Companies
Adviser network Nexus Global expands to Latin America
European IFA network Nexus Global (NXG) has expanded to Latin America with the addition of EBG International, a Chile-based advice firm that focuses on the financial planning needs of international executives across the region.
Ombudsman orders deVere UK to compensate client
The UK’s financial ombudsman has upheld a complaint against deVere and Partners (UK), in part, after a client accused the international advice firm of “passing the buck”, not providing sufficient advice and making poor investment choices.
Swiss-Hong Kong fund recognition scheme garners interest
The planned Switzerland-Hong Kong mutual fund recognition scheme has already begun to attract interest from Asian fund managers interested in the lucrative Swiss market.
Best Practice | 21 Feb 17
Life is tougher for advisers as regulations bite
Financial advisers in the UK, Australia, Hong Kong, Canada and the US have reported that working in the industry is getting harder mainly due to regulatory changes, and they expect to see a shake-out in the next three to five years, according to a survey by Vanguard.
PEOPLE MOVES: Axa, HSBC, JP Morgan
Axa Life Insurance has lost its head of international brokers in Singapore, while the private banking arms of HSBC and JP Morgan have named regional heads of various European countries.