Middle East | 3 May 16
Abu Dhabi signs MoU with Chinese bank regulator
The regulatory body of the Abu Dhabi Global Market (ADGM) signed an MoU with the China Banking Regulatory Commission (CBRC) on 28 April 2016, its first such agreement with an Asian regulator.
Macro Views | 3 May 16
UK manufacturing contracts as “deep unease” takes hold
Manufacturing activity in the United Kingdom has contracted for the first time in three years, according to data from Markit.
Retirement | 3 May 16
Australia makes large scale pension reforms on par with UK
The Australian government has announced wide-ranging pension reforms that are already being likened in scale to UK chancellor George Osborne’s radical pension freedom changes.
Aviva’s closed offshore unit to be sold to consolidator LCCG
M&A firm Life Company Consolidation Group (LCCG) has agreed to buy Aviva Life International.
People Moves | 3 May 16
PEOPLE MOVES: Aviva Investors, Brooks Macdonald, Old Mutual
Aviva Investors has bolstered its global equities team, with Brooks Macdonald luring its new investment director from Quilter Cheviot. Old Mutual Wealth has made two significant UK regional appointments, while Deutsche Bank’s Americas chief executive has announced his departure.