Industry

Companies | 11 Mar 15

Peter Drummond has stepped down from his role as head of Oman Insurance after just 11 months and is to take on a new position as chief executive of Legal & General Gulf.

Retirement | 11 Mar 15

Multi-jurisdictional financial services provider STM Group saw its pensions division grow by 36% last year which it claims to be driven by 150% growth in its Gibraltar QROPS revenue.

Companies | 10 Mar 15

Nedbank Private Wealth, the offshore private bank majority-owned by South Africa’s Old Mutual, said it has doubled its client base in the Middle East during the past two years and has expanded its support team for its Dubai-based operation.

Industry | 10 Mar 15

Exchange-traded funds listed in Europe and Asia-Pacific and launched in January collected $526m worth of inflows and accounted for 90% of new assets, according to data from Markit.

North America | 10 Mar 15

Vanguard, the world’s largest mutual fund company, has announced senior management changes within its international group.