Asset management unit to broaden investment capabilities and enlarge product offering to reach €500bn of assets under management by 2020. New target of €300million per annum for the net result of the asset management unit by 2020 adding €150million to the Group's net profit. New strategy to create the largest European multi-boutique insurance asset management platform

The Global ETF/ETP industry had 6,835 ETFs/ETPs, with 12,892 listings, assets of US$4.002 trillion, from 313 providers listed on 68 exchanges in 56 countries at the end of April 2017, according to preliminary data from ETFGI's April 2017 report.

The California Public Employees' Retirement System (CalPERS) is calling fellow shareowners of Occidental Petroleum, the international oil and gas company, to vote in favor of a proxy ballot resolution requiring the company to report on environmental risks and opportunities associated with climate change.

The second round of the French presidential elections has led to victory for Emmanuel Macron, who achieved more than 66% of votes. This result marks a clear watershed with traditional French politics over the past 50 years, as it is the first time that none of the mainstream parties have had a candidate in the second round of voting.

Nomura, Asia's global investment bank, announced that it has appointed Alberto Ardura as a Managing Director and Head of Latin America Sales and Client Coverage for its Emerging Markets business. Mr. Ardura is based in New York and is responsible for sales and the overall coverage of the firm's Global Markets clients based in Latin America.