Old Mutual Wealth has today signed an agreement to buy the Singapore-based expat-focused financial advisory firm AAM Advisory as part of its plans to concentrate the Old Mutual International business on only two core markets in North and Southeast Asia.
Intrinsic, part of Old Mutual Wealth (OMW), has acquired the Financial Adviser School from Sesame Bankhall Group (SBG).
Old Mutual Wealth-owned adviser network Intrinsic is believed to have begun talks to buy Tenet, according to UK media reports.
OMGI and Deutsche Bank have announced promotions, while Ashburton Investments and Elian have made senior appointments. After departing The Investment Association, former chief executive Daniel Godfrey has joined the advisory board of a fintech startup.
There would be widespread support from international advisers for the UK’s Department for Work and Pensions (DWP) to reassess changes to overseas pension transfers, according to research from Old Mutual International (OMI).
Board and senior appointments were the name of the game this week with Momentum Pensions and Brown Advisory adding to their boards, while Old Mutual International and Sun Life were among those announcing changes at senior levels.
Beechwood Bermuda, a provider of international investment plans, has completed its acquisition of Old Mutual (Bermuda), which had insurance and investment products with over $1bn in assets.
The appointment merry-go-round has begun to turn in 2016; with Aviva Investors, Old Mutual Global Investors, and BNP Paribas Securities Services among those announcing appointments, promotions, and departures.
Old Mutual International has launched a new international life assurance bond aimed at high net worth investors in the UK.
At an International Adviser roundtable in Dubai, life companies agreed one thing is certain, large scale regulatory change for the region is in the air.
Old Mutual calls for the UK government to find ways to decrease the wealth management industry’s regulatory burden, in response to the Financial Advice Market Review.
Old Mutual International has created a new head of distribution development role in London to help support international financial advisers seeking to transform their businesses to deal with the changes sweeping the sector.
