Africa
Mauritius acquisition boosts Sanlam’s pan-Africa strategy
South African financial services group Sanlam is focusing on Mauritius offshore services as part of its pan-African growth strategy.
Investec Life launches in South Africa
Investec has added life insurance to its banking and investment services offering in South Africa.
Old Mutual sells majority stake in Nedbank
Old Mutual will reduce its 54% stake in South African lender Nedbank to 19.9% as part of its ongoing plans to restructure and separate its business.
Analysis: South Africa’s commission conundrum continues
Upfront commission remains a burning issue in South Africa, as the nation’s financial advice sector awaits the regulator’s next move following the signing of the ‘Twin Peaks’ legislation into law.
Trust acquisition adds Asia presence to $95bn offshore specialist
Bermuda-based Bank of N.T. Butterfield & Son will establish an Asia presence following its acquisition of Deutsche Bank’s Global Trust Solutions (GTS) business.