People Moves | 27 Oct 16
PEOPLE MOVES: WHIreland, KBI Global Investors, Miton
WHIreland hires a new wealth planner for its north of England division as KBI names a new senior VP of business development. Miton poaches British Steel’s pension fund manager while a former Punter Southall employees returns to the firm.
Australian banks fined $136m over advice failures
Australia’s financial services regulator has told the country’s ‘Big Four’ and leading wealth manager AMP to repay at least A$178m (£111m, €125m, $136m) to more than 200,000 customers after charging them for financial advice they did not receive.
Farringdon to launch Shariah-compliant robo-adviser in Asia
The Malaysian-based wealth management firm, Farringdon Group, said it plans to launch Asia’s fist Shariah-compliant robo-adviser in December.
China – the source of fintech disruption?
Disruption of the funds management industry through the application of financial technology (fintech) is likely to come from mainland China, according to ICI Global, the international arm of the Investment Company Institute.
Why advisers are shutting up shop in Dubai’s free zone
Rising rents in the Dubai International Finance Centre (DIFC) and the cost of regulatory compliance maybe to blame for the sudden spate of departures from the free zone by three financial service providers.
