Julius Baer hires HSBC bankers for LatAm push
Swiss wealth manager Julius Baer Group has hired several private bankers from HSBC to bolster the firm’s Latin American business, according to media reports.
Author: Kirsten Hastings
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Product providers should share compensation levy burden
Nearly eight out of 10 (77%) UK advisers believe that product providers should contribute towards the cost of the Financial Services Compensation Scheme’s (FSCS) levy on intermediaries.
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PEOPLE MOVES: Old Mutual, Newton, Rathbones
Old Mutual Global Investors has created a new head of China business role, while Newton Investment Management is bidding farewell to its veteran chief executive and Rathbones has appointed a new head of equity research.
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AJ Bell launches low cost managed portfolio service
Investment platform AJ Bell has launched a new managed portfolio service (MPS) with an annual management charge of 0.25% + VAT.
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Jersey signs cooperation agreement with Liechtenstein
The Jersey Financial Services Commission (JFSC) has signed a memorandum of understanding with Liechtenstein’s Financial Market Authority (FMA) to cooperate on supervisory matters, information exchange and the oversight of regulated firms.
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How to avoid investment planning pitfalls
In the latest instalment of a focus on business transition principles, Mike Leeson takes a look at the pivotal role investment planning plays in helping to build a sustainable, centralised process.
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Demand for income security sees MetLife’s AUM hit £5bn
Strong demand from advisers for innovation in retirement and investment solutions has seen MetLife’s assets under management pass £5bn ($6.5bn, €5.8bn), the company said on Friday.
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Channel Islands sets its sights on Islamic finance
The Channel Islands Securities Exchange (CISE) is planning to introduce Islamic finance guidance notes to accompany all its listing rules, in a bid to capitalise on the renewed interest in Islamic finance.
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SEC charges former pro US footballer over $10m Ponzi scheme
A former professional American football player has been charged by the US Securities and Exchange Commission for running a $10m (£7.7m, €9m) investment fraud that promised returns as high as 20%.
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PEOPLE MOVES: Schroders, Old Mutual, Royal London
Schroders has appointed a head of investment trusts for its UK intermediary business, while three non-executive directors at Old Mutual Wealth are to step down. Royal London Asset Management has added four to its global high yield team.
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Zurich nabs Howell from Generali to head up Asia Pacific
Jack Howell, the former chief executive of Asia for Italian insurer Generali, is to join his former boss Mario Greco at Zurich as chief executive of Asia Pacific.
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Single premium sales drive Singapore life industry growth
A strong second quarter saw Singapore’s life insurance industry report 13% growth in new business premiums between January and June 2016, with single premiums up 28% compared with a year ago.