Companies
PEOPLE MOVES: Vanguard, Emirates NBD, VAM Funds
Vanguard has created a new head of European distribution (ex-UK) role, while Middle East bank Emirates NBD has lost its chief investment officer for the second time. VAM Funds has hired an ex-Zurich heavy hitter to make a Middle East push.
Australian Link Group buys UK, Europe and Dubai-focused Capita
Australia-headquartered financial services provider Link Group is to acquire internationally focused Capita Asset Services for £888m ($1.1bn, €1bn).
IFAs Bellpenny and Ascot Lloyd in mega merger
Bellpenny and Ascot Lloyd have completed a merger that will create a financial planning company with £6bn ($7.8bn, €6.8bn) of funds under management.
IoM advisory group opens office in the DIFC
Boston Multi Family Office (BMFO), an Isle of Man-based advisory firm with offices in Malta, has opened of an office in the Dubai International Financial Centre (DIFC).
PEOPLE MOVES: Old Mutual director runs for Zimbabwe presidency
An Old Mutual director is to run for president of Zimbabwe, while Old Mutual Asset Management and Axa Asia are both losing their chief executives. Deutsche Bank Wealth Management has appointed a former Coutts & Co chief executive to head up its UK business.