Africa
Only 1% of consumers using robo-advice
Despite many fintech firms proclaiming robo-advice growth, a major survey by GlobalData has revealed that, across the generations, only 1% of consumers are using the technology to invest.
Hansard’s Bahamas operation to service Latin America growth
Hansard Global’s recently announced Bahamas operation will be used to support its “rapidly growing” Latin American client base, according to the specialist long-term savings providers latest results.
Investec granted first Isle of Man alternative bank licence
The very first Isle of Man Alternative Banking Regime (ABR) licence has been granted to Investec Bank (Channel Islands).
Allianz acquires Nigerian insurer
Germany’s Allianz has completed the acquisition of Ensure Insurance in Nigeria, taking its presence up to 17 countries across Africa.
PEOPLE MOVES: Holborn, Carrick Wealth, Vanguard
Holborn Assets Hong Kong names its chief executive, Carrick Wealth appoints an acquisitions director who comes by way of the UK, Singapore and Dubai, while Vanguard bolsters its ETF Capital Markets team in Europe.