HSBC faces lawsuit for ‘misrepresenting’ Disney investments
Investors have accused the bank of using their money to pay out scheme promoters, law firm says
HSBC
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Shanghai-London stock link to launch next week
The programme would allow investors to buy stocks indirectly through depositary receipts
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PEOPLE MOVES: Allfunds, Tilney, HSBC GAM, Nucleus
Europe’s largest fund platform unveils big push into Asia after Latam expansion
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Advisers may lose clients if they fail to embrace ESG
IFAs need to factor in younger clients’ concerns but a survey shows advisers want better ESG fund ratings
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PEOPLE MOVES: Alexander Forbes, Fidelity, M&G Prudential
South African advice firm moves quickly to replace ousted chief executive
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Swiss leaks whistleblower dodges latest extradition bid
Spain rejects second attempt by Switzerland to hand over former HSBC anti-tax evasion crusader
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HSBC unveils Asia wealth strategy
HSBC has revealed plans to expand insurance and wealth management divisions in China as part of strategy refresh.
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Whistleblower in HSBC tax evasion case set free after arrest
A whistleblower who leaked more than 100,000 records from HSBC’s Swiss private banking arm, which led to tax evasion probes across the world, was arrested in Spain but released a day later.
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PEOPLE MOVES: Nedbank, Prudential and HSBC
Nedbank Private Wealth is changing its managing director, Prudential appoints a chief risk officer and HSBC names its head of financial crime risk transformation for the Isle of Man and Channel Islands.
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PEOPLE MOVES: Jupiter, HSBC and Clyde & Co
Jupiter Asset Management appoints a head of multi-asset strategy, Clyde & Co expands its Middle East operation and HSBC hires a managing director for Sweden.
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PEOPLE MOVES: Cigna, River & Mercantile, Quilter Cheviot
Cigna has named a chief executive for Europe, while Rivers and Mercantile parted ways with a lead manager over conduct issues and Quilter Cheviot added three to its investment team.
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PEOPLE MOVES: HSBC Private Bank, Deutsche Bank, Savills IM
HSBC Private Bank has appointed a head of Luxembourg, Deutsche Bank Wealth Management has appointed a team to lead its non-resident Indian offering in Singapore and Savills IM pivoted toward Asia with series of senior moves.