Industry
People Moves | 19 Apr 16
PEOPLE MOVES: Deutsche Bank, Fidelity, Charles Stanley
A senior figure at Deutsche Asset Management is take to a medical leave of absence, as parent company Deutsche Bank bolsters its compliance and anti-financial crime divisions. Fidelity has poached a portfolio manager from Henderson Global, while Charles Stanley is to suffer a senior departure.
CFA and Woodford call for removal of “mystery” around fees
The investment profession’s value proposition is not well understood, while there remains a need for improved transparency and disclosures in fees and charges, according to CFA UK.
Wealth management in S.Korea to become a ‘common concept’
Introducing a fee-based only regime for South Korea’s financial advisory sector, as proposed by the country’s regulator, will help wealth management become “a more common concept” for Korean investors, said Young Soo Kim, head of distribution at Schroders Korea.
Generali to expand in Asia by pumping capital into Thailand
Italy’s largest insurer Generali will pump money into its Thai operations as part of plans to expand across Asia, Thai local media has reported.
Lessons from the UK’s RDR journey
With UK-style retail distribution review (RDR) regulation sweeping across international investment markets, and the trend towards better customer outcomes only set to intensify, advisers need to fully embrace this change and embrace it early, says Bill Vasilieff, chief executive of Novia Global.