Industry
Gibraltar removed from Bulgarian tax haven list
Bulgaria has removed Gibraltar from its ‘tax haven’ list following intensive lobbying from Gibraltar Finance and the state’s minister for finance and gaming, Albert Isola.
People Moves | 24 Mar 16
PEOPLE MOVES: HBSC, SFC, Manulife HK, Alexander Beard
Former Standard Life head David Nish joins HSBC’s board of directors, while Hong Kong’s SFC appoints new director of enforcement. Manulife Hong Kong’s hires former Axa executive to head up its IT operations.
Sun life Financial to own Indonesian life insurer outright
Sun Life Financial (SLF) has announced that it will take 100% ownership of the Indonesia-based life insurer PT CIMB Sun Life (CSL), after signing an agreement to purchase an additional 51% stake on top of the 49% it already owns.
Alternatives | 24 Mar 16
Life industry needs 21st century solutions – ITA’s Phil Story
The head of distribution for Investors Trust Assurance (ITA), Philip Story, says life companies are in need of 21st century solutions to meet the changing demands of today’s clients.
Credit Suisse to cut 2,000 more jobs, save another CHF800m
Credit Suisse is to eliminate another 2,000 jobs and make an additional CHF800m (£576.1m, $824m, €733.8m) in cost savings, as it accelerates the pace of its restructuring following disappointing results in the final quarter of 2015.