Wealth Management Market Demand & SWOT Analysis By 2025: Key Players BlackRock, UBS …

Major Companies in the Market are: BlackRock, UBS, Allianz, Vanguard Group, State Street Global Advisors, PIMCO, Fidelity Investments, AXA, Credit …

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People moves: Janus Henderson hires quartet for global EM equities

Janus Henderson Investors, Elo, Alma Property Partners, Sampension, UN Joint Staff Pension Fund, BMO Global Asset Management, Quantum …

Janus Henderson Investors, UBS, Elo, Alma Property Partners, Sampension, UN Joint Staff Pension Fund, BMO Global Asset Management, Quantum Advisory, Global Reporting Initiative

Janus Henderson Investors – The €287bn asset manager has made four hires to appoint a global emerging markets equities team, replacing five staff who left earlier this year. Daniel Graña will lead the efforts, joining as portfolio manager. He was previously at Putnam Investments, which he joined in 1999. Before that he worked at Merrill Lynch where he spent four years in the Latin America investment banking group.

The three other hires were: Matthew Culley as assistant portfolio manager and research analyst, and Matthew Doody and Peter Li as research analysts. All three were previously at Putnam Investments. Like Graña, Culley and Doody are based in Boston, while Li is based in Singapore. The analysts will collaborate with the investment and research teams across the firm’s investment platform, reporting into and as part of the central research team.

The appointments follow the departure of Glen Finegan, head of emerging markets, and four of his team. Their departures were announced in April and they will officially leave Janus Henderson on 30 November 2019.

Janus Henderson is currently under review by London CIV, the asset pooling company set up by the UK capital’s public sector pension schemes, following the departure of Finegan and his team. The company was appointed to run an emerging markets mandate in 2017.


UBS Asset Management Ulrich Koerner, head of the Swiss group’s €682bn asset management business and president for the EMEA region, is stepping down from these roles, it was announced today. SuniHarford, currently head of investments for UBS Asset Management, will replace him as president of the division, while Sabine Keller-Busse will take on the role of president for EMEA in addition to her current role as group chief operating officer.

Harford joined UBS in 2017 in her current role after a 24-year career at Citigroup, the last nine of which she was regional head of markets for North America. The expansion of her role at UBS will see her joining the group’s executive board, becoming the second woman on the 13-strong board.

Koerner joined the UBS group executive board more than 10 years go and was appointed head of the asset management unit in 2014. The group credited him with turning what was a fragmented multi-boutique structure into a globally integrated busness. He is to remain with UBS as a senior adviser to group CEO Sergio Ermotti until at least the end of March next year, the company said.

UBS also today announced that Martin Blessing would be stepping down as co-president of the group’s global wealth management business, to be replaced by Iqbal Khan, previously CEO of Credit Suisse’s wealth management business.

All changes are effective 1 October.


Elo – Finland’s third largest pensions insurance company Elo has appointed Tiina Helenius as chief economist. She previously worked as chief economist at Swedish bank Handelsbanken . Elo told IPE that Helenius will join the firm in mid-September and will report to its CIO Hanna Hiidenpalo.


Alma Property PartnersHüseyin Meric, former senior portfolio manager within global real estate and infrastructure at Danish pension provider Sampension, has been appointed head of Denmark at Swedish property investment company Alma Property Partners. He told IPE that this was a newly-created role.


UNJSPFRosemarie McClean has been appointed pension benefits administrator of the $64.8bn (€58bn) United Nations Joint Staff Pension Fund (UNJSPF). Most recently she was chief operating officer at Ontario Teachers’ Pension Plan, and before that senior vice president of member services.


BMO Global Asset ManagementDominic Delaforce has been appointed director with responsibility for the asset manager’s UK pension fund clients. He joins from Aberdeen Standard Investments where he was the head of UK institutional client relationship management, working with UK corporate and local government pension fund clients across all asset classes. He joined Aberdeen Standard in 2005, having previously been at Deutsche Asset Management.


Quantum Advisory – The independent financial services consultancy has hired Julian Fox as principal consultant, based in its Birmingham office. According to Quantum, Fox has more than 30 years’ experience in the pensions industry, having worked in various consulting and client relationship management roles at JLT, Aon Consulting and Sedgwick Noble Lowndes. He has also held pensions manager positions at Tarmac Group, part of listed corporate CRH, and the Royal Society for the Protection of Birds, a charity.


Global Reporting Initiative (GRI)Mirjam Groten will join the GRI as chief business development officer on 1 September, responsible for services supporting organisations to disclose their environmental, social and governance performance and prepare sustainability reports. Her previous role was business development director of Fairtrade Australia & New Zealand.

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HSBC Sets Record as First Bank to Complete Hyperledger Transaction Through We.trade

HSBC, one of the world’s major banking firms, has recorded a new win as the first bank to initiate and conclude a full finance transaction on the …

HSBC, one of the world’s major banking firms, has recorded a new win as the first bank to initiate and conclude a full finance transaction on the we.trade blockchain network. The transaction facilitated the acquisition of Beeswift, a client of HSBC which specializes in the production of protective equipment.

The we.trade platform plans began in 2017 and was officially registered as its own entity in April 2018. Since inception till now, it has on-boarded about 12 different firms as shareholders including UniCredit, Caixabank, HSCBC, Erste Group, Deutsche Bank, Nordea, Santander, Natixis, KBC, Rabobank, UBS and Société Générale.

The platform is based in Dublin, Ireland, and presents clients with the opportunity of tracking, and general management of all its transactions, especially between two or more firms. we.trade uses Hyperledger Fabric to support transactions in three major ways.

Firstly, the platform can help a firm find credible partners to transact with, making sure it’s all done online and in the most transparent of ways. After that, we.trade can help with a bank issued letter of credit called Bank Payment Undertaking (BPU). This is basically an undertaking presented by the bank representing the buyer, saying it will pay the required amount at a specific date. The BPU is irretrievable. Lastly, the seller can finance the payment in such a way that the BPU is discounted.

HSBC reportedly has its hands in another pie other than we.trade. Reportedly, Voltron, a blockchain powered by Corda is also being backed by the banking giant.

Image Credits: Unsplash

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GHP Investment Advisors Inc. Buys 199 Shares of BlackRock, Inc. (NYSE:BLK)

GHP Investment Advisors Inc. grew its position in BlackRock, Inc. (NYSE:BLK) by 11.0% in the 2nd quarter, according to the company in its most recent …

BlackRock logoGHP Investment Advisors Inc. grew its position in BlackRock, Inc. (NYSE:BLK) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,008 shares of the asset manager’s stock after buying an additional 199 shares during the quarter. GHP Investment Advisors Inc.’s holdings in BlackRock were worth $942,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Destination Wealth Management boosted its stake in BlackRock by 1.7% during the first quarter. Destination Wealth Management now owns 1,253 shares of the asset manager’s stock worth $535,000 after buying an additional 21 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its stake in BlackRock by 11.6% during the first quarter. Winslow Evans & Crocker Inc. now owns 212 shares of the asset manager’s stock worth $94,000 after buying an additional 22 shares in the last quarter. Bangor Savings Bank boosted its stake in BlackRock by 1.5% during the second quarter. Bangor Savings Bank now owns 1,483 shares of the asset manager’s stock worth $696,000 after buying an additional 22 shares in the last quarter. SlateStone Wealth LLC boosted its stake in BlackRock by 0.6% during the first quarter. SlateStone Wealth LLC now owns 4,167 shares of the asset manager’s stock worth $1,781,000 after buying an additional 23 shares in the last quarter. Finally, Arrow Financial Corp boosted its stake in BlackRock by 0.3% during the first quarter. Arrow Financial Corp now owns 8,701 shares of the asset manager’s stock worth $3,719,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.

NYSE:BLK traded down $0.35 during trading hours on Monday, reaching $406.90. 254,142 shares of the stock were exchanged, compared to its average volume of 545,938. The stock has a market cap of $63.19 billion, a PE ratio of 15.11, a PEG ratio of 1.55 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.92 and a quick ratio of 2.92. BlackRock, Inc. has a twelve month low of $360.79 and a twelve month high of $492.00. The firm has a 50 day moving average of $454.01 and a 200 day moving average of $446.56.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, July 19th. The asset manager reported $6.41 EPS for the quarter, missing the consensus estimate of $6.52 by ($0.11). BlackRock had a net margin of 30.25% and a return on equity of 13.24%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $6.66 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that BlackRock, Inc. will post 27.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, September 5th will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.24%. The ex-dividend date is Wednesday, September 4th. BlackRock’s payout ratio is 49.02%.

BLK has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley boosted their target price on shares of BlackRock from $550.00 to $553.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Barclays boosted their target price on shares of BlackRock from $515.00 to $540.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, UBS Group upped their price target on shares of BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $499.03.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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GHP Investment Advisors Inc. Boosts Stock Position in BlackRock, Inc. (NYSE:BLK)

GHP Investment Advisors Inc. lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 11.0% during the 2nd quarter, according to its most recent 13F filing …

BlackRock logoGHP Investment Advisors Inc. lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,008 shares of the asset manager’s stock after purchasing an additional 199 shares during the period. GHP Investment Advisors Inc.’s holdings in BlackRock were worth $942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BLK. Sompo Japan Nipponkoa Asset Management CO. LTD. increased its position in BlackRock by 36.7% during the second quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 820 shares of the asset manager’s stock worth $385,000 after acquiring an additional 220 shares during the period. John G Ullman & Associates Inc. boosted its stake in BlackRock by 66.5% during the second quarter. John G Ullman & Associates Inc. now owns 1,665 shares of the asset manager’s stock worth $781,000 after buying an additional 665 shares in the last quarter. Spectrum Management Group Inc. boosted its stake in BlackRock by 133.3% during the second quarter. Spectrum Management Group Inc. now owns 84 shares of the asset manager’s stock worth $39,000 after buying an additional 48 shares in the last quarter. North Point Portfolio Managers Corp OH boosted its stake in BlackRock by 0.7% during the second quarter. North Point Portfolio Managers Corp OH now owns 33,480 shares of the asset manager’s stock worth $15,712,000 after buying an additional 243 shares in the last quarter. Finally, Clarius Group LLC boosted its stake in BlackRock by 5.8% during the second quarter. Clarius Group LLC now owns 967 shares of the asset manager’s stock worth $454,000 after buying an additional 53 shares in the last quarter. 82.24% of the stock is currently owned by institutional investors.

NYSE:BLK traded down $0.35 during trading hours on Monday, reaching $406.90. 254,142 shares of the stock were exchanged, compared to its average volume of 545,938. BlackRock, Inc. has a twelve month low of $360.79 and a twelve month high of $492.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.92 and a quick ratio of 2.92. The firm has a 50 day moving average of $454.01 and a 200 day moving average of $446.56. The stock has a market cap of $63.19 billion, a PE ratio of 15.11, a PEG ratio of 1.55 and a beta of 1.51.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, July 19th. The asset manager reported $6.41 EPS for the quarter, missing the consensus estimate of $6.52 by ($0.11). The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.57 billion. BlackRock had a net margin of 30.25% and a return on equity of 13.24%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $6.66 EPS. Equities research analysts anticipate that BlackRock, Inc. will post 27.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, September 4th. BlackRock’s payout ratio is presently 49.02%.

BLK has been the topic of several recent analyst reports. Barclays boosted their target price on shares of BlackRock from $515.00 to $540.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Morgan Stanley upped their price target on shares of BlackRock from $550.00 to $553.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, UBS Group upped their price target on shares of BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $499.03.

BlackRock Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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