Julius Baer has said that it would ‘vigorously contest’ a S$100m (74m/£62m) claim which has been brought against it for alleged damages/losses incurred by the bank arising from share accumulator transactions in 2007 and 2008.
Medicare International has added a new range of benefits to all its International policies with more offers expected to follow in Q1 next year following the added leverage it gained after its 2012 acquisition by French insurance giant April.
HSBC has launched a new Ireland-domiciled ETF which will track the performance of large and mid-cap companies in both emerging and developed Asia.
Schroders is to launch an externally-managed fund this November which focusses on European corporate credits and financials.
Barclays is to reduce the number of markets in which it provides wealth management and investment services from around 200 to 70 by the end of 2016 in a bid to "reduce the complexity" in its business and stick with the markets that it claims still hold over 80% of the world's wealth.
Guernsey-based Generali International has appointed former Scottish Widows account manager Mark Maplesden to the group's sales team in Dubai in a newly-created role to help to bolster the insurance provider’s overall support to intermediaries and banks in the UAE.
Hansard Global, saw its focus on regular premium business yield ‘record’ levels of new business according to its global annual results, with the Isle of Man-based savings product provider reporting business flows have risen 12% on 2012 figures – jumping from £124m to £156m (as of June 30 2013).
The Royal Skandia Trust Company is launching an offer across its entire range of trusts which will enable financial advisers and their clients to access its professional trustee services free of charge.
One of SE Asia’s biggest asset managers has launched an actively-managed Ucits equity fund aimed at international investors wishing to gain exposure to Vietnam’s public equity markets.
Nikko Asset Management has appointed Mitsuaki Hasegawa as its chief compliance officer in a newly created role with a global brief that covers all compliance functions.
Private bank Credit Suisse has confirmed plans to withdraw from a reported 50 countries which it considers unprofitable, while it ploughs forward with plans to orientate its business towards an ultra high net worth client base.
For the first time ever, new business sales of UK-distributed, onshore single-premium bonds fell below those of offshore single premium bonds sold into the UK, in the second quarter of this year, reflecting industry experts said the arrival of RDR.
