On April 7, 2022, Franklin Asset Advisors announced the departure of Greg Wilkinson, manager of the FGRAF fund, effective June 2022, as well as the closure of its regional offices in Asia. Greg orchestrated the launch of the fund in collaboration with Desjardins Insurance.
Andrew Knox will manage the FGRAF fund with the help of a small team in Calgary and will be supported by resources in the New York office and in Europe to cover the underlying managers.
On April 7, 2022, Lazard Asset Management announced the retirement of Ashish Bhutani, Chief Executive Officer, on June 1, 2022. Ashish will be replaced by Evan Russo, who has served as CFO since 2017.
On April 14, 2022, Mawer announced the departure of Nadine Krenosky, Head of Global Compliance and CCO, along with some changes made to its global equity team:
- Manar Hassan-Agha, Equity Analyst, is joining the team.
- Stanislav Lopata, Equity Analyst, is no longer part of the team.
- Peter Lieu, Private Equity Portfolio Manager, Daniel Lee, Equity Trader, Asim Hussain and Michael Vogel, Equity Analysts, were hired.
On April 7, 2022, BlackRock announced that its LifePath® target date fund investment team is looking to evolve the portfolio construction approach to address risks and opportunities related to environmental, social and governance (ESG) criteria.
In the late second half of 2022, this team will begin to transition the equity components of the LifePath Index target date fund suites to include sustainable building blocks.
More specifically, the team will begin to transition the current market cap weighted equity building blocks to ESG-optimized equity indices covering the same asset classes and geographies.
More details will follow as we get closer to the official transition date.