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Thomas Hirschi appointed new Head of Asset Management division

Thomas Hirschi is to be become a member of the Executive Board of the Swiss Financial Market Supervisory Authority FINMA. FINMA’s Board of Directors has appointed the 44-year-old to the Executive Board as the new Head of the Asset Management division. Thomas Hirschi will take up his new role on 1 January 2020.



2020 GIPS Standards released

CFA Institute has released the 2020 edition of the Global Investment Performance Standards (GIPS®) set to take effect 1 January 2020. This marks an important milestone in the evolution of the GIPS standards to ensure their relevance for all asset classes and asset managers.

The updated GIPS standards are based on industry best practice and input received during the public comment period. The changes empower more investment managers and asset owners to embrace investment performance transparency and industry-wide comparability.

The 2020 GIPS standards include chapters for each of the three key audiences:

With the issuance of the 2020 GIPS standards, the online presence for the GIPS standards is moving from www.gipstandards.org to the CFA Institute website.