News
Investment | news 19 Apr 17
IoM taxpayers footing the bill for New Earth Group wind up
Taxpayers on the Isle of Man will pay for the winding up of collapsed investment fund New Earth Recycling and Renewable (NERR), part of the New Earth Group of Funds, after the island’s financial regulator stepped in to pick up the tab.
Middle East | news 19 Apr 17
Paul Evans to replace Brendan Dolan as UAE head at Old Mutual
Paul Evans has been named as Old Mutual International’s new head of region for the Middle East and Africa, taking over from Brendan Dolan, who was recently promoted to global sales director.
PEOPLE MOVES: Lombard Odier, Neuberger Berman, Livingbridge
The industry’s revolving door slowed down as the Easter break approached. Lombard Odier IM created a head of third-party distribution role, while Neuberger Berman has a new head of China. The former managing director of Fharlie Advisers has appeared at Livingbridge.
European Wealth expands to South Africa
European Wealth has opened an office in Johannesburg, South Africa, following its recent acquisition of a client bank from Towry Asset Management.
Beware hyped up tech firms that destroy wealth, says Rathbones
Investors are at risk of over valuing innovative technology firms which offer the potential to disrupt established industries, investment manager Rathbones has warned.