Regions
ANZ sells life insurance business to global giant Cigna
ANZ Bank New Zealand has agreed to sell its life insurance business to US-listed health insurance giant Cigna for NZ$700m ($485.4m, €419m, £368m), the second non-core business the group has shed in under a month.
PEOPLE MOVES: Aviva, Hawksford, TPR
In a shock announcement the head of the UK’s pensions regulator resigns, Charles Stanley appoints an investment manager from Quilter Cheviot and Hawksford hires a former police officer.
China’s MSCI inclusion: Big step, little change
Index provider MSCI formally included around 230 China A-shares into its three widely-tracked indices on Friday, but fund managers see a minimal impact on the A-share market.
Hong Kong wealth manager eyes Singapore expansion
US-listed Noah Holdings is exploring a Singapore wealth management office and has reported a 24% increase in overall profit for the first quarter.
Ex-C Hoare and First Names trio to enhance index service
The former heads of C. Hoare & Co Wealth Management, James Hoare and Annamaria Koerling, together with Andrew de la Haye, deputy managing director of First Names Group, have acquired a majority stake in Enhance MPI Ltd.