Mauritius signs MoU with India stock exchange
Mauritius has entered into an agreement with India’s national stock exchange, as the island looks to sharpen its approach to surveillance in the financial services industry.
Regions
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Deutsche AWM hires Albert Trinkl to boost Middle East growth
Deutsche Asset & Wealth Management, part of the Deutsche Bank Group, has hired long-standing Middle East expert Albert Trinkl to develop the bank’s business and asset management client base in the region.
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CIMB-Principal passports first ASEAN cross-border funds
Kuala Lumpur-based fund house, CIMB-Principal Asset Management, has passported the first funds under the ASEAN collective investment scheme (CIS) framework.
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Bedell Trust takes majority stake in Singapore business
Jersey-headquartered Bedell Trust has acquired a majority stake in Singapore Trust Company (STC) as part of its expansion plans in Asia.
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New IA working group to investigate fund manager pay
The Investment Association, which represents the UK’s £5.5trn investment management sector, is to examine executive pay across the industry in a bid to simplify what it acknowledges are complex structures.
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RSA to sell Latin American arm for £403m
UK-headquartered RSA Insurance Group is to trade-in its businesses in Latin America for £403m as the firm continues the sell-off of its non-core operations.
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Allfunds platform expands with new Latin America office
Allfunds Bank, one of Europe’s largest open architecture mutual fund platforms, is opening a representative office in Bogotá, Colombia.
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Profile Software announces Middle East expansion
Specialist wealth management software provider, Profile Software, has announced plans to expand across the Middle East following good demand for its IMSplus platform.
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Gibraltar signs cooperation agreement with BVI
Gibraltar has signed a memorandum of understanding with the British Virgin Islands in a bid to improving the exchange of information between the two jurisdictions.
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Ashmore founder Booth launches EM boutique
Ashmore Group founder Jerome Booth has launched an emerging markets-focused boutique asset management firm which will initially target opportunities in Africa.
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Fund manager Yong Wei Lee sees MENA pick up by year end
With Saudi Arabia now open to foreign investment, fund manager Yong Wei Lee, who runs the Emirates MENA Top Companies Fund, is looking to capitalise on the region’s strong potential.
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Aberdeen buys Parmenion to assure fintech future
Fund group Aberdeen Asset Management has acquired Parmenion Capital Partners and its sister company, Self Directed Holdings, in a bid to bolster its financial technology offering.