Industry
ANZ sells life insurance business to global giant Cigna
ANZ Bank New Zealand has agreed to sell its life insurance business to US-listed health insurance giant Cigna for NZ$700m ($485.4m, €419m, £368m), the second non-core business the group has shed in under a month.
PEOPLE MOVES: Aviva, Hawksford, TPR
In a shock announcement the head of the UK’s pensions regulator resigns, Charles Stanley appoints an investment manager from Quilter Cheviot and Hawksford hires a former police officer.
Investigators poised for STM ‘management responses’
Investigators from Deloitte looking into compliance at STM subsidiaries in Gibraltar will finalise their report “on receipt of the respective management responses from the various Gibraltar businesses”, the financial services firm said.
Hong Kong wealth manager eyes Singapore expansion
US-listed Noah Holdings is exploring a Singapore wealth management office and has reported a 24% increase in overall profit for the first quarter.
Ex-C Hoare and First Names trio to enhance index service
The former heads of C. Hoare & Co Wealth Management, James Hoare and Annamaria Koerling, together with Andrew de la Haye, deputy managing director of First Names Group, have acquired a majority stake in Enhance MPI Ltd.