5 April 2013
The US is in the early stages of a “manufacturing renaissance,” with firms moving their manufacturing operations back to the US, says US investment house Brown Advisory. This, the firm said, means that the country offers investors strong and sustainable growth potential . Brown reports that, in the past two years, many global manufacturers have “re-shored” to the US, taking advantage of the dollar’s weakness relative to the euro and the yuan, competitively priced real estate in rural areas (compared to coastal China), and labour and energy costs.
5 March 2013
Thomas Nides, former deputy secretary of state and a chief operating officer of New York-listed Morgan Stanley before that, rejoined the firm as vice chairman. Reporting to chairman and chief executive James Gorman, Nides will focus on Morgan Stanley’s global clients and other key constituencies around the world . He will also work with senior management on issues related to external and government affairs, while serving as a member of the firm’s operating and management committees.
11 February 2013
Brown Advisory has appointed Porter Schutt and Bill Dugdale as partners in Wilmington, DE. Schutt will oversee the Wilmington office and draw on his expertise in global equities to develop solutions for private clients and non-profits . Meanwhile, Dugdale will be primarily responsible for the office’s client service and advisory functions, while also sharing his investment views with the firm.
8 February 2013
Baird is planning to open a new wealth management office in the Northeast and has brought in Peter Miller from Wells Fargo to lead the effort. Miller is charged with recruiting experienced advisors in the Northeast to staff a new office there; the precise location of the new office has not been determined yet . Miller himself will be based at the firm’s St Louis office.
16 January 2013
Brown Advisory has taken on Malcolm MacColl as a partner at its Boston, MA, office, as the firm looks to expand its offering for private clients and family offices. The firm said MacColl will strengthen the investment, client service and business development efforts for its private, institutional and non-profit clients in New England and nationally . MacColl joins from Crosswind Investments, an investment management firm he founded and led until selling it to the Lee Munder Capital Group last year.
6 November 2012
Deutsche Bank appointed senior manager Jacques Brand as its chief executive for North America, joining the Frankfurt-listed bank’s group executive committee. He took over from Seth Waugh, who as announced in February this year is stepping down after a decade in the post . Brand joined Germany’s largest bank in 1999 in New York.
25 October 2012
Brown Advisory has appointed Christopher Bartlett - latterly head of global equity sales and trading at Wells Fargo - as a partner based at its Baltimore, MD, office. He will serve as a senior portfolio manager to families, non-profits and other institutions across the US and globally . Bartlett joined Wells Fargo at the end of 2008 as part of Wachovia Securities.
25 July 2012
Despite the subdued prospects for the US economy, many US tech stocks remain well-positioned to thrive, according to Brown Advisory, the Baltimore-headquartered investment management firm. As Brown Advisory notes, at 6 per cent the tech and tech-enabled sectors of the S&P 500 have grown three times faster than US GDP between 2008 and 2011 and it predicts that the sectors will “continue expanding more rapidly than global GDP for the foreseeable future . ” The main reason behind the strength of tech companies is their culture of innovation and finding a route to growth despite broader economic woes, said William Paternotte, partner and senior client advisor.
5 July 2012
Bob Diamond resigned as chief executive of Barclays in the wake of a LIBOR-rigging scandal that has rocked the financial industry. Eaton Vance Investment Counsel, a subsidiary of New York-listed Eaton Vance, appointed William Gillen as vice president of business development . Gillen will be responsible for enhancing its presence “in the marketplace and overall marketing efforts,” as well as managing select client relationships, reporting to David McCabe, president of EVIC.
29 June 2012
Brown Advisory has strengthened its Boston office, appointing Dune Thorne as partner - a role in which she will also serve as a senior investment and strategic advisor to families, family offices and foundations. Thorne joins Brown Advisory from Silver Bridge Advisors, where she was a managing director and principal, as well as serving on the management committee . Prior to Silver Bridge, Thorne was the director of investments for Circle Financial Group, an investment and wealth management think tank for ultra high net worth women.
News and Features
Comment and Analysis
The annual RBC Wealth Management/Capgemini World Wealth Report also showed that North America, which in 2011 had lost its top-dog status to Asia-Pacific, is now back as the place with the largest high net worth market.
18 June 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013