Dubai regulator names next CEO
Key appointment made to succeed Ian Johnston at the DFSA after global search
Middle East
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US asset manager State Street Corp expands in UAE
Fund management giant to open office in the ADGM, sees Saudi Arabia as major engine for growth
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DeVere launches investment app
The fintech proposition allows clients to be more ‘hands on’ with their investments
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Data reveals global pension crises looming
As public pensions fail to cover basic living costs, more people need to start investing in private pensions
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Columna Fund investigator calls for Lux’bourg regulator action
Negligence by directors claimed as fund took investors money after problems known
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Two extradited to face fraud charges in Jersey
Bahrain and the UK cooperated to ensure the men stand trial over an alleged multi-million pound fraud
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Only 1% of consumers using robo-advice
Despite many fintech firms proclaiming robo-advice growth, a major survey by GlobalData has revealed that, across the generations, only 1% of consumers are using the technology to invest.
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PEOPLE MOVES: Abacus Financial Consultants, Butterfield, Nucleus
Abacus Financial Consultants head of recruitment joins recruitment boutique, Butterfield appoints for Asia push and Nucleus names two non exec directors and remuneration chair.
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Hansard’s Bahamas operation to service Latin America growth
Hansard Global’s recently announced Bahamas operation will be used to support its “rapidly growing” Latin American client base, according to the specialist long-term savings providers latest results.
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Zurich launches fixed-term fund range for Middle East
Zurich Middle East has launched a set of funds that will have fixed end dates to allow clients to save for a specific goal.
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UAE advisers may be next for a cold-calling ban
Financial advisers in the Emirates could be caught in a ban on telesales, if a ruling by the country’s property regulator is copied for financial services.
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Zurich disputes UAE life insurance cost disparity claims
Zurich Insurance has played down grumblings from some IFAs in the UAE that they are not being treated fairly by the firm’s strategy of distributing its life products through both bank and financial adviser channels.