Companies
Man Group closes Dubai office, to serve Middle East from UK
Man Group, the world’s biggest listed hedge fund, plans to close its office in the Dubai International Financial Centre and service its Middle East clients from London.
Forth Capital’s Tracy on why it was time to leave Dubai
Forth Capital founder and chief executive Tom Tracy explains the firm’s departure from Dubai and its plans to pivot towards its most profitable and new markets.
LGT Vestra partners with Feifa
UK and Jersey-based wealth management firm, LGT Vestra, has become a partner of the Federation of European Independent Financial Advisers (Feifa).
PEOPLE MOVES: Lombard Int’l, Copia, Fortnum
Lombard International Assurance has bolstered its Latin America focus with the appointment of a regional head. Copia Capital Management named a series of appointments as it builds up its team, while Fortnum Financial Advisers has lured its new managing director from ANZ.
Investec profits rise in wealth and fund management arms
Investec Wealth & Investment (IW&I) reported a 14.1% rise in operating profit for the six months to 30 September, with assets under management (AUM) reaching £51.3bn ($63.9bn, €59.6bn).