News
People Moves | news 2 Aug 16
PEOPLE MOVES: OMI, Architas, Hong Kong SFC
Old Mutual International has named a managing director for its Isle of Man operations, while Architas has poached Seneca IM’s head of retail for a new role and added Axa Wealth’s head of investing to its roster. The Hong Kong and Australian regulators also announced senior appointments.
Equities’ ‘Goldilocks’ backdrop unsustainable – Fidelity
Fidelity International’s multi-asset team, Fidelity Solutions, has cut its holding of equities and is now broadly neutral on a swathe of developed and emerging stock markets.
Best Practice | news 2 Aug 16
EY predicts gloomy outlook for UK advisers post-Brexit
Financial advisers are in for a tough time following the UK’s vote to leave the European Union, according to a report from professional services firm EY.
Mirae tackles regulatory bumps on road to global expansion
The patchwork of global financial regulations present a key challenge when an asset manager wants to expand, said Mirae Asset Global Investments (HK) president and chief executive Jung Ho Rhee.
Middle East | news 2 Aug 16
Expats in Saudi Arabia to face cap on moving money abroad
Expats living in Saudi Arabia sending money back to their home countries could face a cap in line with their earnings as the Kingdom looks to tighten rules around personal wealth leaving the country.