Aussie regulator sues AMP for allegedly charging dead clients
It claims five subsidiaries were ‘involved’ in taking money from more than 2,000 life and advised customers
Asia
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Is it finally the era of Japanese equities?
‘Corporate debt is fairly low and companies, on the whole, are managed sensibly and conservatively’
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PEOPLE MOVES: Fairway Group, Calamatta Cuschieri, Schroders PW
Jersey firm makes c-suite changes, while Malta-based company names head of private clients
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Goldman Sachs sets up wealth JV with China partner
It will develop a range of products for domestic investors
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How did world’s biggest vaccine producer fall so badly behind?
If rollout does not speed up – it could take years to inoculate 70% of India’s population
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Aussie healthcare provider expands UK footprint with £1bn deal
Acquisition will be carried out via its British subsidiary
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Edelweiss names head of external asset managers
He previously founded a wealth management start-up
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Swiss asset manager opens Singapore office
It will be headed up by a recent hire from Templeton Asset Management
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Indonesia to increase taxes for high net worth individuals?
As government puts forward proposals for key reforms
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PEOPLE MOVES: Aviva Singlife, River and Mercantile, AssetCo
Singapore insurer names group CEO, while UK investment company hires executive director
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Hong Kong eyes crypto retail trading ban
Regulator has proposed restrictions on cryptocurrency exchanges in the territory
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Deutsche Bank opens ESG centre in Singapore
To focus on product development and advisory services across the business