HSBC, one of the Gulf's largest international banks, is to stop offering wealth management products in Bahrain, Jordan and Lebanon, as it continues to shed its less profitable operations globally, following a strategic review.
Aberdeen Asset Management has been stung by a £7.2m fine from the UK's Financial Conduct Authority due to breaches of client money rules.
Investors in Europe are flocking back to long-term funds while high yield bond funds are also picking up again, after suffering huge redemptions in June, according to investment researcher Morningstar’s latest European asset flow data.
The planned introduction of a fee regime for fund distributors in the UAE has been met with quiet dissent by some in the asset management industry.
Prestige and Methexis have launched a new, non-market based fund that focuses on secured lending to private businesses based in the UK.
San Francisco-headquartered asset manager Franklin Templeton Investments has launched a fixed income fund investing in the bonds of GCC companies and governments.
The French Government has added Jersey, Bermuda and the British Virgin Islands to its list of uncooperative tax jurisdictions according to an entry in France’s gazette for official decisions dated August 21.
The head of a trade association set up in 2009 to represent financial advisers catering for expats in Europe says his organisation is doing what it can to promote high standards on the continent, as industry concern over the matter of unregulated advisers practicing there and elsewhere outside the UK grows.
F&C’s Ted Scott is still cautious over the rate of the eurozone’s recovery despite improving economic data relating to the region.
Hong Kong’s main financial regulator has hit back at the territory’s top prosecutor who said the SFC should be stripped of its power to prosecute.
Praemium International has integrated its investment platform with its recently acquired WealthCraft customer relationship management system.
Lombard Odier has made two high level appointments to its Asia-Pacific team, as it looks to continue its growth in the region.
