Franklin Templeton buys global investment firm
Potential value of the deal could reach $1.8bn
Asia
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International advice firm Globaleye sold to Jersey wealth consolidator
As part of a double swoop including an Isle of Man-based financial planning company
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Abrdn sells stake in Indian life insurer
Company will get around £198m from the share buyback process
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Just 42% of family offices globally have a wealth succession plan
As 37% say they have been the target of cyber attacks
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Fullerton Fund Management joins forces with fintech firm
They have jointly acquired an Indonesian asset manager
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PEOPLE MOVES: Verso WM, Fiera Capital, Julius Baer
Wealth firm names CEO, as asset manager hires EMEA chief executive
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Credit Suisse ordered to pay $926m to former Georgia prime minister
Bank says ruling is ‘wrong and poses very significant legal issues’ and it ‘intends to vigorously pursue an appeal’
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What can the advice industry do to fill the talent gap?
There could be ‘shortage of advisers in the coming years’ as 76% set to exit sector within a decade
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PEOPLE MOVES: Vontobel, Lazard AM, Progeny
CEO to leave financial services giant, while chief executive of Middle East steps down from asset manager
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FWD signs bancassurance partnership deal in Macao
To help bolster bank’s wealth management offering
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AMP hit with A$24m fine for charging deceased customers
Several subsidiaries continued to charge premiums and fees on their super accounts
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Rothschild creates private markets operation for wealth unit
It aims to roll out offering across its key regions