Faced with an increasing pressure on margins and the cost of regulatory compliance, EY gives five tips on how wealth managers can change their business models to weather the storm of digital disruption.
The UK Treasury is on the hunt for a director general to help navigate the post-Brexit landscape, Axa Investment Managers has added to its UK equities desk, while Brooks Macdonald has strengthened its Channel Islands team.
Financial advisers are in for a tough time following the UK’s vote to leave the European Union, according to a report from professional services firm EY.
FPI has confirmed the departure of Singapore managing director Chris Gill and named his replacement. Zurich has made several senior changes of late, including handing the reins of its MEA Global Life business to Walter Jopp. Axa France’s chief executive and chairman is to depart, while Deutsche Bank’s co-chairman of the management board is to…
When it comes to a move toward electronic fund distribution, for the asset management sector, change is mandatory, says EY.
BNP Paribas Securities Services has formed an alliance with Ernst & Young and is now using the accountancy firm’s global distribution tool to help it tap into different markets.
EY’s seven ways MiFID II will affect asset and wealth managers
Assets under management in the UK wealth and asset management sectors are expected to rise 6.5% per year between 2015 and 2018, EY said in a recent ITEM Club financial services forecast.
Actively managed funds and solution-based products are expected to drive an “exuberant” annual cash growth into new products over the next five years, but risk being “hampered” by retail investors’ lack of understanding about products.
International accountancy firm Ernst & Young has been fined by the Dubai Financial Services Authority, while it is also facing action from the Securities and Futures Commission of Hong Kong.
Hong Kongs Securities & Futures Commission has taken legal action against the Hong Kong arm of UK-based Big Four accounting firm Ernst & Young, for failing to produce key accounting records of a mainland company that had sought a stock market listing in Hong Kong three years ago.
