PEOPLE MOVES: Quilter Cheviot, Rowan Dartington, Indosuez WM
Geoff Cook takes on consultancy role at UK investment manager
Credit Suisse
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PEOPLE MOVES: MIA, Merian Global Investors, MetLife
Manx Insurance Association chairman replaced, while Merian and Metlife make CEO changes
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Credit Suisse denies telling clients to move UK assets offshore
Wealthy clients were reportedly advised to ‘accelerate’ plans to shift investments
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Women account for 40% of global wealth, says Credit Suisse
Investment bank’s Global Wealth Report includes chapter on women and wealth for first time
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Swiss watchdog raps Credit Suisse for money laundering failures
Investigations into Fifa and Brazilian and Venezuelan oil companies revealed ‘deficiencies’
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Indian family businesses vie with the best
Indian family-owned companies are hot on the heels of peers in China and US
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PEOPLE MOVES: Holborn, State Street, Nucleus
Holborn Assets nabs a deVere Acuma wealth manager and Nucleus appoints a head of product development
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Credit Suisse Hong Kong to pay $77m for corrupt hiring scheme
Credit Suisse’s investment bank in Hong Kong will pay a total of $77m (£58.2m, €65.9m) to settle criminal and civil proceedings taken by the US Department of Justice and the Securities and Exchange Commission (SEC) for its role in a corrupt hiring scheme.
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Credit Suisse to pay $47m to resolve Asia hiring probe
Credit Suisse has agreed to pay a penalty of $47m (£35.1m, €40.1m) to the US Department of Justice (DOJ) to end an investigation into whether it hired employees in Asia in return for investment banking business and regulatory green lights.
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Finding value in EMD and alternative fixed income
To navigate the hazards of the bond markets, one fund manager looks to US and emerging market debt for value while a fund selector finds opportunity in alternative fixed income.
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Credit Suisse luxury fund to move to Lombard Odier
France-based Lombard Odier is to take over a Credit Suisse luxury product fund as part of a plan to expand into the sector.
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Ex-Credit Suisse banker banned for hiding beneficial owners
The Monetary Authority of Singapore (Mas) has banned a former Credit Suisse banker for deliberately concealing the identity of the true beneficial owners of three bank accounts.