Montpelier Malaysia reopens office
Following the sudden closure of the Kuala Lumpur office of wealth management firm Montpelier Malaysia on Friday, company director Keith Bayliss has confirmed that staff returned to work on Monday.
Author: Kirsten Hastings
-
-
Bedell opens Luxembourg office, appoints directors
Offshore law firm and independent trust company Bedell has expanded its European presence with the opening of an office in Luxembourg; providing corporate, private equity/real estate, and private wealth administration services.
-
Montpelier Malaysia suspends two directors, shuts office
Wealth management and financial planning firm Montpelier Malaysia on Friday suspended directors Stuart Williamson and Diane Docherty and closed its Kuala Lumpur office.
-
Three bidding for Barclays Asia private wealth business
Singapore’s DBS Group and Oversea-Chinese Banking Corp (OCBC), and Swiss-headquartered Julius Baer have reportedly submitted non-binding bids for Barclay’s Asian private wealth business, reports Reuters.
-
Sun Life revenue falls, confirms US wealth business closure
Net revenue was down by a quarter at Canada’s third largest insurer by assets, Sun Life Financial, during the fourth quarter and full year of 2015. The company also incurred a C$63m (£31.1m, $45.3m, €40.2m) restructuring cost related to the closure of its US wealth business.
-
L&G expands US pension risk transfer business
Legal & General has entered into a second US pension risk transfer deal with a buy-out of around $65m (£44.9m, €57.7m) in pension liabilities.
-
PEOPLE MOVES: BlueBay AM, Ascot Lloyd, Knadel…
BlueBay Asset Management has strengthened its high yield team; while Ascot Lloyd has nabbed the former chief executive of Cofunds for a non-executive role. Knadel and the JFSC announced board appointments and Barclays named a new chief operating officer.
-
Axa bets on emerging market insurance growth
Axa Group has launched a global initiative to reach the middle class of tomorrow by accelerating the development of its emerging customer insurance offering across high-growth markets.
-
Two Brits rapped as Thai SEC steps up operations
In separate incidents, Thailand’s Securities and Exchange Committee (SEC) has filed criminal complaints against two British nationals accused of operating securities businesses without a licence.
-
Indonesian tax amnesty a boost for wealth management sector
Indonesia is to offer generous incentives for tax evaders to regularise their finances, a move that has been welcomed by the country’s wealth managers, reports Reuters.
-
How to avoid the seven deadly ISA sins
With two months to go before the end of the current tax year, Maike Currie, investment director for personal investing at Fidelity International highlights seven ISA sins that investors should avoid.
-
US expats should keep citizenship despite FATCA, says deVere
American expats should not renounce their citizenship because of FATCA without considering all of their options, according to Nigel Green, chief executive and founder of deVere Group.