Africa
South Africa regulator bans investment firm directors
After the watchdog withdrew the company’s licence over breach of suitability requirements
Deutsche Bank to create international private bank
It will have around €250bn in assets under management and a combined revenue of approximately €3bn
Carrick Wealth opens specialist financial planning division
Firm will offer trust and international Will services to high net worth individuals and families
Blacktower expands advisory network to the US
It already is in ‘late stage discussions’ to enter three other markets
South African firm has licence provisionally suspended
It is allegedly operating an unapproved foreign collective investment scheme and offering 40% returns