Amundi launches pan European multi smart beta ETF
Amundi ETF has extended its smart beta range with the launch of a multi smart beta ETF which offers investors exposure to European equities.
Middle East | 28 Jan 16
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J. Safra Sarasin and its authorised subsidiary, Bank Sarasin-Alpen (ME) Ltd which has now ceased operations, is nearing a conclusion following a new DIFC court ruling.
Anglo American shares rocket; Lloyds share sale axed
Anglo American saw its shares rocket 15% on news it has decided to cut around 4000 jobs and increased iron ore production.
Deutsche AWM posts growth as bank struggles
Despite recording its first net asset outflow for seven quarters, Deutsche Asset and Wealth Management (AWM) outperformed the rest of the group; achieving net revenue growth of 14.2% in the fourth quarter, against a decrease of 15.2% for Deutsche Bank Group over the same period.
People Moves | 28 Jan 16
PEOPLE MOVES: Julius Baer, Legal & General, Emirates NBD…
Swiss private bank Julius Baer named its new chief executive for the UK and Ireland, while Legal & General promoted from within to fill its Cofunds chairman role. Emirates NBD appointed a new wealth management chief investment officer, Vestra Wealth added to its private office, and SBG appointed a new head of lender relationships.