RBC GAM hires Asia boss
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has taken on Ken Tam as head of Asia.
Zurich makes £5.6bn offer for RSA
Zurich Insurance has formally tabled an all cash offer for RSA Insurance valued at £5.6bn ($8.8bn), which the UK-listed firm said it was likely to accept.
United Kingdom | 25 Aug 15
Sesame tops FOS list for most complained about adviser
Advisory network giant Sesame has topped the list again for being the most complained about advice firm in the UK, data from the Financial Ombudsman Service reveals.
Hong Kong ruling risks ‘inconsistencies’ in advice requirements
Hong Kong advisers offering insurance products could face inconsistencies in their overall requirements when a new measure comes into force next year, Old Mutual International’s Mark Christal has warned.
QDII funds face shutdown in China market slide
China-based fund house Manulife Teda will decide on the liquidation of its Qualified Domestic Institutional Investor fund, highlighting the general underperformance of the QDII vehicle.