PEOPLE MOVES: Lombard Odier, J O Hambro, PPF

PEOPLE MOVES: Lombard Odier, J O Hambro, PPFLock icon

Lombard Odier’s global chief investment officer has announced his retirement, while J O Hambro has hired two sales managers. Meanwhile, the boss of the Pension Protection Fund is to leave after nine years at the helm of the UK’s pensions lifeboat.

Published : 25, Jul 2017
Hong Kong’s Mason plans acquisitions for wealth unit launch

Hong Kong’s Mason plans acquisitions for wealth...

Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn (£2.3bn, €2.5bn) in assets from the ground up through a series of acquisitions.

Published : 25, Jul 2017
St James’s Place fails on disclosure says UK consumer watchdog

St James’s Place fails on disclosure says UK consumer...Lock icon

Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.

Ex-Credit Suisse banker guilty in US offshore tax case

Ex-Credit Suisse banker guilty in US offshore...

A former Credit Suisse banker who helped wealthy Americans dodge millions of dollars in income taxes for nearly a decade has pleaded guilty.

Published : 21, Jul 2017
IoM’s collapsed Louis Group gets second director ban

IoM’s collapsed Louis Group gets second director...Lock icon

A second Isle of Man director of South Africa-headquartered Louis Group, which saw 700 investors lose at least £60m ($78m, €67.4m), has been disqualified as a director.

Published : 21, Jul 2017
Europe’s fund industry facing dispersal as Brexit looms

Europe’s fund industry facing dispersal as Brexit...

Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.

Published : 21, Jul 2017
UK platform inquiry a ‘red herring’ says Novia CEO Vasilieff

UK platform inquiry a ‘red herring’ says Novia...Lock icon

The Financial Conduct Authority's (FCA) inquiry into online platforms risks focusing on the wrong issues and could fail to yield a good result for clients, according to industry expert and Novia chief executive Bill Vasilieff.

Published : 21, Jul 2017
Generali disposes of insurance arms in two LatAm countries

Generali disposes of insurance arms in two LatAm...

Generali is selling its businesses in two Latin American countries as part of its plan to exit weaker markets to slash costs and boost profits.

Published : 20, Jul 2017
Exclusive: Praemium back on track as CEO outlines strategy

Exclusive: Praemium back on track as CEO outlines...Lock icon

Following his shock dismissal as Praemium chief executive, Michael Ohanessian launched a successful fightback that saw him not only win back his job but also oust the board that sacked him. Here he talks exclusively to International Adviser about what happened and his plans for the future.

Published : 20, Jul 2017
Failed New Earth investors told to go after third parties

Failed New Earth investors told to go after third...

Investors in wound up New Earth funds have been left to pursue third party claims as a measure of last resort to try to recuperate all or part of their investment, the funds' liquidators are suggesting.

Published : 20, Jul 2017
Credit Suisse in Saudi Arabia private banking push

Credit Suisse in Saudi Arabia private banking...

Credit Suisse has identified Saudi Arabia as a priority for its wealth management business and is on the hunt to recruit more private bankers.

Published : 20, Jul 2017
US giant enters Indonesian life insurance market

US giant enters Indonesian life insurance market...

US-headquartered Prudential Financial has entered the Indonesian life insurance market in a joint venture with a unit of local group CT Corp in Jakarta, the companies said in a statement.

Published : 19, Jul 2017
FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw

FPI acquisition by RL360° a ‘game changer’ says...Lock icon

Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.

Published : 19, Jul 2017
Ocorian expands fund services reach with Lux acquisition

Ocorian expands fund services reach with Lux acquisition...

Financial services provider Ocorian has agreed to buy MAS International, an independent fund administration company operating primarily in Luxembourg and Mauritius.

Published : 18, Jul 2017
PEOPLE MOVES: Fidelity, Jersey Finance, Invesco Perpetual

PEOPLE MOVES: Fidelity, Jersey Finance, Invesco...Lock icon

Fidelity International has poached its new multi-asset co-portfolio manager from Henderson and Jersey Finance has a new business development director for funds. Meanwhile, Neptune’s Douglas Turnbull is set to join Invesco Perpetual.

Published : 18, Jul 2017
DeVere’s Nigel Green criticises high fees—charged by banks

DeVere’s Nigel Green criticises high fees—charged...

Nigel Green, founder and chief executive of the deVere Group, has hit out at the “unacceptably high” charges banks slap on customers when they use their debit cards overseas.

Published : 18, Jul 2017
PEOPLE MOVES: Vanguard, Aberdeen, AJ Bell

PEOPLE MOVES: Vanguard, Aberdeen, AJ BellLock icon

Vanguard has identified its new chief executive, while Aberdeen Asset Management has appointed a head of Luxembourg and named two heavy-hitting independent non-executive directors to the board of Aberdeen Life. AJ Bell has a new technical director.

Published : 14, Jul 2017
UBS AM granted private fund license in China

UBS AM granted private fund license in China

Swiss bank UBS has announced that its Chinese asset management arm has been granted a license to manage money for institutions and wealthy investors onshore in China.

Published : 14, Jul 2017
Prudential enters Nigeria with landmark acquisition

Prudential enters Nigeria with landmark acquisition...

UK insurer Prudential is set to "redefine" the Nigerian life insurance industry after acquiring a majority stake in Zenith Life and forming exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.

Published : 13, Jul 2017
Brewin Dolphin launches financial adviser apprenticeship scheme

Brewin Dolphin launches financial adviser apprenticeship...

Wealth manager Brewin Dolphin has launched a financial planning apprenticeship scheme aimed at attracting new recruits into the profession.

Published : 13, Jul 2017

Sponsored Content

Five common mistakes UK expats make about domicile and tax
Five common mistakes...Lock icon

British expats still have some crucial misunderstandings...

St James’s Place fails on disclosure says UK consumer watchdog
St James’s Place fails...Lock icon

Financial advisers from St James’s Place are failing...

S Africa to scrap tax exemption for expats, overseas workers
S Africa to scrap tax...

South Africans living and working in no and low tax...

UK platform inquiry a ‘red herring’ says Novia CEO Vasilieff
UK platform inquiry a...Lock icon

The Financial Conduct Authority's (FCA) inquiry into...

IoM’s collapsed Louis Group gets second director ban
IoM’s collapsed Louis...Lock icon

A second Isle of Man director of South Africa-headquartered...

OTHER STORIES FROM LAST WORD...