PraxisIFM boosts Middle East growth with acquisition
Channel Islands-based financial services group PraxisIFM has acquired fiduciary and accounting company Balmor Management, as the firm looks to grow its presence in the Middle East.
Author: Kirsten Hastings
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UK advisers expect post-Brexit business boom
More than half of financial advisers (53%) in the UK expect an increase in the number of clients specifically seeking Brexit-related financial planning advice, research from Prudential shows.
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PEOPLE MOVES: Axa, Noah, Schroders
Axa Asia has appointed a regional chief risk officer, while Chinese wealth manager Noah has made changes to its senior executive team. A fund manager is to depart Schroders, with Legg Mason bolstering its international product team in Australia.
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Former US baseballer becomes unlikely financial adviser
Controversial former US baseball star Jose Canseco has developed something of a cult following after several of his contrarian market predictions have come true.
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Greater disclosure requirements for US investment advisers
Investment advisers in the US will need to provide more information to the Securities and Exchange Commission (SEC) as the regulator steps up its monitoring of the asset management industry.
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Liechtenstein approves double tax agreement with the UAE
Liechtenstein has approved a double taxation agreement (DTA) with the United Arab Emirates, as well as Iceland and Andorra.
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Hansard International launches flexible commission bond
Hansard International has launched a bond offering a zero commission option for financial advisers recommending single premium products to clients.
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South African IFAs want more industry support
South African asset management firms and investment service providers need to do more to help make the lives of IFAs easier, a survey from consultancy firm Insight Discovery has found.
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Legg Mason adds currency hedged class to infrastructure fund
Legg Mason has launched sterling hedged share classes for the firm’s IF Rare Global Infrastructure Income Fund to provide investors with exposure to infrastructure equities while lessening the impact of currency fluctuations.
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PEOPLE MOVES: Old Mutual, Eastspring, BNP Paribas
Changes abound in Singapore with Old Mutual Global Investors creating a new managing director role, Eastspring Investments naming a new chief executive, and HSBC Bank appointing a head of retail banking and wealth management.
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Ex-Julius Baer ‘whistleblower’ cleared of secrecy law breaches
A former Julius Baer banker accused of passing sensitive data to WikiLeaks has been given a 14-month suspended sentence after a Zurich court turned down prosecution demands that Rudolf Elmer be convicted of breaching Swiss bank secrecy laws despite being based in the Cayman Islands, according to media reports.
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Lombard Odier funds added to Novia platforms
Lombard Odier Investment Management is making 17 of its mutual funds available through the Novia Financial and Novia Global platforms.