resolution in discussions on possible sale
Resolution Ltd has confirmed that its Friends Life subsidiary is “in discussions on the possible sale of its 30% stake in AmLife Insurance Berhad and AmFamily Takaful Berhad” back to its partner in the joint venture arrangement, Kuala Lumpur-based AmBank Group.
Middle East | 1 Nov 12
standard chartered moves into shariah space
Standard Chartered is expanding its Shariah banking operations in the United Arab Emirates and Bahrain, just a few weeks after HSBC announced it would be pulling out of the region.
liontrust launches offshore special sits
Liontrust is launching an offshore version of Anthony Cross and Julian Fosh’s flagship special situations fund, seven years after the original vehicle was unveiled.
United Kingdom | 1 Nov 12
deposits hit 5bn as ioms nationwide intl
Staff and management of the Isle of Man’s Nationwide Building Society subsidiary are celebrating after the deposit-taker’s balances hit £5bn, for the first time ever.
uti takes on hsbc with india fixed income fund
UTI Asset Management, India’s oldest and one of its largest fund managers, is launching a Dublin-domiciled, Ucits-compliant, US dollar-denominated bond fund that is designed to enable foreign investors to easily access India’s notoriously inhospitable fixed income market.