News
PEOPLE MOVES: Manulife, Sanlam UK, GAM
Manulife Hong Kong has a new chief financial officer, while Sanlam UK has raided Close Brothers Asset Management to find a chief executive for its new private office proposition. GAM has poached its new representative director and president for Japan from Schroder Investment Management.
Hong Kong domiciled funds growth outpaces Singapore
Chinese equity mutual funds boost the size of the Hong Kong-domiciled mutual fund landscape, helping it push ahead of rival Singapore.
US equities’ advance makes European investors run
The US equities rally has been given a fresh boost this year by continuing earnings upgrades and a weakening dollar, but Europe’s investors are not buying it.
Fighting tax evasion to be priority for Austrian EC presidency
When Austria assumes the presidency of the European Council in the second half of 2018, it will prioritise pushing forward European and international measures to prevent profit shifting and international tax fraud, the country’s finance minister said.
Best Practice | news 7 Aug 17
Couple win fight against wealth firm over £200k fund transfers
The UK’s Financial Ombudsman Service has upheld a complaint about the unsuitable transfer of investments worth around £200,000 ($260,869, €221,431) made against Attivo Financial Services.