubtedly cast a shadow over this region.

Eleven of the top twelve Asia/Pacific centers see a rise in their ratings and rankings. Busan had the largest rise, followed by Shenzhen and Taipei. The Chinese centers all rose. Dalian, a new addition to the index, entered in 51st place.

Middle East and Africa centers fluctuate. Riyadh, Doha, and Bahrain rose in the ratings while Dubai and Abu Dhabi saw modest declines. Africa is ‘hot’ to perhaps ‘overheated’. Johannesburg moved up six places to 32nd. Casablanca moved up nine places to 42nd.

The index rates 82 financial centers and is sponsored by the Qatar Financial Centre Authority.

UBS Wealth Americas promotes Todd Locicero and Ron Meraz

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Todd Locicero and Ron Meraz have been promoted to regional directors at UBS Wealth Management Americas, where they previously were complex directors, publishes reuters.

Locicero, who joined UBS from Morgan Stanley in 2010 to run its private wealth business for wealthy individuals in Los Angeles, is relocating to New York City to become Metro regional director. While director of a “complex” in Los Angeles, he increased in a 100% the size of the business. Locicero reported directly to Chandler, eastern U.S. wealth management head, when he first joined UBS.

Meraz, who has been named southwestern regional director, was complex director of Orange County since 2008. He joined UBS from Merrill Lynch Global Wealth Management, where he ran Merrill’s office of diversity and also worked as a broker and complex director.

Old Mutual Global Investors Adds Emerging Market Debt to Its Skill Set

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Old Mutual Global Investors ficha a John Peta como nuevo director de renta fija de Mercados Emergentes — . Old Mutual Global Investors Adds Emerging Market Debt to Its Skill Set

Old Mutual Global Investors is pleased to announce the appointment of John Peta as Head of Emerging Market Debt. John joined the business on 2 March 2015 and reports to Christine Johnson, Head of Fixed Income.

Old Mutual Global Investors believes that John brings a wealth of industry knowledge and experience to the business. John previously worked at Threadneedle Asset Management, London where he was Fund Manager, Head of Emerging Market Debt since 2012. John started his career in Fixed Income in 1987 at Merrill Lynch, Seattle, before joining Chancellor LGT Asset Management, San Francisco in 1994. John began specialising in managing dedicated emerging market (external and local) debt assets when he joined Standish Mellon Asset Management, Boston in 1997, moving to Acadian Asset Management, Boston in 2007 to assist in the launch of an emerging market local currency debt product.

John will initially manage the US$150 million¹ Old Mutual Local Currency Emerging Market Debt Fund with effect from 20 April 2015. The business will review the manager of the US$250 million¹ Old Mutual Emerging Market Debt Fund and may announce any recommended change at a later date. Both funds are sub-funds of the Dublin domiciled Old Mutual Global Investors Series plc and are currently sub-advised by Stone Harbor Investment Partners LP.

Christine Johnson, Head of Fixed Income, comments: “We are delighted that John has joined us as his wealth of fixed income and emerging market debt knowledge will greatly enhance our investment capabilities. We believe that our clients will also benefit from John’s investment skills. Whilst we are looking forward to working with John, we would like to take this opportunity to thank Stone Harbor for their support in managing the Old Mutual Local Currency Emerging Market Debt Fund and for continuing to work with us on our hard currency fund, the Old Mutual Emerging Market Debt fund.”

Old Mutual Global Investors aspires to be a leading, modern asset management business focused on the needs of investors. Significant progress has been made to further the goal of being a top five player in the UK retail market. The business has restructured its global business and now has a strong distribution capability spanning Asia, Europe and Latin America, which currently generates 20% of revenues from outside the UK.

Old Mutual Global Investors is an investment focused business which strives to provide the very best investment talent and performance to clients. The business plans to grow its market share through investing in existing core investment skills and expanding capabilities where they are complementary to the business’s culture and focus.

Julian Ide, CEO of Old Mutual Global Investors, added: “From the outset, we have retained and attracted the best investment talent offering: compelling and reputable investment processes and track records; ‘star’ quality; strong cultural fit within the business and incremental distribution benefits. In addition to enhancing our distribution capability, we have bolstered our Equities team with the appointment Richard Buxton and his team, including Ian Ormiston as European Smaller Companies Fund Manager, launched our Asian Equities capabilities with the appointment of a team of four under the leadership of Josh Crabb and, more recently, announced that Russ Oxley and his team of six will join us during the course of this year to form our Fixed Income Absolute Return team.

“I believe that John’s appointment is further proof that Old Mutual Global Investors is a sought after destination for top investment talent. The addition of his expertise certainly enhances the range of products we can offer to our global client base and we are now seeking to bolster this investment capability by recruiting additional resource.”

Paulo Maia Appointed CEO of HSBC Latin America

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Paulo Maia has been appointed CEO, HSBC Latin America effective July 1, 2015.

An international executive, Mr. Maia joined HSBC in 1993 and has held executive positions in each of the bank’s main business lines: Commercial Banking; Global Banking and Markets; and Retail Banking and Wealth Management. Mr. Maia has worked in Brazil, Great Britain, the United States and Australia. He was appointed Executive Director of HSBC Bank Brazil in 2000 and Deputy Chief Executive Officer in Brazil in 2008. He was most recently Chief Executive Officer of HSBC Bank Australia before his appointment on January 7, 2013 as President and Chief Executive Officer for HSBC Bank Canada based in Vancouver. On August 12, 2013 Mr. Maia was appointed Group General Manager of HSBC Holdings plc. For 11 years prior to joining HSBC, he held positions in corporate finance and corporate banking in New York, Rio de Janeiro and São Paulo.

Sandra Stuart, who joined HSBC in 1980, has been appointed President and Chief Executive Officer, HSBC Bank Canada, succeding Maia.

Investors Increasingly Demand Regulatory Compliant Products

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More than a quarter (28 percent) of fund managers and consultants surveyed at a Northern Trust seminar on regulation said they believed investors in funds are now demanding products fully compliant with new regulations.

“Investment managers launching new products are now seeing an increasing demand from investors for a combination of traditional offshore and fully regulated products,” said Ian Headon, head of Depositary Regulatory and Technical Services at Northern Trust. “This is a gradual, incremental change in investor behavior and will have a significant impact on the evolution of fund managers’ product offerings – regulation is here to stay, but this is a marathon, not a sprint.”

However, whilst the survey demonstrated an increased demand for compliant products, the majority of respondents (65 percent) still believed their investors viewed the Alternative Investment Fund Manager Directive (AIFMD) as primarily a compliance exercise, despite the fact that AIFMD implementation is almost complete.

“The regulatory landscape continues to evolve and as AIFMD implementation nears completion, the industry is faced with a new wave of regulation,” said Robert Angel, head of Regulatory Services for Europe, Middle East and Africa at Northern Trust. “The successful managers will be the ones that break away from the pack and get ahead of the regulatory trends. We provide our clients with regular insights on the latest industry developments and the opportunities that regulation creates, helping to ensure clients can remain ahead of the curve.”

Northern Trust’s Global Fund Services business provides custody, fund administration, investment operations outsourcing, and ETF solutions to investment managers across the globe and across the spectrum of asset classes. Northern Trust offers depositary services in the United Kingdom, The Netherlands, Ireland, Luxembourg and Guernsey.

Deutsche Asset & Wealth Management First German Asset Manager to Be Awarded RQFII Licence

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Deutsche AWM se hace con la licencia de inversor institucional extranjero cualificado en renminbi — CC-BY-SA-2.0, FlickrPhoto: Elliott Brown. Deutsche Asset & Wealth Management First German Asset Manager to Be Awarded RQFII Licence

Deutsche Asset & Wealth Management has been granted a Renminbi Qualified Foreign Institutional Investor (RQFII) licence by the China Securities Regulatory Commission, allowing the German asset manager to apply for quota in order to invest in China mainland securities.

The award of the licence follows an agreement reached last year between Germany and China to establish a quota of RMB 80 billion (approx. EUR 11.2 billion) that German-based financial institutions can use to invest in China‘s domestic capital markets.

“Deutsche AWM has been at the forefront of providing international investors with access to China’s domestic capital markets, so we’re pleased to be the first asset manager in Germany to be awarded an RQFII licence. With China’s enormous growth potential this is a very important market for both our active and passive investment management clients,” said James Dilworth, CEO of Deutsche Asset & Wealth Management Investment GmbH.

DeAWM currently has €4.5bn AUM in funds with renminbi exposure, including approximately €2bn in China A shares ETFs. “We have been engaged as an investor in China ever since the market began to open up internationally, which is why Deutsche AWM is one of the world’s leading experts on providing investment solutions for Chinese exposure. Today, we focus on renminbi-denominated or renminbi hedged offshore bond investments. Going forward, and once we have received quota, we want to enable an extended opportunity set, including onshore and offshore bonds. Finally, this is not only about accessing this market – it is about creating added value and potential alpha for our clients,” added Dilworth.