Axa inks strategic partnership with ecommerce giant Alibaba
French insurer Axa has entered into a worldwide strategic partnership to distribute its insurance products and services through the global ecommerce ecosystem of China’s Alibaba.
Author: Kirsten Hastings
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PEOPLE MOVES: Generali, Schroders, Standard Chartered
Generali has confirmed that a top executive in Asia has resigned, while a Schroders veteran is set to leave the company after a recent corporate restructure saw his role disappear. Standard Chartered, meanwhile, has named a heavy hitter from the IMF as its next chairman and appointed a private banking regional head in Asia.
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Hansard results boosted by Middle East & Africa performance
Hansard Global’s growth momentum gathered pace in its fiscal fourth quarter following strong results from the Middle East and Africa and a well-received product enhancement.
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IFAs must recruit from a wider gene pool to grow business
Recruiting more diverse IFAs is key to tapping new markets and growing business, but attracting fresh blood into the industry remains a challenge, industry experts have said.
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LGBT community sees dip in average sums assured
The average sum assured for lesbian, gay, bisexual and transgender (LGBT) people in the UK fell by more than £8,000, according to gay insurance adviser Compass Mortgage and Insurance Services.
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Santander and UniCredit end fund management merger talks
A deal to merge the fund management businesses of Italy’s UniCredit and Spain’s Santander has officially been called off.
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PEOPLE MOVES: Aviva Investors, BNY Mellon, HSBC Private Bank
Aviva Investors has named an interim replacement for its Asia Pacific chief executive. BNY Mellon has announced two senior investment services promotions in EMEA, while HSBC Private Bank has named a business head for North America.
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Singapore regulator vows tougher action after 1MDB scandal
Lapses in anti-money laundering and other scandals have “made a dent” in Singapore’s reputation as a “clear and trusted financial centre”, said Ravi Menon, managing director of the Monetary Authority of Singapore (Mas).
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Northstar sets up in the Dubai International Finance Centre
Bermuda-based Northstar Financial Services has opened an office in the Dubai International Financial Centre (DIFC) and appointed Sanjeev Chowdhury as principal representative.
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Aviva launches 280-strong Singapore advice business
The UK-headquartered insurer has set up a financial advisory firm in Singapore called Aviva Financial Advisers, offering advice on a full range of life, health, general insurance, and investment products.
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BlackRock bond fund seeks diversified fixed income exposure
BlackRock has launched a fixed income fund that invests in global macroeconomic strategies with exposure to regions where interest rates are attractive and also where markets are effected by supportive monetary policy.
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Hong Kong insurance companies defy 2015 asset dip
Insurance companies in Hong Kong reported a 3.5% increase in assets under management to HK$468bn (£45.6bn, $60.3bn) during 2015, compared with a decrease of 1.6% for the jurisdiction’s combined fund management business.