Asia
Ex-Credit Suisse banker banned for hiding beneficial owners
The Monetary Authority of Singapore (Mas) has banned a former Credit Suisse banker for deliberately concealing the identity of the true beneficial owners of three bank accounts.
Australian banking giant to exit wealth management
National Australia Bank (NAB) is to exit its advice, platform, superannuation and asset management business by the end of 2019, according to the bank’s financial results.
Aussie complaints body gets launch date
The Australian Financial Complaints Authority (Afca) will provide “free, fast and binding dispute resolution to consumers and small businesses” from 1 November 2018.
PEOPLE MOVES: Guardian Wealth, Mark Mobius, Axa
A former Nexus Singapore financial planner joins Guardian Wealth in Dubai, Mark Mobius nabs two former Franklin Templeton colleagues for his asset management boutique and Axa announces the retirement of a veteran fund manager.
Damning revelations from Australia’s Royal Commission
The second week of Australia’s Royal Commission into financial advice was not a let-down after a jaw-dropping first week. Click through the slides below to see what happened…