United Kingdom
High court shuts down 7 mini bond companies
For mis-selling more than £20m in loan notes and taking £2m after they were insolvent
M&G buys Yorkshire-based IFA firm
Deal adds £2.5bn in assets under advice to the group’s wealth division
Platform pricing ‘should not be a race to the bottom’
They need to offer more solutions ‘to open up new revenue streams’
Ocorian buys Guernsey trust company
Deal is ‘a strategic investment’ in the Crown Dependency
PEOPLE MOVES: HSBC AM, Deutsche Bank WM, Aegon AM
Asset manager names global fixed income CIO, as bank hires group head of south-east Asia