Middle East | 27 Jul 17
DIFC’s Chris Divito to head up FPI in the Middle East
Chris Divito, the former head of Standard Life in the Middle East and currently working at the DIFC, is to take over from Marcus Gent as managing director of Friends Provident International in Dubai.
Hansard grows despite dip in Middle East & Africa activity
Specialist long-term savings provider Hansard Global has continued to grow on a year-on-year basis despite a halt in new business expansion from the Middle East and Africa region in the fourth quarter.
US equities soar on Fed’s dovish sentiment
The US equity market hit new highs, but bond yields are expected to fall after the US Federal Reserve voted to keep rates on hold at its latest meeting.
SJP’s adviser ranks grow as funds under management hit £83bn
Adviser numbers continue to rise at St James’s Place, as funds under management hit £83bn ($108.3bn, €92.9bn) and it revealed plans to launch a growth fund in another sign that it will take more than negative headlines to dent the firm’s market share.
Middle East | 27 Jul 17
No more extensions to Saudi expat amnesty
Undocumented expats in Saudi Arabia hoping for another amnesty to allow them to leave the Kingdom without prosecution are set for disappointment after it was confirmed that there will be no further extensions.