ubs poaches zammar for saudi desk
UBS has appointed Anthony Zammar to head one of its two desks covering Saudi Arabia.
Industry
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franklin templeton appoints africa head
Franklin Templeton Investments has appointed a new director of its Africa retail and institutional operations.
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polar capital launches us fund
Having joined the firm in August, Andrew Holliman and Richard Wilson are to launch their first fund offering to investors in mid-November.
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fundsmith unveils ucits iv sicav feeder
Terry Smiths Fundsmith is using Ucits IV legislation to launch a Sicav feeder fund version of its existing Equity Fund Oeic.
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gibraltar adviser to be wound up
Gibraltars Financial Services Commission has obtained a winding-up order against RLS Insurance & Financial Consultants, a firm it previously licensed to provide insurance mediation.
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ailo chairman panagiodis steps down
The Association of International Life Offices has elected Canada Lifes Claudia Lang as its new chairman, replacing Rachel Panagiodis who has completed a full two-year term.
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jupiter rings the changes on european fund range
Jupiter is to fold Stephen Pearsons Europa Hedge Fund into the firms European Absolute Return Fund with Cédric de Fonclare ceding all management responsibility for the latter.
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skandia and concept unveil qrops lite
Royal Skandia and Concept Group have created a QROPS with a fee structure aimed at clients with transfer values of less than £75,000.
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high yield bond funds resurge in popularity
High yield bond funds saw record inflows of $4.7bn (3.36bn, £2.93bn) last week as risk appetite returned among investors.
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hong kongs regulatory head warns regulation
The head of Hong Kongs Securities and Futures Commission has warned that regulation should not be used as a competitive tool but should be directed at containing systemic risks and protecting investors.
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rbc wm appoints us based directors
RBC Wealth Management has appointed two US-based directors, to cover the north-east and west coast regions of the country.
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hawksford names osborn smith to zurich office
Hawksford Group, one of the Channel Islands largest independent trust companies, has named Grant Osborn-Smith to manage its Zurich office, which it acquired last July when it bought Zurich-based L-S&S GmbH, as part of its international expansion strategy.