FPI
FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw
Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.
China’s HNA Capital takes top stake in Deutsche Bank
Chinese financial services group HNA has become the biggest shareholder in Deutsche Bank after increasing its stake to just under 10%, overtaking the Qatar royal family and BlackRock.
FPI up for sale with Utmost Wealth ‘in the running’
Friends Provident International is up for sale with Utmost Wealth Solutions as the ‘most likely’ buyer, according to a source close to International Adviser.
Best Practice | 21 Mar 17
Gibraltar ‘in danger’ of losing Qrops status
Gibraltar must put in place a system for regulating personal pensions in just over two weeks to enable the jurisdiction’s Qrops to retain their status and continue to operate in the market.
PEOPLE MOVES: BlackRock, Pimco, Manulife AM
BlackRock has hired former chancellor George Osborne for a part-time role. Pimco has named a head of Asia Pacific and head of US global wealth management, while Manulife Asset Management has appointed a chief executive for Thailand.