Sanlam to take over Moroccan insurer in $1bn deal
Sanlam will take full control of Morocco’s Saham Finances for $1.05bn, and is actively looking for other acquisitions that will make it “number one, two or three” in the markets in which it operates.
Author: Tom Carnegie
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China’s wealthy send $172bn offshore in three years
A “staggering” $172bn in Chinese funds have been deposited offshore by non-bank institutions in just three years, according to a report by Knight Frank.
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Are life cos ready for looming IoM Conduct of Business Code?
It is now less than a year until the Isle of Man Conduct of Business Code comes into force, International Adviser spoke to several firms headquartered on the island to see how they are preparing for the introduction of the regulation.
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Aviva fires up Hong Kong joint venture with Tencent
Aviva Asia will launch a Hong Kong joint venture in the first half of 2018, as the group shifts its investment focus to high growth markets.
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Former Dubai International Financial Centre chief dies
The former governor of the Dubai International Financial Centre (DIFC) and chair of the Dubai Financial Service Authority (DFSA), Abdullah Mohammed Saleh, has died.
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EU tax haven blacklist to dwindle to six
EU finance ministers are expected to remove three more jurisdictions from the EU tax haven blacklist, meaning it has shrunk from 17 to just six since its inception in December.
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Globaleye partners with London Stock Exchange in Middle East
Independent advisory firm Globaleye has partnered with the London Stock Exchange Group (LSEG) Academy to provide financial training in the UAE and wider Gulf Cooperation Council (GCC) region.
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PEOPLE MOVES: SJP, Guernsey Finance, Pensionhelp
St James’s Place hires a partner from Odyssey Asset Management, Guernsey Finance appoints a permanent representative in Hong Kong and Pensionhelp snares an ex-Financial Conduct Authority (FCA) heavyweight.
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New Zealand considers wealth tax and foreign ownership limits
New Zealanders could face a wealth tax and a broader capital gains tax if plans being considered by a tax working group are pushed through.
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Japanese insurance giant acquires MassMutual Life
Japan’s largest insurer Nippon Life will acquire a majority stake in the Japanese arm of US rival MassMutual Financial Group in a bid to strengthen its insurance sales.
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PEOPLE MOVES: Nedbank, Prudential and HSBC
Nedbank Private Wealth is changing its managing director, Prudential appoints a chief risk officer and HSBC names its head of financial crime risk transformation for the Isle of Man and Channel Islands.
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Tax haven blacklist trashed by Members of EU Parliament
The heavily criticised EU tax haven blacklist faced further scorn on Thursday, after Members of the European Parliament (MEPs) said it lacks both transparency and credibility.