Companies
Cash pours into ETFs in Q1, Europe inflows gather pace
New money poured into the world’s exchange traded funds and products (ETFs/ETPs) during the first quarter of 2015 with Europe’s share gathering pace as the European Central Bank started its quantitative easing programme.
FCA fines Merrill Lynch Int’l record £13m over transaction reporting failings
The UK’s Financial Conduct Authority has fined Merrill Lynch International more than £13m for transaction reporting failures, the highest penalty of its kind ever recorded.
Investec Wealth & Investment launches private office
Investec Wealth & Investment, a leading UK private client investment manager, has launched a new unit called Private Office to service high net worth individuals, business owners, entrepreneurs and investors with a net worth of at least £10m.
Julius Baer appoints market head to expand India business
Julius Baer has appointed Parminder Soin as market head Indian subcontinent and non-resident Indians (NRI), as the private bank seeks to expand its business from the NRI clients.
London & Colonial launch flexible SIPP product
Independent financial services group London & Colonial has launched a new flexible SIPP which gives savers greater choice of investments and more drawdown options.