Kleinwort Benson Investors sets up office in Boston
Dublin-based asset manager Kleinwort Benson Investors has opened an office in Boston, Massachusetts, as part of a key strategic move to grow its business in North America.
Regions
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Italy is land of opportunity for Goldman Sachs
Goldman Sachs Asset Management is targeting Italy as its biggest growth opportunity for its Luxembourg SICAV, five years after kick-starting a strategy to work with the mutual fund distributors at a local level.
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Amundi takes aim at demand for targeted returns
Amundi’s new Multi Asset Global Fund for international investors aims to satisfy growing demand from financial advisers for an all-in-one solution for clients willing to take moderate risks, said Éric Tazé-Bernard, the fund management company’s chief allocation adviser.
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Hansard adds two Guinness funds
Isle of Man-based life assurance company Hansard International announced Tuesday that it has added two Guinness Asset Management Funds to its internal unit fund range.
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Zurich expands general insurance offering in Hong Kong
Swiss-based insurer Zurich has moved to strengthen its business in Hong Kong with an agreement to buy Kono Insurance, an authorized general business insurer.
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Calls resurface for new UAE industry body
The idea of an industry body to represent asset managers based in the Middle East in dealing with regulators and government departments may be about to resurface.
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Skipton International launches new two-year bond
Skipton International, a Guernsey-based offshore bank, on Monday announced that it has launched a new two-year savings bond offering, in what it describes as one of the most competitive rates in the market.
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IFA lobbyist calls for new industry regulator
Garry Heath, the head of IFA industry body Libertatem, has called for the formation of a new regulator to be considered as part of the government’s Financial Advice Market Review (FAMR).
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Praxis launches closed-ended investment company
Praxis Fund Services, part of Guernsey-based independent financial services group PraxisIFM, announced on Monday that it has launched a new closed-ended investment company with an indefinite life.
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France social tax ruling ‘lacks clarity’
The full extent of a ruling which has left France liable to refund non-French residents who have unduly paid social charges on unearned income is “not entirely clear”, according to Blevins Franks’ Jason Porter.
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MiFID II costs will create a ‘squeezed middle’, predicts Deloitte
MiFID II will have significant and wide-ranging implications for the strategy, operations, conduct, and governance of a wide range of firms in Europe, even ahead of its implementation on 3 January 2017, according to Deloitte.
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Aberdeen dismisses sale rumours out of hand
Aberdeen Asset Management has firmly denied rumours it is looking for a sale.