Companies
Bedell opens Luxembourg office, appoints directors
Offshore law firm and independent trust company Bedell has expanded its European presence with the opening of an office in Luxembourg; providing corporate, private equity/real estate, and private wealth administration services.
Montpelier Malaysia suspends two directors, shuts office
Wealth management and financial planning firm Montpelier Malaysia on Friday suspended directors Stuart Williamson and Diane Docherty and closed its Kuala Lumpur office.
Three bidding for Barclays Asia private wealth business
Singapore’s DBS Group and Oversea-Chinese Banking Corp (OCBC), and Swiss-headquartered Julius Baer have reportedly submitted non-binding bids for Barclay’s Asian private wealth business, reports Reuters.
Asset allocator: The risk factor
Franklin Templeton Solutions vice-president Matthias Hoppe drills down on the risks and rewards of asset classes and the importance of diversification.
Sun Life revenue falls, confirms US wealth business closure
Net revenue was down by a quarter at Canada’s third largest insurer by assets, Sun Life Financial, during the fourth quarter and full year of 2015. The company also incurred a C$63m (£31.1m, $45.3m, €40.2m) restructuring cost related to the closure of its US wealth business.