Asia
Zurich reports ‘record’ life business operating profit in H1
Life business growth was primarily driven by the EMEA region
Utmost International receives ‘notable upgrade’ to A (Superior) ratings from AKG
The Utmost International business has demonstrated ‘significant momentum’ in scale and strength
Japan: short-term concerns, long-term optimism
A stronger yen seems likely, leading to a bifurcated market
St James’s Place targets £500m cost cuts as FUM hits record £181.9bn
The aim is to achieve annual FUM growth in the ‘mid-to-high single’ digits over time
Brown Advisory names Yoon Bean Kim as head of North Asia (ex-Japan)
Having established a Singapore presence in 2019, Brown Advisory recently passed $3.5bn of assets managed out of the region