Companies
Convoy goes after ex-directors for stealing HK$4bn
Troubled Hong Kong financial advice firm Convoy Global is suing 28 people for more than HK$4bn, including former chairman Quincy Wong Lee-Man and former director Roy Cho Kwai-chee who is believed to have fled the country.
Convoy to spend HK$300m to win back investors
Convoy Financial Services, the recently raided Hong Kong financial advisory firm that saw multiple senior executives arrested, plans to restore investor confidence by spending big on hiring more advisers and paying a retention bonus.
Standard Life fails to stem £23bn outflows
Standard Life has failed to shake off the plague of severe outflows even after its merger with Aberdeen Asset Management earlier this year its latest results have revealed.
Utmost Wealth and Generali PanEurope to merge
Life Company Consolidation Group (LCCG) is to acquire Generali PanEurope with plans to create a specialist wealth manager by combining it with Utmost Wealth Solutions in a show of “commitment to the international life market”.
UBS man connected to Baer hot seat
Veteran private banker Jürg Zeltner, UBS’s wealth management chief excluding North America, has been touted as Boris Collardi’s successor as chief executive of Julius Baer.