News
Middle East | news 28 Sep 15
Saudi Arabia seen cutting funds held with asset managers
Saudi Arabia has reportedly withdrawn tens of billions of dollars from global asset management firms in response to the ongoing slump in oil price and the recent volatility in world equity markets.
United Kingdom | news 28 Sep 15
Guernsey Q2 bank deposits up but FUM shrinks
Guernsey banking deposits rose £6.1bn over the past year to reach £83.6bn as 112 new additions joined the island’s investment funds listing.Guernsey banking deposits rose £6.1bn over the past year to reach £83.6bn as 112 new additions joined the island’s investment funds listing.
ANALYSIS: Why shining lights are needed in int’l life sector
The importance of having a parent company which believes in the underlying businesses it controls is an obvious statement presumably everyone would sign up to.
RSA to resume asset sales, targets Middle East and Russian units
UK-based RSA Insurance is reported to be looking to sell its Russian and Middle East divisions as it resumes the disposal process begun by chief executive Stephen Hester in the wake of the surprise decision by Zurich last week to call off its takeover bid.
The country most hit by regulation, MiFID II big hot potato
The jurisdiction where regulation has seen the biggest impact over the last year is revealed by Julian Kramer, head of external distribution, Northern Europe, at BNP Paribas Investment Partners.