AGP Executive Report
Last update: 3 hours agoSwiss Business & Economy: Swiss Re appointed Hazel Etherington as Head of Underwriting, Life and Health for Hong Kong and Taiwan, and Global High Net Worth, adding nearly 40 years of life/health insurance experience. Private Markets Stress: Blackstone capped withdrawals at its flagship private credit fund as redemption requests rose, limiting payouts to 5% after investors sought 10% in Q2—another sign of liquidity strain spreading across private funds. Asset Management Watch: Partners Group is also expected to cap withdrawals from a second investment pool after repurchase requests hit 6% of assets, Reuters reports, as volatility hits open-ended “evergreen” vehicles. Regulation & Corporate Governance: Rajesh Exports shares fell after SEBI action alleging massive revenue misstatement; the company says the issue was a “confusion and communication gap” involving Valcambi EBITDA vs revenue. Trade & Tariffs: The US proposed Section 301 tariffs on 60 economies over forced-labour claims, explicitly including Switzerland among the targeted countries—while analysts warn the approach looks “wobbly” for partners. Travel & Connectivity: Germany abolished airport transit visa requirements for Indian nationals via German hubs from 3 June, with Lufthansa welcoming the move; SWISS also announced a new Zurich link in its winter schedule. Pharma Quality: Bliss GVS Pharma said its facility received WHO-GMP compliance confirmation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.