Africa
South African regulator signs deal with firm to refund investors
Several months after watchdog provisionally suspended its financial services provider licence
Holborn Assets expands South Africa operation
It has around 50% more advisers onshore than 12 months ago and plans Durban office
PEOPLE MOVES: Deutsche Bank, Close Brothers, LGT Vestra
Bank names co-CEOs for Middle East and Africa, while asset manager hires director of advice
PEOPLE MOVES: HSBC, Deutsche Bank, Standard Chartered
Bank names CEO of global private banking, while German giant bolsters UK operation
Credit Suisse discovers fraud in wealth management arm
It reportedly led to a loss of CHF10m