BNP Paribas rebrands and targets three key markets

BNP Paribas rebrands and targets three key markets...

BNP Paribas Investment Partners is targeting Germany, China and the US as the three key markets where it can accelerate sales growth significantly, the firm revealed in a 2020 strategic plan statement.

Published : 24, May 2017
DeVere closes Miami office

DeVere closes Miami office

International advisory firm deVere Group has closed its Miami office, one of its two major hubs in the US, following the company’s “strategic review” announced earlier this year.

Published : 24, May 2017
OCBC opens Indonesia wealth unit amid tax amnesty success

OCBC opens Indonesia wealth unit amid tax amnesty...

Singapore’s OCBC Bank has launched an onshore private banking business, spurred by Indonesia's tax amnesty.

Published : 24, May 2017
China's HNA looks to buy a stake in Value Partners

China's HNA looks to buy a stake in Value Partners...

Chinese conglomerate HNA Group is looking to buy a stake in Hong Kong fund management firm Value Partners, making it the company's fourth investment in an asset manager in the past six months.

Published : 23, May 2017
PEOPLE MOVES: Standard Life, Hargreaves Lansdown, Franklin T.

PEOPLE MOVES: Standard Life, Hargreaves Lansdown,...Lock icon

Standard Life Investments hires an ex-JP Morgan executive director, as Hargreaves chairman Mike Evans reveals he will be stepping down. Franklin Templeton poaches a key figure from Aberdeen Asset Management while DFM Beaufort has hired a new investment manager.

Published : 19, May 2017
Guernsey regulator issues warning on new Sark company registry

Guernsey regulator issues warning on new Sark...

Guernsey’s financial regulator has issued a warning about an organisation on the nearby tiny Channel Island of Sark, where it has a website promoting a company registry there for the first time.

Published : 19, May 2017
Pacific AM buys stake in emerging markets equities manager

Pacific AM buys stake in emerging markets equities...Lock icon

Pacific Asset Management (PAM) has acquired a stake in London-based boutique investment manager North of South Capital, signalling a return to emerging markets for Pacific Investments Group co-founder John Beckwith following the sale of Thames River Capital, later Nevsky Capital, in 2010.

Published : 18, May 2017
Asia and Middle East spur 11% growth for RL360°

Asia and Middle East spur 11% growth for RL360°...Lock icon

Isle of Man-based RL360° reported a spike in new business growth of 11% in 2016, driven strong sales of regular premium plans in Asia, Latin America and the Middle East.

Published : 18, May 2017
Prudential Asia CEO stepping down, replacement confirmed

Prudential Asia CEO stepping down, replacement...

Tony Wilkey is to step down as chief executive of Prudential Corporation Asia. His replacement has been named as Prudential’s group chief financial officer Nic Nicandrou, who will subsequently be replaced by Deloitte UK’s Mark FitzPatrick.

Published : 18, May 2017
South Africa’s Sanlam increases stake in Moroccan insurer

South Africa’s Sanlam increases stake in Moroccan...

South Africa's financial services group Sanlam and leading insurer Santam have increased their stake in Morocco’s SAHAM Finances for $329m (£254m, €298m).

Published : 18, May 2017
Ex-Globaleye managing director Scott Balsdon joins Holborn

Ex-Globaleye managing director Scott Balsdon joins...

Scott Balsdon has joined Holborn Assets in Dubai as a non-executive director having left his role as managing director of Globaleye in December 2016 after nine years with the firm.

Published : 17, May 2017
Standard Life sets sight on Dublin for EU hub

Standard Life sets sight on Dublin for EU hub

Edinburgh-headquartered Standard Life is expected to choose Dublin as the centre for its European Union operations after the UK government completes the two years of Brexit negotiations.

Published : 17, May 2017
Ex-deVere regional manager joins Carrick Wealth: PEOPLE MOVES

Ex-deVere regional manager joins Carrick Wealth:...Lock icon

A former deVere regional manager for Africa is to join Carrick Wealth as group business development manager. Generali has appointed a country manager for France, with StanChart Private Bank adding a director of its wealth intermediaries team.

Published : 16, May 2017
SMP Partners buys Royal Bank of Canada offices in Caribbean

SMP Partners buys Royal Bank of Canada offices...

Isle of Man headquartered SMP Partners Group has acquired offices in the Cayman Islands and Barbados following completion of its purchase of Royal Bank of Canada’s trust, fund administration and custodian business in the Caribbean.

Published : 15, May 2017
Ex-deVere South Africa manager wins court payout

Ex-deVere South Africa manager wins court payout...Lock icon

A sacked area manager of deVere Investments South Africa who faced off against group chief executive Nigel Green in court has been awarded a ZAR3.7m (£217,380, $276,020, €252,420) payout.

Published : 15, May 2017
PEOPLE MOVES: Brewin Dolphin, 1825, Julius Baer International

PEOPLE MOVES: Brewin Dolphin, 1825, Julius Baer...Lock icon

Brewin Dolphin has named its new chief operating officer, while Standard Life’s 1825 has poached a regional managing director from St James’s Place. Julius Baer International has appointed a head of compliance for the UK and Ireland.

Published : 12, May 2017
Generali sets out fresh plans for asset management expansion

Generali sets out fresh plans for asset management...

Generali unveiled a fresh push into asset management and said it will bolster its fee-based business, after reporting a 9% fall in first-quarter profits on Thursday.

Published : 11, May 2017
NAB sells Asian wealth units to Singapore’s OCBC

NAB sells Asian wealth units to Singapore’s OCBC...

The National Australia Bank has announced the sale of its private wealth business in Singapore and Hong Kong to Singapore’s OCBC.

Published : 11, May 2017
Brooks Macdonald inks key DFM deal with Hansard International

Brooks Macdonald inks key DFM deal with Hansard...Lock icon

Brooks Macdonald’s international division has linked up with Hansard International to offer advisers the opportunity to access the Jersey-based wealth and asset manager’s full discretionary fund management offering.

Published : 10, May 2017
 Aviva to reduce Spanish presence with €475m life unit sale

Aviva to reduce Spanish presence with €475m life...

Aviva will sell interests in two bancassurance agreements and a life business to Santalucia, raising €475m (£403m, $517m), as the UK insurer looks to wind down its operations in Spain.

Published : 10, May 2017

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