Hong Kong SFC fines Phillips Securities over fund mis-selling
The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Phillip Securities (HK) Ltd $1 million for failings in selling a fund to four clients who lost their investment.
United Kingdom | 16 Jun 15
Amundi appoints deputy CIO
Effective as of 15 June, Mortier will support CIO Pascal Blanqué in maintaining Amundi’s existing investment strategy, as well as taking up a seat on the firm’s executive committee.
United Kingdom | 16 Jun 15
Intrinsic drops four providers in protection panel review
Four providers have been removed from the list of companies offering protection products to Intrinsic’s restricted advisers.
Tax & Regulation | 16 Jun 15
FCA fines rise sharply in 2014 to over £1.47bn
Britain’s Financial Conduct Authority (FCA) penalised firms a total of £1.47bn ($2.3bn) in 2014, though the number of fines fell pushing the severity of the penalties up sharply, according to the 2015 Global Enforcement Review published by Kinetic Partners.
FPI appoints two new bosses after Van Der Wielen departure
Life insurance giant, Friends Provident International, has named its new chief executive and chairman who will succeed John Van Der Wielen when he leaves the firm at the end of this month.