Industry
People Moves | 12 May 17
Praemium’s ex-CEO triumphs as chairman and board are removed
Michael Ohanessian, the former chief executive of Praemium, has successfully ousted the company’s chairman and three directors who sacked him in February 2017.
A different breed of expat seeking international healthcare
New types of internationally mobile people are fuelling demand for global healthcare benefits rather than the more traditional expat profile, according to Tom Winfield, Bupa Global head of intermediary relationships.
Generali sets out fresh plans for asset management expansion
Generali unveiled a fresh push into asset management and said it will bolster its fee-based business, after reporting a 9% fall in first-quarter profits on Thursday.
North America | 11 May 17
Barclays fined $97m for overcharging advice clients in US
Barclays has agreed to pay more than $97m (£74.9m, €89.2m) to refund advice and mutual fund sales fees to US clients who were charged for services they did not receive.
NAB sells Asian wealth units to Singapore’s OCBC
The National Australia Bank has announced the sale of its private wealth business in Singapore and Hong Kong to Singapore’s OCBC.