News
GWM to ‘aggressively expand’ UHNW offering as Coady gets going
Guardian Wealth Management is to “aggressively expand” its ultra-high net worth client (UHNW) business, targeting UK residents as part of former deVere UK managing director Mike Coady’s new plans to grow its existing offices around the world in 2017.
Australia’s AMP posts big loss as industry changes hit
Australian insurance giant AMP, which runs the country’s largest financial adviser network, has posted a full year net loss after a big deterioration last year in its core life insurance and income protection business.
Aviva sells 50% stake in French life insurer Antarius
British insurer Aviva has sold its entire stake in France’s Antarius to a Société Général subsidiary but confirmed that it will continue to manage a chunk of its assets.
China’s asset management industry tops $7.5trn
Assets under management across mainland China rose by 36% to 51.8trn renmimbi ($7.53trn, £6.0trn) in 2016 according to data from the semi-official Asset Management Association of China (AMAC).
Hansard’s alliance with UAE insurer Union goes live
Hansard International launched its new strategic alliance with UAE-based Union Insurance Co on Thursday, which includes the provision of two new savings and investment products under the brand name ‘Infinity’.