Muto to depart RBC Dexia

RBC Dexia Investor Services (RBC Dexia IS) head of technical sales, Scott Macdonald, has been promoted to managing director and will replace Alex Muto from January.

The Canadian Muto ran the Australian arm of RBC Dexia IS for nearly three years, during which time it developed something of a specialty for servicing medium-to-small funds managers, and recently entered the unit registry market via an administration deal with Goldman Sachs JBWere Asset Management. Macdonald is currently head of technical sales, leading a global team specialising in the custodian’s forex, securities lending and performance analytics services. Muto will remain until at least March 2007 to ease Macdonald’s transition to the helm.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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