News
Offshore bond consolidation rattles advisers warns Canada Life
The recent trend of closed book market consolidators buying up international life company books of business has distracted its competitors and can be an issue for adviser firms, the managing director of Canada Life International, Sean Christian, has warned.
SJP Asia reports strong growth as global inflows rise 40%
Funds under management rose 28% at St James’s Place Asia in 2017, with the company reporting regional gross inflows and growing adviser numbers.
Chinese conglomerate buys $52m stake in Brazil wealth manager
Chinese insurance and investment group Fosun has added wealth management to its operations after announcing it is to acquire a Brazilian wealth manager for $52m (£37.3m, €42.3m).
Aberdeen Standard Investments to set up Dublin hub
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
PEOPLE MOVES: JP Morgan, Rothschild, Julius Baer
JP Morgan’s head of UK funds leaves the firm to “pursue other opportunities”, the chairman of Rothschild Investment Bank prepares to pass the reins over to his son and Julius Baer makes an appointment to its Guernsey branch management board.