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Serious Fraud Office to investigate Timothy Schools and Axiom

From Products Aug 29 2014 @ 17:16

Timothy Schools, the former manager of the failed legal financing fund Axiom, is being...
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FCA fines and bans broker over 'dishonest' UCIS sales

From United Kingdom Aug 29 2014 @ 11:18

The Financial Conduct Authority has fined and banned an IFA for life after he was found to have...
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IFS’s Beggs takes role with Henley Group

From Asia Feb 25 2013 BY: Helen Burggraf , Contributing Editor , International Adviser

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Kelso Beggs, for many years the chief operations officer of International Financial Services in Singapore, has taken a role with the Singapore-based Henley Group, as it undergoes a major strategic review of its Singapore business.

Beggs, who is originally from the Isle of Man, had been with IFS since 2005, and his career in financial services dates back more than 15 years. Previous roles included around five years with Zurich International Life on the Isle of Man.

No one is being named to succeed Beggs at IFS, according to chief executive Tim Kiln, who said Beggs's duties will be assumed by him and other senior managers at the firm, which, like the Henley Group, is among Singapore’s best-known ex-pat focused advisory firms.

In addition to Singapore, IFS also has offices in Hong Kong and Qatar, and is one of just four firms thus far licenced to advise clients in Qatar.

Response to FAIR

According to a Henley Group spokesman, Beggs will be involved in carrying out the review and revamping of the company's business model – which, as reported in November, the Henley Group brought forward, and modified, after the Singaporean regulator announced a major review of its financial services industry last March.

At the time, Henley Group managing director Antony Michell told International Adviser: "It was evident to us that [the Financial Advisory Industry Review] represents a tremendous opportunity for quality IFAs to develop their overall client value proposition."

Henley Group has been looking after expatriate investors in Asia for 22 years, and currently has offices in Hong Kong, Singapore and Shanghai. Counting all three of its offices, it employs more than 50 advisers, and has assets under advice of close to $1bn.    

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