VAM Funds signs distribution deal with Novia Global and OMI

VAM Funds signs distribution deal with Novia Global...

Luxembourg-based asset manager VAM Funds has signed a partnership with two platforms for the distribution of its fund ranges.

Published : 17, Aug 2017
Prudential restructure sees US broker network sell-off

Prudential restructure sees US broker network...

UK insurer Prudential has sold its US independent broker-dealer network to focus on local retirement products just days after announcing plans to merge its UK insurance and asset management businesses.

Published : 16, Aug 2017
Cost of one child’s education in UAE hits AED1m

Cost of one child’s education in UAE hits AED1m...

The cost of putting one child through education from pre-school through to university could reach almost AED1m (£211,456, $272,241, €232,584)for families in the United Arab Emirates (UAE), research from Zurich – Middle East shows.

Published : 16, Aug 2017
DeVere’s Europe expansion continues with first Austria office

DeVere’s Europe expansion continues with first...Lock icon

DeVere Group is to open its first office in Austria as part of its “ambitious expansion” across western Europe, which saw the company re-open its office in Madrid three years after shutting it down.

Published : 16, Aug 2017
Alibaba sets up Hong Kong wealth management firm

Alibaba sets up Hong Kong wealth management firm...

A subsidiary of Chinese e-commerce giant Alibaba has set up a wealth management business in Hong Kong and hired a former UBS director of ultra-high net worth assets as managing director.

Published : 16, Aug 2017
ETF pioneers launch 'white label' platform for asset managers

ETF pioneers launch 'white label' platform for...

Asset managers around the world will be able to sell white-labelled ETFs in Europe when the former co-heads of exchange-traded fund provider WisdomTree Europe unveil what they claim is the continent's first such platform.

Published : 15, Aug 2017
Allfunds to open Nordics office

Allfunds to open Nordics office

Mutual funds platform operator Allfunds Bank has announced plans for expansion across the Nordic region with the opening of a local representative office.

Published : 14, Aug 2017
Singaporeans are top financial adviser users

Singaporeans are top financial adviser users

Singapore is the country with the highest proportion of investors seeking the help of financial advisers to manage their assets, according to a survey by global investment firm Legg Mason.

Published : 14, Aug 2017
'Dramatic year' fails to dent Praemium's growth

'Dramatic year' fails to dent Praemium's growth...Lock icon

Strong growth both in Australia and internationally pushed funds under administration at Praemium up 28% to A$6.1bn (£3.6bn, $4.7bn, €4bn) in spite of the boardroom turmoil that saw the company’s chief executive sacked and then return a few months later.

Published : 14, Aug 2017
Standard Life Aberdeen creates £11bn investment giant

Standard Life Aberdeen creates £11bn investment...

The formation of investment giant Standard Life Aberdeen has been finalised, the company confirmed on Monday.

Published : 14, Aug 2017
OMI posts sharp rise in Middle East client inflows

OMI posts sharp rise in Middle East client inflows...

Old Mutual International, the offshore arm of Old Mutual Wealth, has seen striking growth in cash inflows from clients in the Middle East during the first half of 2017, according to interim results posted on Friday.

Published : 11, Aug 2017
PEOPLE MOVES: Liontrust, Kames Capital, Legal & General

PEOPLE MOVES: Liontrust, Kames Capital, Legal...Lock icon

Liontrust has been unveiled as the new home for two Kames Capital’s fixed income managers, with their alma mater wasting little time in announcing their replacements. Meanwhile, a former OMGI fund manager has reappeared at Legal & General Investment Management.

Published : 11, Aug 2017
The challenge to advisers posed by low cost platform rivals

The challenge to advisers posed by low cost platform...Lock icon

When Vanguard UK announced a 50% reduction in its UK closed-platform fee structure for online clients recently, it certainly caused a stir, says Paul Gambles, managing director of Thailand-based MBMG Group.

Published : 11, Aug 2017
Aegon sells Irish and Dutch units as Cofunds boosts results

Aegon sells Irish and Dutch units as Cofunds boosts...

Dutch insurer Aegon is selling its Irish offshore bond operation and its Netherlands-based advice business, while a strong boost in earnings from platform Cofunds, according to its latest quarterly report.

Published : 10, Aug 2017
Sanlam expands adviser network with Tavistock takeover

Sanlam expands adviser network with Tavistock...

Sanlam UK has acquired the advisory arm of Tavistock Investments, taking over its network of 158 advisers and adding £1.5bn ($1.95bn, €1.66bn) to Sanlam's total assets under advice.

Published : 10, Aug 2017
VAM launches lower charging clean share class for fund range

VAM launches lower charging clean share class...

Luxembourg-based asset manager VAM Funds has launched a clean share class option for its Ucits fund range.

Published : 9, Aug 2017
Goldman Sachs to sell entire Rothesay Life stake

Goldman Sachs to sell entire Rothesay Life stake...Lock icon

Goldman Sachs has agreed to sell its remaining stake in UK-based life insurer Rothesay Life to MassMutual Life Insurance and to funds managed or advised by investment firm Blackstone and Singaporean fund management company GIC.

Published : 9, Aug 2017
Australia’s biggest bank flags sale of life insurance business

Australia’s biggest bank flags sale of life insurance...

The Commonwealth Bank of Australia (CBA) is in talks to sell its life insurance business, the bank has revealed as it reported a 4.6% rise in annual cash earnings to AUD9.88bn (£6bn, $7.8bn, €6.64bn) and raised its dividend.

Published : 9, Aug 2017
Generali signs $172m agreement to sell Panama business

Generali signs $172m agreement to sell Panama...

Generali has entered into an agreement to sell its business in Panama, the latest in a series of exits from Latin American markets for the Italian insurer.

Published : 8, Aug 2017
PEOPLE MOVES: Manulife, Sanlam UK, GAM

PEOPLE MOVES: Manulife, Sanlam UK, GAMLock icon

Manulife Hong Kong has a new chief financial officer, while Sanlam UK has raided Close Brothers Asset Management to find a chief executive for its new private office proposition. GAM has poached its new representative director and president for Japan from Schroder Investment Management.

Published : 8, Aug 2017

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