News
Hong Kong regulator bans adviser for 10 years
Hong Kong’s Securities and Futures Commission (SFC) has cancelled the licences of Richmond Asset Management and its owner Graham Frank Bibby and banned him from re-entering the industry for 10 years.
Investment | news 31 Oct 16
Pictet sets up new office in the DIFC
Geneva-based Pictet Asset Management has opened a new office in Dubai’s International Financial Centre (DIFC).
Best Practice | news 31 Oct 16
Senior adviser quits with team of five to join Holborn Assets
Dubai-based senior wealth manager Nicholas Thompson has left Finsbury Associates and joined rival firm Holborn Assets as one of its senior partners, along with five new advisers.
Eurozone inflation fears hit high grade credit and gov’t bonds
Eurozone investment grade and government bonds continued to see outflows as inflation expectations rose, according to Bank of America Merrill Lynch research.
DBS buys ANZ Asia wealth units, nets $16.5bn in assets
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn, £13.5bn, €15bn) of wealth assets, which includes S$6bn from high net worth individuals.