Industry
PEOPLE MOVES: Aberdeen, Old Mutual, Pictet
Aberdeen Asset Management has appointed a chief operating officer for Asia Pacific, while Old Mutual Wealth has named a chief financial officer, tasked with driving forward the company’s planned demerger. Pictet Asset Management has a new head of UK intermediaries.
Tax & Regulation | 2 May 17
FCA spares dealing and portfolio services from Priips rules
The UK regulator has decided that retail investment dealing, portfolio management and custody services will not fall under major new European Union disclosure rules.
Retirement | 2 May 17
DeVere to keep ‘presence’ in countries where it now operates
Nigel Green, the chief executive and founder of deVere, has underscored his firm’s commitment to maintain a presence in each country where it currently operates, including the US, as speculation grows over where changes expected under a strategic review now underway are likely to be made.
Aberdeen outflow respite down to currency moves
Aberdeen Asset Management has said its outflows slowed in the second quarter to £2.5bn ($3.2bn, €3bn), but analysts said they doubt this reflects a true change in client sentiment.
Zedra establishes a US office to target Americas
Jersey-headquartered independent trust company Zedra has set up an office in Miami to target North and Latin America as part of its fast track global expansion plans.