PEOPLE MOVES: CII, Private Client Consultancy, IWP
Professional body names president, as advice firm hires head of network
Asia
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AIA buys 25% stake in Chinese life insurer for $1.86bn
Deal allows the group ‘to capture additional distribution channels and customer segments’
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Standard Life sells 5% stake in HDFC Life
Remaining shareholding is now 3.89%
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PEOPLE MOVES: 7IM, National Friendly, Julius Baer
Head of financial planning leaves DFM, as mutual society names CEO
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MENA wealth management remains resilient
‘Concepts such as ESG/sustainable investing, and green sukuk are also rising in prominence and gaining investor interest’
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Advice ‘consortium’ buys Aussie wealth manager
It is the group’s eighth deal globally
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Pensions platform raises £165m to fund global push
And expand offering across the UK, US, Australia and the Middle East
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Zurich sets up life company in Hong Kong
And it will roll out two products and two platforms to the market
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Singapore bank bolsters digital wealth solution offering
‘Consumers can feel overwhelmed by a plethora of products’
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UK wealth manager open to M&A talks with advice firms globally
It is already ‘in exclusive due diligence on two potential deals in two international markets’
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Schroders Singapore partners with investment platform
To create digital wealth solutions in southeast Asia
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AIA receives regulatory approval to set up Hubei operation
It is an ‘important next step in our geographical expansion strategy in mainland China’