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Latest job changes across the industry
Credit Suisse faces some tough choices as it absorbs the extraordinary losses inflicted by the Greensill and Archegos fund fiascos and subsequent ratings hit. On April 6, the firm announced an estimated pre-tax loss of approximately Sfr900 million ($963 million) for the first quarter, including a charge of Sfr4.4 billion ($4.7 billion) in respect of Archegos. At the same time, the firm announced that investment bank CEO
Brian Chin and chief risk and compliance officer Lara Warner were stepping down from their roles with immediate effect.
Christian Meissner, co-head of wealth management banking advisory and vice-chair of investment banking, will replace Chin in May. Meissner was previously head of global corporate and investment banking at Bank of America Merrill Lynch, and earlier co-CEO for EMEA at Lehman Brothers.
HSBC Gam hires head of ETF strategy from Invesco
Dominic Clabby was head of product engagement for Invesco ETFs for the last four years
HSBC Global Asset Management has hired Invesco’s former ETF product head Dominic Clabby as it continues its push into the ETF market.
Clabby (pictured) has been appointed to the newly created role head of ETF strategy and will be responsible for driving the fund group’s current product range and expanding its offering. Based in London, he will report to Carmen Gonzalez-Calatayud, head of ETF Capability.
Clabby has over 17 years’ experience in the investment industry, seven of which were spent on ETF strategy and distribution. Most recently he headed the product engagement function for Invesco ETFs, joining the firm after it acquired Source ETFs in 2017. He has also worked at Axa Distribution Services and Fidelity International.
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points
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