News
Mirae Asset launches Asia bond fund
Mirae Asset Global Investments in Hong Kong has launched an Asia bond fund, which aims to capture the most attractive opportunities within the Asian corporate bond space.
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.
Mauritius the fastest growing market for wealth in Africa
The number of millionaires on the offshore island of Mauritius has grown by 20% in the last year, making it the fastest growing wealth market in Africa, a new survey suggests.
PEOPLE MOVES: Aberdeen, Old Mutual, Pictet
Aberdeen Asset Management has appointed a chief operating officer for Asia Pacific, while Old Mutual Wealth has named a chief financial officer, tasked with driving forward the company’s planned demerger. Pictet Asset Management has a new head of UK intermediaries.
Best Practice | news 2 May 17
MiFid II charge disclosure a ‘show stopper’ for European IFAs
Advisers across Europe underestimate how big an impact MiFid II will have on their businesses when they are required to report charges to clients from 3 January 2018, said OpesFidelio members at its annual conference in Prague.