Industry
Singapore bans star dealmaker as banks fined £5.3m over 1MDB
An ex-Goldman Sachs banker is facing a ban from Singapore’s securities industry , while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.
AxiomSL opens Dubai office in Middle East expansion
AxiomSL, a firm specialising in regulatory reporting and risk management, has announced it will be opening its first Middle East office in the the Dubai International Financial Centre (DIFC).
Investment | 1 Dec 16
Hargreaves Lansdown hails its ‘biggest fund launch ever’
The HL Select UK Shares Fund launch on Friday has been hailed as its biggest ever by Hargreaves Lansdown.
People Moves | 1 Dec 16
PEOPLE MOVES: Zurich, MBMG, Close Brothers
A Zurich stalwart has been hired to the Middle East to head up the life insurer’s retail distribution team, while Bangkok-based advisory firm MBMG announces a departure. Close Brothers appoints a new business development director, who will work closely with UK advisers.
IFA fined £234k for ‘McDonald’s advice’ on doomed Harlequin
The head of a UK IFA firm, which was one of the biggest sellers of the ill-fated Harlequin Property investments, has been fined £233,600 (€274,259, $291,491) for the poor advice he doled out to pension clients.