BNP Paribas Investment Partners has appointed Mike Woolley as head of external distribution for the UK.
EFG Asset Management has made two new hires to expand its investment teams in London and Hong Kong.
US authorities have hit French bank BNP Paribas with a giant $8.9bn (£5.2bn) fine for breaking trade sanctions.
BNP Paribas Investment Partners' flagship Parvest fund range is now available to private bank clients and external distributors for the first time.
Arbitrageurs have renewed their attacks on the beleaguered hedge fund investment trust sector after discounts widened, putting a number of vehicles in danger of closure by the end of the year.
SVM Asset Management has promoted two investment analysts to deputy managers to assist Neil Veitch and Hugh Cuthbert on the management of their flagship funds.
The drive to reduce operational risk in an evolving regulatory landscape is creating huge challenges for institutional investors and asset managers.