ASIA/EUROPE - Swiss financial giant Credit Suisse Group has made additional elections to its international advisory board (IAB) in a bid to leverage activities in Asia and Germany.
Herbert Henzler joins the board as vice-chairman of the IAB; Victor Fung and Zhenming Chang are appointed as members.
Fung is chairman of the Board of Prudential Asia and the Li & Fung Distribution Group in Hong Kong. Zhenming is chairman and president of CITIC Securities and vice-president and a member of the Executive Board of financial services companies CITIC Holding in Beijing.
Fung and Chang have been elected to further develop activities, including asset management, in CSG’s key Asian markets of China, Hong Kong, Japan, and Singapore. Henzler was chairman of McKinsey in Germany from 1985 to 1998 and chairman Europe from 1999 to November 2001. In his role as advisor to Credit Suisse Group, he will focus in particular on the areas of investment banking and personal finance in Germany.
By Madhu Kalia
Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.
Crashing out of the European Union without a deal could cause a 37% increase in the aggregate buyout deficit for defined benefit (DB) schemes, says Cardano.
Brunel Pension Partnership has launched its authorised contractual scheme (ACS) and first sub-fund managing around £1.6bn of UK equities.
NEST's director of business development Helen Dowsey speaks to James Phillips about communications, sidecar savings, and retirement products.