JTC extends shopping spree with Signes deal
Fund services provider JTC had added to its growing acquisition list with the purchase of Luxembourg-based Signes.
Regions
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Guernsey Finance appoints first Middle East representative
Guernsey Finance, the body which promotes the island’s finance industry internationally, has appointed its first Middle East representative.
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Invesco reveals pronounced change in ME expat behaviour
A big change in investor behaviour among Middle East expats has occurred over the last year, says Andrew Downing, regional sales manager of Invesco Asset Management, in a video interview.
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Singapore U-turns on fund passport regime due to unfair tax rule
The Monetary Authority of Singapore said it backed out of a fund passport initiative because the legislation failed to address inequalities in the tax treatment of local and foreign investors.
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Communication toughest challenge for fund managers
European asset managers have said effective communication is their greatest challenge, superseding compliance, competition, and even market volatility.
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Investors can opt-in to Singapore safeguards under new rules
Wealthy Singapore investors will be able to choose their own level of regulatory protection when new rules come into force next year.
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FCA fines former Keydata exec £350,000
Former Keydata Investment Services finance director Craig McNeil has been fined £350,000 and banned from performing any role of “significant influence” relating to life settlement bond sales that took place six years ago.
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Fund houses wary of China reform
China has been under scrutiny over the past few weeks, and it seems industry sources have a growing concern over the government’s economic reform efforts.
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Edmond de Rothschild hires Allianz man Lee to spearhead UK push
Edmond de Rothschild Asset Management has hired Allianz Global Investors sales director Daniel Lee to lead a new push into the UK market.
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Zurich Insurance scraps RSA takeover plans
Zurich Insurance has abandoned plans to buy RSA Insurance Group after making a £5.6bn bid for the rival company last month.
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‘All bets off’ on Fed’s next rate rise
The US Federal Reserve’s decision to hold interest rates in the 0-0.25% target range was met with muted response by investors, not surprised by the dovish tone.
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EXCLUSIVE INTERVIEW: Brooks Macdonald Int’l wins $40m South Africa deal
Channel Island-based Brooks Macdonald International has won a mandate to manage half of a South African trust company’s offshore portfolios, less than four months after acquiring an intermediary licence.