dexia am opens in dubai
Dexia Asset Management has opened its first office in Dubai as it plans to broaden its distribution in the Middle East and North Africa region.
Regions
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nikko am plans tokyo flotation
Nikko Asset Management, the Japan-based fund manager which is seeking to expand its footprint in southeast Asia, plans to list on the Tokyo Stock Exchange next month.
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prudential rebrands asia asset management arm
Prudential is re-branding its Asia asset management operations Eastspring Investments, as it plans to expand its offering in Europe and Asia and to enter the North American market.
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manulife to enter cambodia market
Canadian insurance giant Manulife said it has received approval in principle from Cambodias Ministry of Economy and Finance to set up a wholly foreign-owned life insurance operation in the country.
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citi and bosera unveil china balanced
Citigroup First Investment Management and Bosera International have teamed up to launch China Balanced, a Cayman Islands-domiciled unit trust investing in China-related equities and bonds.
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feifa links with aussie expat service
The Federation of European Independent Financial Advisers has formed a joint initiative with Elston Partners, a Brisbane-based advisory firm specialising in Australian expatriates.
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manulife strengthens ties with bank of china
Manulife Financial, the Canada-based insurance giant, has signed a new framework agreement with Bank of China, which it says will run for a minimum of two years.
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guernsey iom downgraded by s and p
Credit ratings agency Standard & Poors has downgraded Guernsey and the Isle of Man from AAA to AA+, outlook stable, owing to concerns over their external vulnerability and lack of monetary flexibility.
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expats in china brace for new expat tax
China is putting the finishing touches on a new regime for taxing foreign workers as it continues to build its social services infrastructure.
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us expats hold uncitizenship event in canada
What is said to have been the first citizenship renunciation meeting ever held in Canada took place at the US consulate in Toronto last month, as some 22 Americans sought to end once and for all the hassle of being a US expat, the Canadian Globe and Mail reported yesterday.
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aegon enters arbitration with spanish retail bank
Dutch life insurer Aegon has entered in to arbitration with Spanish retail bank, Caja de Ahorros del Mediterráneo (CAM), in order to exit a partnership with the bank after it failed to make the required business returns in a distribution agreement.
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hong kong regulator issues clarifications
Hong Kongs regulator has warned banks and other authorised institutions that it is increasing its scrutiny of renminbi trading, as part of an effort to ensure that such trading conforms with regulations aimed at preventing speculation in the Chinese currency.