Industry
PEOPLE MOVES: HSBC, Fidelity and Momentum
HSBC appoints a Hong-Kong based global head of private wealth solutions, Fidelity creates a head of stewardship and sustainability role, while Momentum Pensions has named a head of business development for the Middle East and Asia.
Vultures already circling Carillion DB pensions
Just a day after Carillion entered liquidation, the Pensions and Lifetime Savings Association has warned that it has already seen signs that scammers are looking to exploit defined benefit (DB) scheme members.
Globaleye exits Hong Kong, sells out to Holborn
Holborn Assets has acquired Globaleye Hong Kong, in a move that sees the Dubai-headquartered advice firm exit the special administrative region.
How investors were fooled by the Carillion mirage
Carillion’s investment story, like other firms before it, ultimately evolved into something that sounded too good to be true. Its collapse on Monday raises many questions, namely, at the stage it was in before entering liquidation, who would have even wanted to own it?
Eight jurisdictions to be dropped from EU tax haven blacklist
The European Union’s finance minister is expected to remove almost half of the jurisdictions, including Panama and the UAE, from the tax haven blacklist next week, in a move that critics may see as a watering down of its tax avoidance campaign.