Middle East | 16 Mar 16
Axa launches new joint venture life company in the UAE
French headquartered insurer Axa has today created a significant new presence in the UAE region after completing on its investment in Green Cresent Insurance.
Emerging Markets | 16 Mar 16
Emerging market debt – a reversal of fortunes
Investors are fleeing from emerging market debt, and optimism for any recovery in the near term is low, particularly for local currency government bonds.
Fitch warns on China’s wealth management products
The sharp increase in wealth management products to $3.6trn raises credit and liquidity risks at Chinese banks, the ratings firm said.
United Kingdom | 16 Mar 16
Ex-Schroders trader pleads guilty to insider dealing
Former Schroders equities trader Damian Clarke has pleaded guilty to nine counts of insider trading and will be sentenced on 13 June.
Eastspring enters French market
Prudential’s Asian investment management arm, Eastspring Investments, has opened up a Luxembourg Ucits Sicav for distribution in France.