News
United Kingdom | news 1 Dec 15
Financial firms outsource advice to unregulated third parties
Some UK financial adviser firms are delegating the entire regulated activity of providing advice to unregulated third parties, according to the Financial Conduct Authority (FCA).
Corruption probe takes down Brazilian investment chief exec
The chief executive and chairman of Latin America’s largest independent investment bank, Grupo BTG Pactual, resigned on Sunday after he was jailed the previous week as part of a sweeping corruption probe, reports Reuters.
Tilney planning range of smart beta, multi-asset funds
Tilney Bestinvest plans to launch a range of smart beta, multi-asset funds in 2016.
RL360 Group completes CMI acquisition
Following regulatory approval from the Isle of Man and Hong Kong, RL360 Group has completed its acquisition of Clerical Medical International Insurance Company (CMI) for an undisclosed sum.
Senn steps down as Zurich’s group chief executive
After ten years with Zurich Insurance Group, six as group chief executive, Martin Senn has decided, by mutual agreement with the board of directors, to step down at the end of the year.