Fund houses increase focus on private banks
European asset managers will focus more on private banks for fund distribution, according to KNEIP.
Industry
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Abu Dhabi Islamic Bank granted licence to open in Qatar
Abu Dhabi Islamic Bank has been granted permission to open an Islamic branch in Qatar.
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BNP PIM confirms sale to Williams de Broë
BNP WM is to sell its private investment management division to Williams de Broë.
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Architas preps MM absolute return fund
Architas is preparing to launch a Ucits fund of absolute return funds in October.
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Skinner replaces Healy at Aegon Ireland
Aegon Ireland has appointed Simon Skinner as its chief executive officer.
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Yorkshire Building Society to exit Guernsey
Yorkshire Building Society is to wind down its Yorkshire Guernsey Ltd subsidiary, the company said
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Pershing unveils Jersey office
Pershing expects to open its Jersey office before the end of 2011, subject to regulatory approval.
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Updated: Overseas pensions face compensation jeopardy
Money held in offshore banks via overseas pensions schemes may be at more risk than people realise.
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IMA calls on EC not to introduce rules to tackle short-termism
The IMA has written to the EC urging it against introducing rules to deal with weak corporate gov…
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Infinity expands into Hong Kong, adds corp bens division
Infinity Financial Solutions is expanding into Hong Kong and adding a corporate benefits division.
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PCP Int’l expands sales presence globally
PCP International Marketing, a Cyprus-based company, is expanding its sales presence globally.
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Taiwan criminalises distribution and sale of offshore life policies
Taiwan has amended its regulations to end the sale of unapproved life insurance products there.