Companies
Ashmore optimistic despite AUM slide
Emerging markets specialist fund manager Ashmore has reported a $6.3bn (£4.7bn, €5.6bn) fall in assets under management and an 18% decline in net revenues.
Hinduja bank reaffirms Swiss commitment, plans investment
Geneva-headquartered Hinduja Bank, part of India’s giant Hinduja Group, said it plans to grow and strengthen its operations in Switzerland.
Best Practice | 2 Sep 16
Easier for UK advice firms to get corporate chartered status
UK financial advice firms applying for corporate chartered financial planner status from the Chartered Insurance Institute (CII) can face an easier time than their overseas counterparts.
US bankruptcy court hears of Providence problems
A US bankruptcy court hearing into Providence Financial Investments, the Miami-based parent of Providence Global which was wound up in Guernsey last month, was told by the firm’s chief restructuring officer, who examined the books, that “nothing in this company is working”.
Amundi completes acquisition of KBI
Amundi has completed its purchase of an 87.5% stake in Kleinwort Benson Investors (KBI) with the company’s management team acquiring the remaining 12.5%.