Middle East
Zurich transfers Singapore adviser network to Nexus
Zurich Life Insurance (Singapore) has agreed to hand over all of its approximately 160 appointed financial advisers in the city state to Nexus Financial Services, part of the Middle East-based Nexus Group, in response to changes in the regulatory landscape.
LM action group criticises rising costs of insolvency
Financial advisers linked to the failed LM Investment Management funds, in which many expats in the Middle East and Asia lost money, have criticised the rising bills from insolvency practitioners and the slow pace of Australian regulators in dealing with the case.
Middle East | 28 Sep 15
Saudi Arabia seen cutting funds held with asset managers
Saudi Arabia has reportedly withdrawn tens of billions of dollars from global asset management firms in response to the ongoing slump in oil price and the recent volatility in world equity markets.
Middle East | 24 Sep 15
Guernsey Finance appoints first Middle East representative
Guernsey Finance, the body which promotes the island’s finance industry internationally, has appointed its first Middle East representative.
Middle East | 24 Sep 15
Invesco reveals pronounced change in ME expat behaviour
A big change in investor behaviour among Middle East expats has occurred over the last year, says Andrew Downing, regional sales manager of Invesco Asset Management, in a video interview.