Indian financial group to demerge wealth management arm
As the latter looks to grow client base by 30-40% every year
Asia
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PEOPLE MOVES: Abrdn, Generali, LGT Vestra
Wealth chief retires from investment giant, while insurer names Hong Kong CEO
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Skybound Wealth Management enters Australia advice market
To provide services to British expats living in the country
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Singapore regulator bans DBS wealth manager for fraud
He was found to have transferred clients’ money to his personal account
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PEOPLE MOVES: Canaccord Genuity WM, UBS, Quilter
Wealth manager names funds CIO, while banking giant boosts family advisory arm
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Trio banned by Hong Kong regulator
After they used false certificates to prove they had minimum requirements to apply to be insurance agents
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Schroders Singapore launches PE fund in Thailand
It will be available to UHNW investors in the country
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Aussie advisory firm sold for A$7.96m
Combined business will have more than 600 advisers and A$16bn in funds under advice
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PEOPLE MOVES: Fairstone, Novia, Stonehage Fleming
Financial planning firm makes c-suite change, as platform hires strategic partnerships director
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Singapore advice firms merge
Deal was agreed on 23 December 2021
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Westpac to sell Australian wealth arm?
It could cost acquirers around A$1.5bn
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PEOPLE MOVES: IWP, Fidelity, PGIM
IFA group makes c-suite change, as investment manager names head of ETF distribution for Europe