News
BlackRock sees US RDR-style rules impacting investment flows
The US Department of Labor’s planned RDR-style rule change on providing investment advice for retirement planning, will have a major impact on investment flows, fund management giant BlackRock said in its quarterly results statement on Tuesday.
Best Practice | news 18 Oct 16
Australia plans new adviser standards watchdog
The Australian Government will introduce legislation this year to set up a new independent standards body to oversee the country’s 22,500 financial advisers, enforce uniform educational standards and police an official code of ethics.
People Moves | news 18 Oct 16
PEOPLE MOVES: Lombard Odier, Manulife, Legg Mason
Lombard Odier Private Bank has added six to its roster as the company builds its UK presence. Manulife has announced a promotion in its individual financial products division in Hong Kong, while Legg Mason Global Asset Management has named a business development director.
Yield available in EM debt and Asian stocks – JP Morgan AM
Emerging market debt and Asian equities, in particular Hong Kong stocks, still offer yield at acceptable valuations, according to JP Morgan Asset Management’s latest quarterly outlook.
US wealth manager SEI to close Dubai office
US-headquartered SEI is to close its office in the Dubai International Financial Centre next month and will service its Middle East clients from London.