News
United Kingdom | news 15 Mar 16
Jailed former IFA has landmark sentence extended
Former financial adviser Philip Boakes was sentenced to a further 730 days’ imprisonment on Tuesday for failing to satisfy the £165,731 ($237,877, €213,703) Confiscation Order against him.
Strong net flows boost LGIM’s pension assets
Legal & General Investment Management (LGIM) reported a 402% increase in external net asset flows in its annual results, rising from £7.5bn ($10.8bn, €9.7bn) in 2014 to £37.7bn in the year to 31 December 2015.
People Moves | news 15 Mar 16
PEOPLE MOVES: Cazenove Capital, Natixis, M&G Investments…
Cazenove Capital has changed its head of wealth management in Singapore; while Natixis AM has named a new chief executive following the departure of incumbent Pascal Voisin. South Africa’s Standard Bank has also appointed a chief executive, while M&G Investments named a new fund manager to its multi-asset team.
SocGen buys Kleinwort Benson to create WM behemoth
Societe Generale has agreed to buy Kleinwort Benson’s UK and Channel Islands wealth management businesses for an undisclosed sum.
APAC economies at serious risk from climate change
Zurich Insurance has named climate change as one of the biggest risks facing economies in the Asia Pacific (APAC) region, according to a recent report published in partnership with the World Economic Forum.