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Federated Hermes’ head of Europe quits investment management after 35 years to pursue technology venture

The TRADE

Head of Europe for UK-based asset manager Federated Hermes, James Rutherford, has stepped down from his role to pursue a technology venture, The TRADE can reveal. He departs following a 35-year long career in investment management, spending 19 years at Fidelity Investments as a European portfolio manager until 2006.

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LGIM expands presence in Asia with new Singapore office and key appointments

The TRADE

Legal & General Investment Management (LGIM) has expanded its footprint across Asia with the opening of its new Singapore office, the latest development in the firm’s growth strategy for the region. In addition, LGIM has expanded its distribution team following increased demand for the firm’s investment solutions.

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People Moves Monday: Weekly roundup

The TRADE

Head of Europe for UK-based asset manager Federated Hermes, James Rutherford, has stepped down from his role to pursue a technology venture. Rutherford departs the investment management industry after 35 years to take on a more active role in SmartFrame Technologies, a venture which he has been chairman of for six years.

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M&G Investments expands Asia Pacific footprint with new office in Taipei

The TRADE

“We are delighted to have secured the SICE license for Taiwan, which enables us to bring M&G’s global investments perspectives and specialist expertise closer to our clients and allow us to gain a deeper understanding of their specific requirements,” said Neal Brooks, global head of product and distribution at M&G.

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UK Government plans new one-stop-shop for research as it paves way for removing unbundling rules

The TRADE

In a report which included results of a study of 8,000 EU companies between 2006 and 2019, analysing the impact of unbundling on EU sell-side research, ESMA found that the number of companies losing research coverage has been steadily falling since 2012 – arguing that this did not coincide with the MiFID II regulation.

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Avanza Fonder outsources trading to Northern Trust

The TRADE

Founded in 2006, Avanza Fonder is a wholly owned subsidiary of Avanza Bank Holding which provides services for private clients. The fund company manages funds in-house and in collaboration with other managers. ” The past year has seen multiple investment managers outsource their trading to Northern Trust.

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