DeVere poaches Guardian manager in Middle East
The manager for Guardian Wealth Management’s Abu Dhabi office is to return to the deVere Group, with almost immediate effect.
Middle East
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Fraudsters posing as Dubai International Finance Centre
The Dubai Financial Services Authority (DFSA) has issued a warning to the financial services community and the public about a scam using fake emails and documents purporting to come from the DIFC.
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Offshore specialist in Middle East and Africa expansion
Offshore financial services specialist Ocorian is to acquire ABAX, an integrated advisory, corporate and business services provider based in Mauritius.
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RL360° revamps Lebanon protection product
Isle of Man-based life company RL360° is launching a Lebanese-specific version of its LifePlan product to replace its current Protected Lifestyle Lebanon plan.
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Half of professional athletes fail to seek financial advice
Almost half of professional athletes have given no thought to planning their finances for when their sporting careers end, according to findings from Old Mutual Wealth’s Financial Adviser School (FAS) and MA Sports consulting (MA).
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BlackRock launches high yield bond fund
BlackRock has launched a fixed-term high yield bond fund, which primarily invests in US dollar denominated high corporate bonds with five-year maturities.
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Who needs the new UAE promoter’s licence?
The UAE has introduced more regulations to clarify the rules surrounding the promoter’s licence, but while applications are already in, some areas could still be open to interpretation.
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PEOPLE MOVES: Metlife, Aviva and WH Ireland
WH Ireland appoints a chief operating officer from Brewin Dolphin, Aviva expands its emerging markets debt team and Metlife names a new head of its global employee benefits team.
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Dubai adviser convicted in landmark criminal case
A financial adviser from the UK has been convicted of running a business in Dubai without a licence, in what is understood to be the first conviction of its kind in the UAE.
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Hansard shows Q2 growth despite Middle East decline
Hansard Global is still recovering from losing a major distribution partner in the Middle East, as it reports low-level growth in new business premiums for the second half of 2017.
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PEOPLE MOVES: Julius Baer, Deutsche Bank and MMI
Julius Baer appoints a managing director from Barclays, MMI makes significant changes to its leadership team and Deutsche Bank hires a head of UK client advisers.
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Globaleye committed to Asia just not HK for now, Searle says
The impact of new regulations and the high cost of operating in Hong Kong prompted international advice firm Globaleye to make the strategic decision last year that its local operation had no “viable future”, says chairman Tim Searle.