Companies
Old Mutual Int’l targets Hong Kong’s domestic advisers
Old Mutual International has appointed Friends Provident International’s Ivy Lee as head of business development to boost the firm’s support for the domestic adviser channel and reach in the domestic adviser market.
HSBC sees profits slide after shedding Brazil business
HSBC reported an 86% decline in Q3 profits having sold its Brazilian business, changed its credit spread, and faced a strengthening US dollar.
Royal London AM reports jump in managed assets
UK investment house Royal London Asset Management (RLAM) has announced that total funds under management by the group has exceeded £100bn for the first time.
Jersey’s JTC granted South Dakota trust licence
Jersey-headquartered JTC has been granted a trust licence in South Dakota allowing the company to offer an enhanced range of trust services to its private and corporate clients with US elements to their planning needs.
Schroders’ net inflows drop sharply, as weak pound lifts AUM
Sterling weakness lifted Schroders’ assets under management by close to 30% during the first nine months of the year in the face of a 67% drop in net inflows.