The deVere Group has announced that it will incorporate its Professional Investment Consultants (PIC) Middle East business into its deVere Acuma operation in the UAE as part of a strategic plan to expand across the region.
Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately in Asia, New York Life Investment Management is opening a Japan sales office.
First Names Group has received regulatory approval to acquire trust and corporate services provider Nautilus Trust Company in Jersey, Hong Kong and London.
Graviton Financial Partners, a wholly-owned subsidiary of South African insurance giant Sanlam, has acquired a 49% stake in Firstglobal Asset Management for an undisclosed sum.
Qatar’s royal family has increased its stake in Deutsche Bank to nearly 10% and recommended a replacement for an open position on the bank’s supervisory board.
Curtis Banks Group has acquired the self-invested personal pension (Sipp) business of UK-based European Pensions Management (EPM) for an undisclosed sum.
Ian McMullan, managing director of Canada Life Group Insurance, died on 8 July following a battle with cancer.
UK chancellor George Osborne and the Financial Conduct Authority (FCA) intervened in a US investigation that could have seen Europe’s largest lender, HSBC, prosecuted for money laundering, a new report claims.
Legg Mason has acquired an 82% stake in US-based online investment adviser Financial Guard for an undisclosed sum.
Swiss-based insurer Zurich has sold its operations in South Africa and Botswana to Canada’s Fairfax Financial Holdings for an undisclosed sum.
The fast development of China’s financial industry and the firm’s increasing interest in A-shares calls for an on-the-ground presence that will initially be research-focused, said Frank Wheeler, global head of distribution.
Spanish-based insurance giant Mapfre, one of Europe’s top 10 insurance companies by premium volume, has rebranded its asset management arm and announced plans to expand into third-party business.
