People Moves | 4 Dec 12
nikko am appoints international cio
Nikko Asset Management has appointed Yu-Ming Wang to the newly created role of international chief investment officer and promoted Hiroki Tsujimura to CIO of Japan.
Middle East | 4 Dec 12
advisers say uae change to 100 ownership
Financial advisers specialising in catering for expatriates in the United Arab Emirates say they would welcome a change to laws that currently prevent them from owning more than 49% of the companies they set up and operate there but are not holding their breath.
renaissance offers high yield gem
Renaissance Asset Managers has launched a GEM fund with a high yield mandate for income-hungry investors and designed to be competitive with local equity and global bond markets.
hk based intermediary fined 1 6m over lehman
The Hong Kong branch of a Taiwanese intermediary company has been fined US$1.6m (S$2m, 1.3m) over the sale of Lehman Brothers-backed structured products in 2008.
tideway launches managed account service
Tideway Investment Partners, a London-based specialist global macro and fixed income investment analyst and fund manager, has launched a Jersey-based managed account service aimed at investors looking to investment £1m or more to protect their capital while earning above-inflation returns.