Robo-advice and wealth management mobile apps are taking off in China, with a report from Boston Consulting Group showing online wealth management services have experienced 50% annual growth over the past five years.
France-based Lombard Odier is to take over a Credit Suisse luxury product fund as part of a plan to expand into the sector.
Fulcrum Asset Management has launched the Diversified Liquid Alternatives fund, which it said will have a significant ESG research input.
Sanlam UK has launched an inheritance tax service that enables clients to mitigate liabilities and generate long-term growth by investing in smaller companies on the Alternative Investment Market.
A low return environment is fuelling appetite for private equity and real estate funds, according to research by BNP Paribas Wealth Management.
The UK’s national reporting centre for fraud and cyber crime has warned the public about the growing number of criminals using the reputations of prominent people linked to business and finance in cryptocurrency scams.
Online advertisements promoting cryptocurrencies and initial coin offerings will be banned on Google, the tech giant has announced.
Changes to the legislative framework for investment funds could create an additional barrier to cross-border fund distribution, the European Fund and Asset Management Association (Efama) has warned.
Anyone with information that leads to the arrest of would-be cryptocurrency thieves stands to collect $250,000, after the exchange that was attacked placed a bounty on the hackers’ heads.
Nedbank Private Wealth is changing its managing director, Prudential appoints a chief risk officer and HSBC names its head of financial crime risk transformation for the Isle of Man and Channel Islands.
Bitcoin, ether and other digital currencies are to come under scrutiny in the UK after the Treasury Committee announced on Thursday it has launched an inquiry into digital currencies and the technology behind them.
Owners of virtual currencies are being targeted in reality, with growing reports of in-person attacks to force people to transfer their cryptocurrencies to anonymous online wallets owned by their attackers.
