Industry
Is the FCA barking up the wrong tree over platforms?
The Financial Conduct Authority wants to use the platform review to drive more competition in the asset management sector, but experts are asking whether it is looking in the wrong place.
Ex-Credit Suisse banker guilty in US offshore tax case
A former Credit Suisse banker who helped wealthy Americans dodge millions of dollars in income taxes for nearly a decade has pleaded guilty.
IoM’s collapsed Louis Group gets second director ban
A second Isle of Man director of South Africa-headquartered Louis Group, which saw 700 investors lose at least £60m ($78m, €67.4m), has been disqualified as a director.
People Moves | 21 Jul 17
PEOPLE MOVES: BNP Paribas AM, Neuberger Berman, Hawksford
BNP Paribas Asset Management has hired a new head of client sales for its marketing division and Neuberger Berman has a new Chinese equities portfolio manager. Meanwhile, Minerva Trust’s Wendy Inns is set to rejoin Hawksford after two years away from the company.
Europe’s fund industry facing dispersal as Brexit looms
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.