Oman Insurance boss Peter Drummond moves LG
Peter Drummond has stepped down from his role as head of Oman Insurance after just 11 months and is to take on a new position as chief executive of Legal & General Gulf.
Retirement | 11 Mar 15
STM pensions arm soars
Multi-jurisdictional financial services provider STM Group saw its pensions division grow by 36% last year which it claims to be driven by 150% growth in its Gibraltar QROPS revenue.
EU agrees rules for long-term investment funds
The European Parliament has agreed legislation to set up European Long-term Investment Funds (ELTIFs) designed to make it easier for pension funds and insurance companies to invest in long-term projects.
Nedbank Private Wealth expands Middle East ops
Nedbank Private Wealth, the offshore private bank majority-owned by South Africa’s Old Mutual, said it has doubled its client base in the Middle East during the past two years and has expanded its support team for its Dubai-based operation.
Asia Pacific ETFs get chunk of global ETF flows
Exchange-traded funds listed in Europe and Asia-Pacific and launched in January collected $526m worth of inflows and accounted for 90% of new assets, according to data from Markit.