Companies
Swiss regulator keeps up pressure on UBS in 1MDB investigation
Switzerland’s financial regulator is continuing its money laundering investigation into UBS Group and three other private banks in relation to Malaysian sovereign wealth fund 1MDB.
PEOPLE MOVES: Zedra, Manulife, Quaero Capital
Zedra has added a head of business development and an associate director to its Jersey roster, while Manulife has made a staggering 17 promotions in Hong Kong. Swiss asset manager Quaero has a new group chief operating officer.
Advisory firm PWS shuts Qatar office, to expand in Barcelona
Middle East advisory firm Prestige Wealth Solutions (PWS) has decided to close its Qatar office following the completion of its annual strategic business review.
PEOPLE MOVES: AMP, Aviva, Sun Life Financial
Australian insurer AMP has completely overhauled its advice business and announced a raft of senior changes, while Aviva Asia and Sun Life Financial both made a series of executive appointments this week.
PEOPLE MOVES: Jersey, Lombard Int’l, Stanhope Capital
The States of Jersey has named a chief officer of its financial services team, while Lombard International Assurance has created a general counsel role for its European operations. Stanhope Capital has secured a former Mexican finance minister for its board.