Credit Suisse to set up wealth operation in China
It will reportedly start offering services in the country next year
Asia
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PEOPLE MOVES: MFSA, Cayman Finance, UBS
Regulator names acting CEO, as promotional body hires chief executive
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Australian advice trade bodies eye merger
To provide a ‘united voice and stronger advocacy’ to their members
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Global wealth manager unveils Tokyo office
To bolster its offering for US expats
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Global pension provider expands UK footprint with acquisition
Combined group will have total AuM of over £4bn
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PEOPLE MOVES: Sandringham FP, Novia Financial, Pershing
CEO to leave advice firm, as platform hires chief technology officer
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Aussie investment firm sold to rival group for A$2.5bn
They will merge to create a ‘global leader in multi-boutique asset management’
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Allianz eyes asset management joint venture in China
It has reportedly held discussion with several banks in the country
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PEOPLE MOVES: Credit Suisse, Ascot Lloyd, Hawksmoor
Swiss banking giant reshuffles c-suite, as IFA firm names head of adviser academy
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PEOPLE MOVES: Citi, IQ-EQ, Canaccord Genuity WM
Bank names Hong Kong and Macau CEO, while financial services provider hires group head of insurance
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Hong Kong and Singapore investors unprepared for retirement
As 64% say they lack understanding about how to manage the wealth transfer effectively
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Abrdn sells £225m stake in Indian asset manager
But it will keep a 10% share in the company