HSBC Private Bank is to wind down its Monaco business and has signed an agreement to refer its clients to CFM Indosuez Wealth Management.
French asset management firm Amundi has confirmed its interest in buying Pioneer Investment from Italian bank UniCredit but denied the €4bn (£3.6bn, $4.4bn) bid offer reported in the media.
With Credit Suisse ending direct client coverage out of the Channel Islands, the Swiss bank has set up a wealth management firm with local financial service provider Stenham Group, that will act as an external asset manager (EAM) for the bank regionally and elsewhere.
The US Department of Labor’s planned RDR-style rule change on providing investment advice for retirement planning, will have a major impact on investment flows, fund management giant BlackRock said in its quarterly results statement on Tuesday.
US-headquartered SEI is to close its office in the Dubai International Financial Centre next month and will service its Middle East clients from London.
Farringdon Asset Management, part of the Malaysia-based Farringdon Group, has received a licence to operate in Singapore where it will focus on focus on providing expat clients with discretionary portfolio management services.
Leeds-based wealth manager The Private Office (TPO) has acquired PQR Financial Planning, a firm of financial planners based in London, in a move that bucks the trend for large restricted advice firms to swallow smaller, independent players.
In the wake of launching Provisca, founders Bryan Low and Nigel Watson talk about the challenges facing the offshore market and how they cater to the financial services ‘trinity’ of product providers, IFAs and clients.
UK financial planning firm Aisa International has set up a branch in the Czech Republic following its registration as a Mifid tied agent, as part of the firm's ambitious plans to set up further such branches in future.
Offshore law firm Collas Crill and British Virgin Islands firm Farara Kerins are to merge with effect from 1 January 2017, subject to regulatory approval.
Sanlam UK is to set up a new division encompassing its discretionary fund management and financial advice divisions and launch a partnership initiative for advice firms to join the group in a move that challenges St James’s Place’s existing model.
London headquartered Jupiter Fund Management saw mutual fund net inflows of £0.8bn ($0.97bn, €0.88bn) in the third quarter of this year, fuelled by extending its relationships with key distributors on a global basis.
Christopher Byrne, the founder and managing director of Jersey-based IFA firm Lumiere Wealth, has been arrested in connection with the firm’s ties to the Guernsey-registered Providence funds.
Specialist expat financial advisory group Forth Capital has decided to withdraw from the United Arab Emirates (UAE) and close its business in the Dubai International Financial Centre.
UK-based fund manager Neptune Investment Management is to launch a discretionary fund management business in partnership with Raymond James Investment Services under the moniker Equester Capital Management.
Deutsche Bank is working on an initial public offering of its asset management division to rebuild its capital position, the Financial Times has reported.
European Wealth has bought a book of business from Towry Asset Management, based on its clients in South Africa, who are estimated to have £120m ($152m, €132m) worth of assets.
Trust and corporate services provider Zedra has agreed a deal to acquire Barclays UK trust business for an undisclosed sum.
South African advisory firm Carrick Wealth has opened a new office in Botswana as part of a wider expansion across the continent, the firm has revealed.
Axa Wealth International on the Isle of Man has been...
The Portuguese government is looking at plans to introduce...
Merrill Lynch, one of the ‘big four’ investment banks...
More than three in five UK adults with assets above...
US-headquartered SEI is to close its office in the...