PEOPLE MOVES: Eastspring, Aberdeen Standard, Axa IM
Prudential subsidiary hires CFO and head of intermediaries, as asset manager names global insurance head
Asia
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BNP Paribas WM sells off Singapore trust business
But the French bank will continue to offer its clients wealth management services
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Goldman Sachs to create consumer & wealth management arm
As it realigns and renames its four core business segments
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PEOPLE MOVES: Singlife, Deutsche Bank WM, UBS
Deputy CEO hired at Singapore insurer, as German wealth manager targets UK family office growth
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Australian wealth firm sells advice and life arm
For A$2.5m and advisers will be able to keep working for the acquiring company
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DBS adopts MSCI ESG Ratings for its wealth business
Singapore bank to offer clients greater transparency over the characteristics of their portfolios
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Hong Kong regulator fines Fidelity and Adamas
SFC slaps asset managers with penalties for breaching regulations
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Amundi creates joint venture with Bank of China wealth arm
After receiving approval from the Chinese regulator
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Westpac fined A$9.15m over poor financial advice
Federal Court of Australia said former adviser breached best interest duties
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Challenges abound in China’s newly established advisory scheme
Shifting away from the model where third-party channels get more fees if they are able to sell more funds
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Australian firm stops managed discretionary account services
Following imposition of tailored licence conditions by regulator
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Aussie regulator to take NAB to court over fees
Bank has set aside more than A$2bn for customer-related compensation