Companies
Swiss regulator fines Coutts $6.6m for role in 1MDB scandal
Switzerland’s financial regulator has fined Coutts & Co, which counts the Queen among its clients, for violating money-laundering rules and illegally profiting from transactions associated with 1Malaysia Development Bhd (1MDB).
Old Mutual International appoints Singapore chief executive
Old Mutual International (OMI) has promoted Ian Kloss to chief executive of Singapore, replacing Steve Hickman who has decided to pursue opportunities outside the group.
PEOPLE MOVES: LGIM, Brewin Dolphin, US SEC
Legal & General Investment Management has created a new head of personal investing for its UK direct business, while Brewin Dolphin’s chief operating officer is to depart. The exodus continues from the US Securities and Exchange Commission.
Australian banks to begin sharing information on ‘bad advisers’
Australia’s major banks have announced plans to name and share information about financial advisers with a poor record of conduct to help prevent them moving around the industry.
SJP to launch Rowan Dartington in Asia by end of June
St James’s Place is set to roll out services from discretionary fund manager Rowan Dartington across its Asian operations during the first half of this year, according to Mike Gravestock, international partnership director.