South Africa’s Sanlam Life buys Barclays-owned consulting arm

South Africa’s Sanlam Life buys Barclays-owned...

South Africa-headquartered Sanlam Life Insurance has agreed to buy Barclays Bank owned subsidiary Absa Consultants and Actuaries (ACA) for R285m (£16.1m, $21.4m).

Published : 16, Oct 2017
Noah aims to be China's global private bank

Noah aims to be China's global private bank

Developing a global family office unit and offering discretionary mandates are part of Shanghai-based Noah’s strategy to become a global Chinese wealth manager, according to William Ma, co-chief investment officer in Hong Kong.

Published : 12, Oct 2017
Guernsey wealth manager swoops on $1.7bn in US assets

Guernsey wealth manager swoops on $1.7bn in US...

Guernsey-based European Wealth, an integrated wealth management group, is to acquire a US broker network with US$1.7bn (€1.44bn,£1.29bn) assets under management and re-brand itself.

Published : 11, Oct 2017
Praxis buys Netherlands trust business

Praxis buys Netherlands trust business

PraxisIFM, the Channel Islands-based trust, funds and corporate services firm, has bought the Netherlands’ Kompas International for an undisclosed sum, adding to an already extensive global footprint.

Published : 11, Oct 2017
Record Q3 inflows at Praemium says reinstated CEO Ohanessian

Record Q3 inflows at Praemium says reinstated...

Investment platform Praemium has posted third quarter inflows of just under £100m for its international business, making the period its third best three months for non-domestic markets.

Published : 10, Oct 2017
Oxford Risk partners consultancy to evolve risk tools

Oxford Risk partners consultancy to evolve risk...

Oxford Risk and behavioural finance consultancy Centapse have entered into a partnership to develop new risk profiling tools in a bid to become "the essential reference point for financial advisers".

Published : 10, Oct 2017
Equiom enters Monaco yacht services market with double acquisition

Equiom enters Monaco yacht services market with...

Professional services company Equiom has completed two “key” European acquisitions - including a yacht and aviation services specialist.

Published : 9, Oct 2017
RBC Wealth axes 3% of jobs in Channel Islands and UK

RBC Wealth axes 3% of jobs in Channel Islands...

RBC Wealth Management is making redundant around 3% of its 1,200-strong staff from offices based in Jersey, Guernsey, London and Edinburgh.

Published : 9, Oct 2017
Int'l consultancy for advisers raises £125m in listing

Int'l consultancy for advisers raises £125m in...

Alpha Financial Markets Consulting has raised £125m (€139.5m $163m) for an AIM share placing to grow the next phase of its international work with financial advisers and asset managers.

Published : 6, Oct 2017
Aegon opens Mexican asset manager

Aegon opens Mexican asset manager

Dutch insurer Aegon and its North American subsidiary Transamerica are setting up a Mexican asset management joint venture with the same firm that partnered with Lombard International to launch a life company earlier this year.

Published : 5, Oct 2017
DeVere expands fintech offering with investment app

DeVere expands fintech offering with investment...

Clients will be able to buy structured notes, ETFs and mutual funds via an execution-only investment app launched by deVere Group on Wednesday.

Published : 4, Oct 2017
Non-dom specialist targets int’l growth at LGT Vestra

Non-dom specialist targets int’l growth at LGT...

Wealth manager LGT Vestra has hired Valentina Tacchino from Kleinwort Benson for a new role building and leading an international clients team.

Published : 4, Oct 2017
Globaleye exits Qatar

Globaleye exits Qatar

International financial advisory firm Globaleye has ceased operations in Qatar due to the “ongoing geo-political situation”, the company has told clients.

Published : 4, Oct 2017
Progeny acquires complex client advice specialist

Progeny acquires complex client advice specialist...

Wealth manager and legal adviser Progeny Group has acquired Chestergate Financial Planning.

Published : 4, Oct 2017
Natixis makes Australia acquisition

Natixis makes Australia acquisition

Natixis Global Asset Management will acquire a majority stake in Australia’s Investors Mutual Limited (IML) to take advantage of the domestic retail market and A$2.3trn (£1.4trn, $1.8trn, €1.5trn) superannuation industry.

Published : 4, Oct 2017
PEOPLE MOVES: Tilney, Wren and Sun Life

PEOPLE MOVES: Tilney, Wren and Sun Life

Tilney Group appointed a new chief executive, family office Wren names a director from Sandaire and Sun Life has lost its executive chair to be Canadian ambassador to France.

Published : 3, Oct 2017
Guardian Wealth enters US market

Guardian Wealth enters US market

Guardian Wealth Management has launched its first office in the United States, based in Miami, as part of its global expansion programme.

Holborn Assets in Malaysia push

Holborn Assets in Malaysia push

UAE-based international advice company Holborn Assets has entered the Malaysia market with the acquisition of Kuala Lumpur-based Greenwood Private Wealth Management.

Published : 2, Oct 2017
DeVere Group returns to Portugal

DeVere Group returns to Portugal

After a six-year hiatus, deVere Group is to expand its western Europe network by returning to Portugal with plans to expand its footprint in France.

Published : 2, Oct 2017
Nutmeg losses widen despite surge in customers

Nutmeg losses widen despite surge in customers...

Nutmeg, the online investment manager, saw losses rise to £9.3m ($12.5m, €10.5m) last year despite a surge in customer numbers.

Published : 2, Oct 2017

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