Companies
Bank of Singapore buys Barclays wealth unit for 30% less
Bank of Singapore (BoS), a subsidiary of one of Singapore’s largest banks, has completed the acquisition of the wealth and investment management business of Barclays in Singapore and Hong Kong.
Aberdeen’s profit slides as net outflows continue
Aberdeen Asset Management has reported £32.8bn ($40.9bn, €38.6bn) in net outflows for the year to 30 September 2016 after negative economic and political news “weighed on investor sentiment”, according to chief executive Martin Gilbert.
Nine insurers identified as globally systemically important
The Financial Stability Board has named Aegon, Aviva, and Axa among nine global insurance firms identified as systemically important financial institutions (SIFI).
Maseco Wealth targets ‘gaping hole’ for US citizens in Asia
UK-based Maseco Wealth, the specialist wealth manager for US expat clients, is to target Asia with the launch of an independently owned business in Hong Kong.
Mike Webb on reviving Rathbones’ unit trust business post-Brexit
Mike Webb talks about his mission to revitalise Rathbones’ unit trust business and the impact of the UK’s decision to leave the European Union