French private bank enters UK wealth space

French private bank enters UK wealth space

Banque Transatlantique, part of French banking group Crédit Mutuel-CM11, is launching a wealth management business in the UK.

Published : 22, Sep 2017
AIA pays $2.4bn for Aussie and New Zealand life insurers

AIA pays $2.4bn for Aussie and New Zealand life...

The Commonwealth Bank of Australia has sold its life insurance businesses in Australia and New Zealand to AIA Group for A$3bn (£1.8bn, $2.4bn, €2bn).

Published : 21, Sep 2017
European Wealth CEO departs as losses deepen

European Wealth CEO departs as losses deepen

The group chief executive of Guernsey-based European Wealth has decided to leave the company a week after announcing he would be taking an indefinite leave of absence and the company reported a loss for the first half of 2017.

Published : 20, Sep 2017
Foreign insurers forced to meet Malaysian 70% ownership cap

Foreign insurers forced to meet Malaysian 70%...

Insurance companies in Malaysia are looking to sell just under a third of their local businesses to comply with a 70% cap on foreign ownership.

Published : 20, Sep 2017
Online insurer ZhongAn eyes life market

Online insurer ZhongAn eyes life market

Online-only insurer ZhongAn Online Property and Casualty Insurance is planning to offer life insurance and healthcare products to accelerate growth after going public in Hong Kong.

Published : 19, Sep 2017
PEOPLE MOVES: HMRC, Deloitte, StanChart

PEOPLE MOVES: HMRC, Deloitte, StanChartLock icon

HMRC's most senior tax professional is to retire, while Deloitte has poached a senior commissioner from the US Internal Revenue Service, and Standard Chartered Private Bank has hired two veteran private bankers in Asia.

Published : 15, Sep 2017
AXA sell off in Hong Kong sees high demand, press report

AXA sell off in Hong Kong sees high demand, press...

Around two dozen bidders are competing to buy the Hong Kong wealth management unit of French insurance giant Axa SA, according to Reuters.

Published : 14, Sep 2017
Generali sells Dutch business to local insurer for €143m

Generali sells Dutch business to local insurer...

Italian insurer Generali has agreed to sell its Dutch operation to the former Fortis insurance arm ASR Nederland for €143m (£129m, $171m).

Published : 13, Sep 2017
PEOPLE MOVES: Manulife, JPMAM, Lombard International

PEOPLE MOVES: Manulife, JPMAM, Lombard International...Lock icon

Manulife is consolidating its wealth businesses and moving several key figures, while JPMAM has raided the UK Treasury to hire a chief market strategist for Europe and UK and Lombard International created a new chief operating officer role.

Published : 12, Sep 2017
Sipp sales offset Qrops slump at STM

Sipp sales offset Qrops slump at STM

UK financial services firm STM Group doubled its pre tax operating profit during the first six months of 2017, with new business from self-invested personal pension (Sipp) products helping offset the impact of the new government levy on transfers to foreign pension schemes.

Published : 12, Sep 2017
Cyberattack hits 5,400 Axa Insurance customers

Cyberattack hits 5,400 Axa Insurance customers...

Personal data belonging to around 5,400 Axa Insurance customers in Singapore was compromised in a cybersecurity incident.

Published : 12, Sep 2017
Dublin duo join OpesFidelio advice network

Dublin duo join OpesFidelio advice network

European cross-border financial planning network OpesFidelio has added a Dublin branch run by Nick and Rachel Reid.

Published : 11, Sep 2017
Raid on rival boosts new AIA advice arm

Raid on rival boosts new AIA advice arm

Singapore’s newly minted AIA Financial Advisers is on a recruitment spree and has reportedly made an offer of around S$100m (£56.5m, $74.5m, €62m) to lure across more than 300 people from Great Eastern’s Advisors Alliance Group.

Published : 11, Sep 2017
Fullerton and Man Group to launch private funds in China

Fullerton and Man Group to launch private funds...

Singapore’s Fullerton Fund Management and alternatives specialist Man Group have received private fund management (PFM) licences from the Asset Management Association of China.

Published : 11, Sep 2017
Intelligent Money launches platform for inactive IFA clients

Intelligent Money launches platform for inactive...

Investment manager and Sipp provider Intelligent Money has launched a white-labelled investment tool that allows advisers to offer a low-cost proposition to inactive clients they no longer serve face-to-face.

Published : 8, Sep 2017
Hansard and Fidelity unveil retail client risk profiling tool

Hansard and Fidelity unveil retail client risk...Lock icon

Isle of Man-based savings provider Hansard International has teamed up with global asset manager Fidelity International to launch a tool to help financial advisers identify the risk profile of retail clients.

Published : 8, Sep 2017
Clive Baker departs in shake up at Zurich Int'l Life

Clive Baker departs in shake up at Zurich Int'l...Lock icon

After five years as chief executive of Zurich International Life based on the Isle of Man, Clive Baker has “decided to move on to new opportunities”, the company has confirmed to International Adviser.

Published : 7, Sep 2017
BNP Paribas AM buys majority stake in Belgian robo-adviser

BNP Paribas AM buys majority stake in Belgian...

BNP Paribas Asset Management has acquired a majority stake in Gambit, a Belgian fintech firm that will become the preferred partner for robo-advisory solutions for BNP’s retail and wealth management networks.

Published : 7, Sep 2017
Standard Life advice boss changes role, plans acquisitions

Standard Life advice boss changes role, plans...

Standard Life’s restricted advice arm 1825 has announced a reshuffle of senior management roles.

Published : 6, Sep 2017
Momentum Pensions to target rival Sipp providers for growth

Momentum Pensions to target rival Sipp providers...

International Qrops provider Momentum Pensions has announced it intends to grow the self invested personal pension (Sipp) part of its business by acquiring rival companies.

Published : 6, Sep 2017

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