The State Treasurer is putting ESG in the political crosshairs by divesting from an asset manager based on its environmental and sustainable approach to investing. West Virginia’s Board of Treasury Investments, which manages $8 billion in state operating funds, has dropped BlackRock money market funds from its portfolio, citing concerns over the firm’s focus on…
Jacinda Ardern wins New Zealand election by landslide World leaders send messages of congratulations. New Zealand’s Prime Minister Jacinda Ardern won a second term in office on Saturday, delivering the biggest election victory for her centre-left Labour Party in half a century as voters rewarded her for a decisive response to COVID-19. The win…
Africa is a Land of Opportunity.’ United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa Even as the pandemic inflicts a devastating toll on the global economy, United Bank for Africa (UBA) Group Chairman Tony Elumelu insists that now is the time to invest in countries in…
Europe looks to ease lockdowns As global coronavirus cases passed the 3 million mark Monday, some of the hardest-hit European countries signaled tentative moves to restart their economies after weeks of lockdowns. Italy will start reopening construction and manufacturing sectors on May 4, retailers and museums on May 18, and bars, restaurants and hair salons on June 1. Schools won’t reopen until September.…
The corona crisis is a jolt to the wealth management industry. For more innovative private banks, the pandemic represents a historic opportunity. Eight scenarios. The prospects for Swiss private banks – which cater to the financial affairs of wealthy clientele – were dire before the coronavirus pandemic hit. Sandwiched between big universal banks and a…
