Ex-Irish Life chief executive guilty of conspiracy to defraud
Former Irish Life and Permanent chief executive Denis Casey has been convicted of conspiracy to defraud in the run-up to the 2008 banking crisis.
Author: Kirsten Hastings
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Generali Germany folded into Generali Investments
Generali Investments Deutschland (GID) has been merged into Generali Investments, as part of the group’s strategy to streamline its global asset management operations.
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PEOPLE MOVES: Deutsche AM, BMO GAM, Kleinwort Benson
Following a period of medical leave, the head of Deutsche AM is to leave the company in order to focus on his treatment. BMO GAM has named a new chief executive and the departure of its co-chief executive. Recent acquisitions have seen new chief executives appointed at Kleinwort Benson and StarCapital.
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Over-55s still unclear about pensions freedoms
Nearly half (43%) of over-55s in the UK do not understand the financial options available to them more than a year after the government introduced the pension freedoms, with 15% admitting to having no understanding at all.
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Ireland’s Icav attracts €8.4bn in first 12 months
A year after it was launched, the Irish Collective Asset Management Vehicle (Icav) has registered 157 new funds and recorded inflows of €8.4bn (£6.6bn, $9.5bn).
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Great Eastern sells Vietnam business to FWD Group
FWD Group, the insurance arm of Asia-based Pacific Century Group, has secured regulatory approval to buy Great Eastern Life’s Vietnamese business for S$48.2bn (£24.5bn, $35.6bn, €32.3bn).
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Elian sold to Dutch firm Intertrust
Jersey headquartered fiduciary services company Elian Group is to be sold for £435m ($627m, €553m) to Dutch trust and corporate services provider Intertrust.
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Advice firms in Hong Kong come to terms with new rules
Independent financial advisers in Hong Kong have spent much of May coming to terms with further substantial changes to the region’s previously light touch regulatory regime.
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Scandals tainting legitimate tax planning strategies
More than a tenth of UK advisers have seen clients discouraged from using legitimate tax planning strategies as a result of high profile scandals, according to Old Mutual Wealth (OMW).
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ABI grasps the pensions dashboard nettle, plans prototype
The Association of British Insurers (ABI) is best placed to drive forward the delivery of a pensions dashboard, including the possible creation of a prototype, it announced on Thursday.
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BlackRock offers US mortgage backed securities bond ETF
BlackRock is launching Europe’s first exchange traded fund (ETF) investing in high quality US mortgage-backed securities.
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PEOPLE MOVES: Architas, Julius Baer, AllianzGI
Architas has named a Barclays managing director and chief investment officer as its new chief investment officer, while Julius Baer has added an executive director to its Guernsey team. AllianzGI is strengthening their alternatives pillar, with L&G bidding farewell to its chairman.