AMP sells investment business to Macquarie for A$185m
Operation covers fixed income, Australian listed equities, real estate and infrastructure strategies
Asia
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PEOPLE MOVES: DeVere Group, Zurich, Barclays Private Bank
Advice firm names CEO of its electronic money operation, as insurance giant makes c-suite change
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Hong Kong wealth firm unveils AI robo-advisory platform
As it partners with BNY Mellon to provide investment advice
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Higher deductions at source for non-filers of tax returns
NRIs have until 15 July to submit TDS for the fourth quarter of 2020/21
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Wealth tech app enables gram by gram investing in gold
It will be rolled out in India and the UAE
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Westpac sells New Zealand life insurance business
As it enters into a 15-year distribution agreement
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PEOPLE MOVES: SJP, Carrick Wealth, Deutsche Bank
Wealth manager hires director for retirement, while South African firm names regional manager
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Aussie healthcare provider ups bid for UK rival
Firm says that the ‘final’ offer is ‘fair and reasonable’
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UBS invests in Singapore digital wealth platform
Total sum of the start-up’s Series A funding round was $22m
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Help for UK professionals and firms to deliver services overseas
But advisers hoping it will re-open the door to the EU are likely set for disappointment
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Singapore watchdog pursues tougher investigative powers
It would allow the MAS to enter premises without prior notice or a court warrant
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Hong Kong government body sets up family office team
In a bid to attract and promote business in the Special Administrative Region