axa to buy 51 of colpatrias insurance biz
Axa, the Paris-based global insurance giant, has agreed to buy a 51% stake in the Colombian insurance operations of Grupo Mercantil Colpatria, as it looks to enter that South American market.
kpmg swiss banks need 8bn aum
Swiss private banks will need to double their assets under management if they are to survive in a climate of consolidation, smaller margins and growing regulatory requirements, according to a recent KPMG study of Swiss banks.
United Kingdom | 11 Nov 13
rathbones scores key win in jersey
Rathbone Brothers is deciding whether to lodge an appeal against "certain aspects” of a judgment that mostly found in its favour, in a legal battle involving a Jersey entity it sold in 2008.
Profiles & Comment | 8 Nov 13
shifting sands
The days of the all-expenses-paid expat lifestyle are gone, and shorter stints abroad have also become the norm. This has necessitated a shift in thinking for expatriates' wealth planners, Coutts's Gary Dugan points out.
devere announces acquisitions of two asia managers
The deVere Group said today that it had acquired the Shanghai-based Elite Investment Group as well as the Hong Kong-based wealth management and IFA platform arm of the Precision Group Asia.