Industry
Prudential Asia CEO stepping down, replacement confirmed
Tony Wilkey is to step down as chief executive of Prudential Corporation Asia. His replacement has been named as Prudential’s group chief financial officer Nic Nicandrou, who will subsequently be replaced by Deloitte UK’s Mark FitzPatrick.
Adviser and his wife convicted of £1.7m property fraud
A “heartless” adviser and his wife have been found guilty of swindling people out of £1.7m (€1.9m, $2.1m) after the longest trial in UK criminal history.
South Africa’s Sanlam increases stake in Moroccan insurer
South Africa’s financial services group Sanlam and leading insurer Santam have increased their stake in Morocco’s SAHAM Finances for $329m (£254m, €298m).
People Moves | 17 May 17
Utmost Wealth’s Simon Willoughby in shock departure
Senior industry figure Simon Willoughby, head of proposition at Utmost Wealth Solutions, has been made redundant following an internal restructure.
Ex-Globaleye managing director Scott Balsdon joins Holborn
Scott Balsdon has joined Holborn Assets in Dubai as a non-executive director having left his role as managing director of Globaleye in December 2016 after nine years with the firm.