News
People Moves | news 5 Jan 17
PEOPLE MOVES: Aegon, ATS, CII, Zedra, Lombard Odier
Aegon announces the departure of its UK platform czar following its buyout of Cofunds as Alliance Trust Savings hires an ex-Prudential consultant to the newly-created role of chief operating officer. Zedra appoints a new head of its London office, while on a more tragic note Columbia Threadneedle confirms the death of global equities manager Stephen Thornber.
US policy drives Bank of Singapore’s glum outlook on China
Potentially aggressive US trade policy and China’s expanding credit are top concerns, according to Richard Jerram, the Bank of Singapore’s (BoS) chief economist.
Fidelity obtains first ‘private fund’ licence in China
Fidelity International has become the first global asset manager allowed to launch investment products in mainland China through a wholly-owned local subsidiary, in the latest move by Beijing regulators to open up the country’s capital markets to foreign firms.
Aisa International moves into South Africa with fee-based firm
Cross-border financial planning firm Aisa International has expanded into South Africa after being granted a licence by the country’s financial services regulator.
Best Practice | news 4 Jan 17
US funds must disclose fees under DoL adviser reforms
US mutual funds will be required to fully disclose all their fees and asset allocation as a result of the Department for Labour’s (DoL) upcoming investment advice rule, according to the Securities and Exchange Commission (SEC).