Adviser network Nexus Global expands to Latin America

Adviser network Nexus Global expands to Latin...

European IFA network Nexus Global (NXG) has expanded to Latin America with the addition of EBG International, a Chile-based advice firm that focuses on the financial planning needs of international executives across the region.

Published : 23, Feb 2017
Ombudsman orders deVere UK to compensate client

Ombudsman orders deVere UK to compensate client...

The UK's financial ombudsman has upheld a complaint against deVere and Partners (UK), in part, after a client accused the international advice firm of “passing the buck”, not providing sufficient advice and making poor investment choices.

Published : 22, Feb 2017
Swiss-Hong Kong fund recognition scheme garners interest

Swiss-Hong Kong fund recognition scheme garners...

The planned Switzerland-Hong Kong mutual fund recognition scheme has already begun to attract interest from Asian fund managers interested in the lucrative Swiss market.

Published : 22, Feb 2017
Life is tougher for advisers as regulations bite

Life is tougher for advisers as regulations bite...

Financial advisers in the UK, Australia, Hong Kong, Canada and the US have reported that working in the industry is getting harder mainly due to regulatory changes, and they expect to see a shake-out in the next three to five years, according to a survey by Vanguard.

Published : 21, Feb 2017
PEOPLE MOVES: Axa, HSBC, JP Morgan

PEOPLE MOVES: Axa, HSBC, JP Morgan

Axa Life Insurance has lost its head of international brokers in Singapore, while the private banking arms of HSBC and JP Morgan have named regional heads of various European countries.

Published : 21, Feb 2017
Northern Trust expands in Europe with UBS buy

Northern Trust expands in Europe with UBS buy

US-based Northern Trust Corp is to buy UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland.

Published : 20, Feb 2017
Asset management outlook bright but technology threat lurks

Asset management outlook bright but technology...

Two-thirds of chief executives in the asset and wealth management industry believe technology will reshape their business over the next five years, but just 10% are prioritising the development of digital skills and capabilities within their companies.

Published : 20, Feb 2017
PEOPLE MOVES: RBC WM, Moola, Ascot Lloyd

PEOPLE MOVES: RBC WM, Moola, Ascot Lloyd

Canada’s RBC has appointed a head of wealth management for its businesses in the UK, the Channel Islands and Asia. Gemma Godfrey’s Moola has poached its chief investment officer from BlackRock, while Ascot Lloyd has created a new head of advice role.

Published : 17, Feb 2017
South Korean Dancing

South Korea's ING Life Insurance applies for IPO...

Seoul-based ING Life Insurance Korea, South Korea's fifth-largest life insurer, has applied for an initial public offering (IPO).

Published : 17, Feb 2017
Australia's IOOF profits fall after trimming adviser business

Australia's IOOF profits fall after trimming adviser...

One of Australia’s biggest and oldest independent financial advice and wealth management companies, IOOF, has posted a 45% drop in net profit for the six months to 31 December 2016.

Published : 16, Feb 2017
How strong ethics can help overcome distrust

How strong ethics can help overcome distrust

With perception often speaking louder than truth, Simon Webley, research director for the Institute of Business Ethics, believes preservation of trust within a business, externally and internally, must be a top priority for management.

Published : 16, Feb 2017
Provisca brings UK standards to int’l pension transfers

Provisca brings UK standards to int’l pension...

International product distribution company Provisca has signed a partnership agreement to market and distribute The QROPS Bureau’s independent technical support, due diligence and compliance support service to advisers outside the UK.

Published : 15, Feb 2017
PEOPLE MOVES: Guernsey Finance, Brooks Macdonald, C Hoare & Co

PEOPLE MOVES: Guernsey Finance, Brooks Macdonald,...

Guernsey Finance has appointed its first Hong Kong representative, while Brooks Macdonald has poached an investment manager from HSBC GAM. The acquisition of C Hoare & Co’s wealth management division will see two high profile people step down.

Published : 14, Feb 2017
Firms lining up to buy Old Mutual’s US asset management stake

Firms lining up to buy Old Mutual’s US asset management...

Old Mutual is in talks to sell a stake in its US asset management unit following approaches from China’s HNA group.

Published : 13, Feb 2017
SJP slammed over ‘commission-style’ rewards for advisers

SJP slammed over ‘commission-style’ rewards for...

St James’s Place, one of Britain’s biggest wealth managers, has come under fire for paying its advisers using an ‘air miles’ type system which rewards them with trips and jewellery for bringing in high levels of client investment.

Published : 13, Feb 2017
Channel Islands’ stock exchange to open Isle of Man office

Channel Islands’ stock exchange to open Isle of...

The Guernsey-based Channel Islands Securities Exchange (CISE) plans to open a representative office in the Isle of Man next month after rebranding as The International Stock Exchange (TISE).

Published : 10, Feb 2017
PEOPLE MOVES: Sarasin & Partners, Natixis, Tilney

PEOPLE MOVES: Sarasin & Partners, Natixis, Tilney...

Senior appointments were the name of the game this week with Sarasin & Partners appointing a head of distribution, Natixis Global Asset Management replacing its chief executive, and newly rebranded Tilney Group hiring a chief investment officer.

Published : 10, Feb 2017
ETF Securities targets Australia following Hong Kong exit

ETF Securities targets Australia following Hong...

UK-based ETF Securities has said it will focus on expanding its presence in Australia following the asset manager’s exit from Hong Kong earlier this year.

Published : 10, Feb 2017
Course on insurance adviser behaviour launched Down Under

Course on insurance adviser behaviour launched...

A training course designed to improve consumer confidence and build professional competence in the broking profession has been launched in Australia and New Zealand.

Published : 10, Feb 2017
GWM to ‘aggressively expand’ UHNW offering as Coady gets going

GWM to ‘aggressively expand’ UHNW offering as...

Guardian Wealth Management is to “aggressively expand” its ultra-high net worth client (UHNW) business, targeting UK residents as part of former deVere UK managing director Mike Coady’s new plans to grow its existing offices around the world in 2017.

Published : 9, Feb 2017

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