Australia’s largest bank is to lose its chief executive at the end of the next fiscal year, stirring speculation the move might be linked to a money laundering scandal. While, Quilter Cheviot promotes the deputy head of its Birmingham office to the branch’s top spot.
The UK’s Financial Ombudsman Service has upheld a complaint about the unsuitable transfer of investments worth around £200,000 ($260,869, €221,431) made against Attivo Financial Services.
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.
Life insurer Old Mutual International has launched an offshore bond aimed at British expats in the Middle East and Africa which can help them return to the UK without incurring the “deemed gain” tax charge on their overseas investments.
Jersey Finance appoints a former IMF economist as its new chairman while Quilter Cheviot’s Jersey office makes a notable investment hire. HSBC names a new investment strategist on Asia as UBS promotes its head of Asia-Pacific.
Regulation will make the job of a wealth manager “harder and harder” over the coming years, Quilter Cheviot’s Mark Hallam has said.
The Federation of European Independent Financial Advisers (Feifa) has partnered with BNP Paribas Asset Management to promote professional development and training activities.
The Federation of European Independent Financial Advisers (Feifa) has announced a partnership with one of the UK’s largest discretionary investment management firms, Quilter Cheviot.
Australian insurer AMP has completely overhauled its advice business and announced a raft of senior changes, while Aviva Asia and Sun Life Financial both made a series of executive appointments this week.
Following allegations of inappropriate contact, the chief investment officer of Australian wealth manager BT Financial Group has left the business with immediate effect. Other People Moves this week include Quilter Cheviot, Investec, European Wealth and Edison.
Quilter Cheviot’s Alan McIntosh is optimistic about what president Trump will mean for markets but with Brexit and European elections still to come this year, he is hedging some of his bets.
Canada’s RBC has appointed a head of wealth management for its businesses in the UK, the Channel Islands and Asia. Gemma Godfrey’s Moola has poached its chief investment officer from BlackRock, while Ascot Lloyd has created a new head of advice role.
