1MDB sues Deutsche Bank, JP Morgan and Coutts to recover $23bn
As part of 22 legal claims for ‘negligence, breach of contract, and conspiracy to defraud’ the fund
Latest news
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PEOPLE MOVES: Aegon, Stonehage Fleming, Willis Owen
Pension firm Netherlands CEO departs, while family office hires head of estate planning
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STM expects £3.6m hit from Carey compensation
But firm says acquisition pipeline is ‘active’ and will be ‘pillar for future growth’
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HSBC eyes hiring spree in Asia wealth business
As part of the bank’s $6bn investment in the region
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78% of Brits over 60 do not have an estate plan in place
But 72% intend to pass assets to their children after they die
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STM sells Jersey trust businesses for £1.86m
To ‘focus on core activities of pension administration and provision of life assurance wrappers’
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US in the news: Coldstream WM and Paracle Advisors merge
A round-up of people moves and M&A deals across North America
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NAB sale of wealth arm to IOOF approved
A$1.4bn deal could not go ahead until Aussie regulator gave green light
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PEOPLE MOVES: Mirabaud, C Hoare & Co, Jupiter
Investment firm names CEO of UK wealth management, while private bank makes senior hire
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Aviva expands advice offering
It currently provides pension, annuity and DB transfer support
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Two-thirds of Middle East advice firms looking to buy
But what do they make of the regulatory merger and changes to inheritance and divorce laws?
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SimplyBiz unveils online protection hub
‘Advisers have long understood that protection is the cornerstone of robust financial planning’