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.
Investec
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PEOPLE MOVES: Investec, Ascot Lloyd, Expacare
Investec’s top management is undergoing a generational changing of the guard, Ascot Lloyd has secured an industry heavyweight for its investment committee and medical insurance provider Expacare is bolstering its distribution and marketing.
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Investec expects profit hit from S. African retail investment
Investec has moved to reassure investors that its exposure to the Steinhoff Group of companies will result in a maximum potential loss of around 3% of group post-tax operating profit after the South African retailer was accused of accounting irregularities.
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Investec Life launches in South Africa
Investec has added life insurance to its banking and investment services offering in South Africa.
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Money matters as much as love in later life marriages
Money is as much a factor as love in later life marriages according to research by Investec Wealth & Investment.
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Divorce rate pushes women to seek advice
Greater numbers of UK women are seeking financial advice due to increasing rates of divorce and the rise of female entrepreneurs, but the industry still lacks diversity and is struggling to attract female IFAs.
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PEOPLE MOVES: White House, Legal & General, DIFC
Political firework Anthony “the Mooch” Scaramucci may return to the investment world after being fired as White House communications director. Legal & General Insurance has created a managing director role focusing on fintech, while a former deputy chief justice of the DIFC court has died.
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PEOPLE MOVES: Cazenove Capital, Legg Mason, Investec AM
Schroders’ Cazenove Capital has appointed a UK chief executive, while Legg Mason has named a head of UK sales. Investec Asset Management has raided Threadneedle for a portfolio manager for its UK smaller companies fund.
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PEOPLE MOVES: Neptune, Lombard Odier, Schroders, SLI
Neptune Investment Management’s China fund manager exits after 10 years as Lombard Odier announces a new chief executive for its Asia division. Schroders hires an investment heavy hitter to the newly created role of head of global sales while Standard Life bolsters its multi-asset team.
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South Africa’s Investec to expand into life insurance
South Africa-headquartered asset manager Investec has announced it will expand into offering life insurance to its clients.
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Value beats volume for commodities companies, says Investec
Instead of focusing on growth, the commodity and resources sector now stresses profitability, said Investec’s Tom Nelson.
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Advisers still wary of giving DB transfer advice
UK advisers remain wary of defined benefit (DB) pension transfers due to the risks associated with challenges to historic advice, research has found. This is despite two thirds of advisers expecting a “big increase” in client enquiries about DB to DC transfers over the next 12 months.