Companies
FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw
Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.
Ocorian expands fund services reach with Lux acquisition
Financial services provider Ocorian has agreed to buy MAS International, an independent fund administration company operating primarily in Luxembourg and Mauritius.
PEOPLE MOVES: Fidelity, Jersey Finance, Invesco Perpetual
Fidelity International has poached its new multi-asset co-portfolio manager from Henderson and Jersey Finance has a new business development director for funds. Meanwhile, Neptune’s Douglas Turnbull is set to join Invesco Perpetual.
DeVere’s Nigel Green criticises high fees—charged by banks
Nigel Green, founder and chief executive of the deVere Group, has hit out at the “unacceptably high” charges banks slap on customers when they use their debit cards overseas.
PEOPLE MOVES: Vanguard, Aberdeen, AJ Bell
Vanguard has identified its new chief executive, while Aberdeen Asset Management has appointed a head of Luxembourg and named two heavy-hitting independent non-executive directors to the board of Aberdeen Life. AJ Bell has a new technical director.