Industry
PEOPLE MOVES: Holborn hires CCO as part of big expansion
Holborn Assets is planning to expand across the Middle East and Asia over the next 12 months, while Schroders has created a new sales director role for the Middle East. A Manulife insurance salesperson in Hong Kong has been added to the Guinness Book of World Records for his astonishingly long career.
Licensed companies in Dubai’s financial centre up 6.2% in 1H17
The Dubai International Financial Centre (DIFC) has reported a 6.2% growth in the number of active licensed companies to 1,750 during the first six months of 2017.
Middle East | 3 Aug 17
Abu Dhabi and Kenya forge deal on African fintech
Abu Dhabi Global Market (ADGM) has signed a cooperation agreement with Kenya’s Capital Markets Authority (CMA) for the joint development of projects and initiatives in the fintech field.
Tax & Regulation | 3 Aug 17
Big UK insurers not offering financial advice tax break
Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
Invesco rumoured to be in talks to buy US ETF provider
US-based investment manager Invesco is in talks to buy the asset management business of Guggenheim Partners, according to media reports.