Europe | 3 Sep 13

STM Group posted an after-tax profit of £456,000 in the six months to the end of June compared with a loss of £21,000 during the same period a year earlier, as its pensions division continued to attract new business.

Middle East | 3 Sep 13

HSBC, one of the Gulf's largest international banks, is to stop offering wealth management products in Bahrain, Jordan and Lebanon, as it continues to shed its less profitable operations globally, following a strategic review.

United Kingdom | 3 Sep 13

Aberdeen Asset Management has been stung by a £7.2m fine from the UK's Financial Conduct Authority due to breaches of client money rules.

Products | 2 Sep 13

Investors in Europe are flocking back to long-term funds while high yield bond funds are also picking up again, after suffering huge redemptions in June, according to investment researcher Morningstar’s latest European asset flow data.

Middle East | 2 Sep 13

The planned introduction of a fee regime for fund distributors in the UAE has been met with quiet dissent by some in the asset management industry.