Isle of Man deposit base falls by £2 bn
Deposits on the Isle of Man decreased by £2.1 bn in the first quarter of 2011.
Industry
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BNP Paribas creates new role in North Asia
Sam Shi appointed sales director for asset owners and asset managers in Greater China at BNP Paribas
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Fecif warns EC not to allow banks and insurance companies to exploit Prips
Fecif has warned the EC against letting banks and insurance companies exploit Prips.
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Gardner and Ho step up in Legg Mason Asia team changes
Julia Ho and Keith Gardner will assume Rajeev De Mello’s Asian bond responsibilities from mid-June.
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Ignis adds euro share class to European Alpha fund
Argonaut has added a euro share class to Barry Norris Ignis Argonaut European Alpha Fund.
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Dexia reorganizes commercial department
Dexia Asset Management (Dexia AM) has reorganized its commercial department.
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Euro crisis resolution ‘will be determined by local politics’
Local political tensions will influence the outcome of the European debt crisis.
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Collas Crill to launch Singapore office
Collas Crill will open an office in Singapore in the third quarter of this year.
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HSBC: Singapore is to be next offshore renminbi trading hub
Singapore could become the next offshore trading hub for the renminbi, according to HSBC.
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Deutsche Bank names new financial intermediary directors
DB has made Tracy Clarke and Adam Buxton directors in its financial intermediaries business
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HKSI launches wealth management qualification
The Hong Kong Securities Institute has launched a wealth management qualification in Asia.
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UK open for fund business, says IMA
The UK is back onto the list of key fund domiciles”, says the IMA.