Positions of weakness: where multi-asset managers can go now
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New Generali IP chief adapts to virtual life and hunts M&A ideas
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Italian yields, risk premium fall to 3-week lows Bank shares tumble (Adds details, comments)
March 11 (Reuters) - Euro zone government bond yields and bank shares fell after the European Central Bank said it would conduct emergency bond purchases at a significantly higher pace over the next quarter to combat a recent rise in bond yields.
The decision assuaged some doubts around the bank’s resolve to calm market nerves and support indebted governments through the pandemic after it barely increased the pace of its pandemic emergency bond purchases (PEPP) in recent weeks, despite a sharp rise in global bond yields.
Bank makes c-suite changes in its wealth unit, while advice firm hires chief commercial officer
HSBC
The banking giant has made several changes to its global wealth unit with the creation of regional chief investment officers.
Fan Cheuk Wan will become chief investment officer of Asia for private banking and wealth management.
Patrick Ho, James Cheo, Jonathan Sparks, Belal Khan and Jose Rasco will take on similar roles for north Asia, southeast Asia, UK and Channel Islands, Mena and Europe, and Americas, respectively.
Succession Wealth
The UK financial planning and wealth firm has hired Peter Coleman as chief commercial officer.