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People News: C Suisse, Goldman Sachs

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Robertson Stephens, the investment management firm for wealthy individuals, family offices and institutions, has hired Alice Wu as managing director and president of the Asia region.

Euribor trial date has just been set

Gavel Jason Morrison

The jury trial date for six people alleged of playing a role in the manipulation of the Euro Interbank Offered Rate (Euribor) has today been set to begin on 4 September 2017.

Shareholders expect HSBC to stay in London

HSBC building at night

Major investors in HSBC think the bank is more likely to remain headquartered in London following changes to the political and regulatory landscape since the bank announced a review nine months ago.

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Hedge Fund

Hedge funds see investment exodus amid faltering performance

If money talks, then one of the things it has been saying this summer is that investors are no longer interested in hedge funds. Investors withdrew $25.2bn from hedge funds in July, according to eVestments. This is the largest monthly redemption since February 2009, when investors redeemed $28.2bn.

Credit Suisse Tower

C Suisse unit plans seen as too ambitious

Credit Suisse’s profitability targets for the Swiss unit, earmarked for a partial initial public offering in 2017, may be too ambitious, according to the heads of some of Switzerland’s largest consumer banks.