PEOPLE MOVES: Eastspring Investments, MetLife, KW Wealth
The New Year is off to a strong start as four firms make changes at the top
Asia
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Goldman Sachs acquires Nutmeg stake
While beleaguered Hong Kong advice firm Convoy ups its investment ahead of local push
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Australian court shuts two financial services firms
Director banned from providing financial services for 25 years after ‘blatant misuse of investor funds’
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Australia changes qualification standards for foreign advisers
Foreign certifications will now be assessed and translated into Australian equivalents
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Chinese court to investigate Hong Kong asset transfers
Businesses have been moving their assets to Hong Kong after collapsing in China
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Australian adviser surge predicted after industry changes
But rapid career progression within wealth management is slowing down
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PEOPLE MOVES: Sanlam, BNP Paribas AM, Stonehage Fleming
RL360 parent hires corporate integration specialist as its awaits Friends Provident Int’l deal completion
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Hong Kong signs fund distribution agreement with Luxembourg
The MoU expands the Hong Kong regulator’s mutual recognition of funds network to five
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Hong Kong investors snub ESG products
Misperceptions and a general lack of understanding of ESG products are the reasons for scant interest
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Aberdeen Standard takes $13m stake in life insurer
Digitally-focused insurance company eyeing south-east Asia expansion
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Financial advisers second best for six million Australians
Survey found friends and family were the best sounding board for financial advice and investments
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DFMs stick by Japan despite failed outperformance forecasts
Lindsell Train was the only fund in the sector to deliver positive returns in 2018