News
7IM buys family office focused DFM
Seven Investment Management has agreed to take over Tcam Asset Management in a bid to enhance its active management capabilities despite the Scottish firm last year expressing caution about merging with another company.
Macquarie clients with A$1.3m pushed out of private wealth
A cull of advisers and a shift in strategy have put clients of Australia’s Macquarie Group with less than A$1.3m (£724,000, $977,000, €829,000) of assets in limbo.
Six Singapore advisers banned for mis-selling
Former Prudential, AIA and Citibank employees have been prohibited from providing financial advice services in Singapore, after they were found to have mis-sold investment products.
Aberdeen Standard launches A-shares fund in China
Aberdeen Standard Investments (ASI) has launched an equity fund in China, targeting qualified domestic investors, through its investment management wholly foreign-owned enterprise (IM WFOE).
Isle of Man ‘constraints’ key to Hansard Bahamas move
Hansard’s strategic move to set up a licenced company in the Bahamas was partly driven by the Isle of Man’s sweeping Conduct of Business Code rules which go live in January 2019, the London Stock Exchange-listed company chief executive Gordon Marr has revealed.