Private medical insurer April has moved to expand its operations across the Asian region with the purchase of GlobalHealth Asia, an international health insurance company based in Hong Kong, for an undisclosed amount.
Swiss private banking group Julius Baer will launch a new investment management (IM) division, to be headed by Yves Henri Bonzon, formerly of Pictet Wealth Management.
Aberdeen Asset Management’s acquisition of Parmenion Capital partners and its sister company, Self Directed Holdings, is now complete, the firm announced on Tuesday.
DeVere UK, a member of the deVere Group, has launched a new High Net Worth division as part of a planned expansion to deal with a forecast 50% rise in business levels for 2016.
Allan Gray, founder of the South African-based investment management firm which carries his name, and his family have moved their controlling stakes in the Orbis and Allan Gray groups into a new charitable foundation.
Fund service provider JTC Group has completed its acquisition of GAM’s Cayman Island-based fund administration business.
BNP Paribas Investment Partners, the asset management arm of BNP Paribas, and Asia-focused alternative investment firm Orion Partners have announced a strategic partnership.
South African robo-advice provider SmartRand has opened up the country’s financial advice market to lower level investors, creating much broader demand.
Barclays is expected to announce further job losses in its Asia investment banking sector, with corporate finance and advisory staff in South Korea and Taiwan and equities sales and research staff across the region also under the cosh, according to Reuters.
In the latest in a series of viewpoints from prominent industry figures, Nigel Watson, sales director of VAM Funds, sets out what he sees as the key challenges and opportunities for global asset managers in 2016 and beyond.
The Swiss-based private bank will purchase a $17.5m stake in Jupai, a US-listed Chinese wealth manager.
Discretionary fund management firm Portfoliometrix has launched in Ireland, with an office in Dublin.
