Aviva Investors has appointed a head of marketing for Asia Pacific, while Vam Funds has named an investment director. A JP Morgan and Goldman Sachs alum has joined Robeco as head of global distribution and marketing.
Are risk-targeted multi-asset funds going to be as popular overseas as they have been in the UK?
Insurer Aviva has announced it will sell its stake in two of its Italian businesses to Italy’s Banco BPM, the country’s third largest lender.
Investment giant Standard Life Aberdeen has hired a director for its onshore China business, while HSBC Private Banking has appointed a head of funds and Etfs and Aviva Investors has added a head of multi-asset products.
The Vietnamese Government is planning to make it easier for international life insurance companies to operate in the local market, deputy prime minister Dinh Hue Vuong has said.
Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
UK insurance giant Aviva and Chinese tech firm Tencent are seeking regulatory approval for a new joint venture partnership along with private equity firm Hillhouse Capital, which plans to develop an online insurance company in Hong Kong.
Former Friends Provident International Singapore managing director Chris Gill has joined St James’s Place Wealth Management Asia as development director to the international business.
Chris Divito, the former head of Standard Life in the Middle East and currently working at the DIFC, is to take over from Marcus Gent as managing director of Friends Provident International in Dubai.
Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.
An Old Mutual director is to run for president of Zimbabwe, while Old Mutual Asset Management and Axa Asia are both losing their chief executives. Deutsche Bank Wealth Management has appointed a former Coutts & Co chief executive to head up its UK business.
BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.
