Ten Singapore-based advisory firms have been issued a proposed infringement decision (PID) over claims they jointly pressured a fellow adviser to withdraw an offer for a 50% commission rebate on life insurance products.
Friends Provident International, a major player in the Asia and the Middle East markets, will emerge from its takeover by UK insurance giant Aviva largely unscathed, according to Chris Wei, Aviva’s Asia chairman.
A former UK company director who produced false documents designed to deceive creditors into financing his firm is facing extradition and a prison sentence after he fled to South Africa.
Manulife Singapore has launched a regular premium investment-linked plan designed to help clients grow their wealth by investing 100% of the premium right from the beginning.
Manulife Singapore has appointed a new chief operations officer to oversee its new business and strategic technology.
London-headquartered Jupiter Asset Management hopes to sign four distribution deals in the next 12 months as it looks to expand its retail business in Asia.
Coutts International’s chief executive Alexander Classen has left the private bank following its sale in March.
In 2007, financial advisory firm Global Financial Consultants decided to uproot from its home in Sydney and move the whole company to the city state of Singapore, a place that had become ripe for business opportunities.
Brooks Macdonald has relaunched its multi-asset fund range, introducing three new currency share classes to help drive the growth of the firms international offering.
Isle of Man-based insurance giant, Friends Provident International (FPI), has launched a new financial planning proposition tailored to British and Australian expats to complement its non-Indian resident (NRIs) initiative.
Craig Ellis, head of region at Old Mutual International in Singapore and Southeast Asia, has decided to leave the life company to pursue opportunities outside of the group.
Even as Switzerland remains the worlds largest wealth management centre, other locations such as Hong Kong, Singapore and the US are also catching up rapidly, according to research from Deloitte.
