China ready to allow foreign insurance company ownership
Move will take three years but Chinese regulator will accept applications from 2019
Sun Life
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PEOPLE MOVES: Franklin Templeton, Axa, FCA
Franklin Templeton appoints a lead manager for emerging markets team, Axa IM launches a business development department and the Financial Conduct Authority appoints an executive director of international to oversee Brexit developments.
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PEOPLE MOVES: Sun Life, Irwin Mitchell, Sanlam and others
Sun Life appoints for HNW strategy in Hong Kong, Irwin Mitchell boosts its offshore and tax practice and Sanlam appoints from Neptune.
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PEOPLE MOVES: AMP, Aviva, Sun Life Financial
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.
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Phoenix Group on growing and consolidating its brood
Having bought Axa Wealth and Abbey Life in 2016, Phoenix Life chief executive Andy Moss tells International Adviser about the group’s consolidation history and how it brings all of its new business on board.
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PEOPLE MOVES: RBC WM, Moola, Ascot Lloyd
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.
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PEOPLE MOVES: SLI, UK, Kames, Sun Life, Edge Investments
SLI has hired a new emerging market portfolio manager as UK government hires former Aviva UK chief executive as its older workers tsar. Sun Life in Hong Kong appoints new head for its high net-worth clients (HNW) division as specialist investment house Edge recruits two new industry heavyweights.
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Canada’s Sun Life to expand into Singapore and Thailand
The Hong Kong arm of Canada’s Sun Life Financial plans to expand into Singapore and Thailand in a bid to widen the insurer’s presence in Asia, Reuters has reported.
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PEOPLE MOVES: Schroders, Royal London, Fidelity Int’l
Schroders has created a global head of strategy role, while Royal London has appointed a managing director of its Ireland business. Fidelity International is bidding adieu to a veteran portfolio manager, with Indosuez naming a new chief executive.
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Sun Life Financial to buy FWD Hong Kong’s pension business
The Hong Kong arm of Canada’s Sun Life Financial is to acquire the pension business of FWD Group and enter into an exclusive 15-year distribution agreement that will allow Sun Life HK to distribute its pension products through FWD’s agency force in Hong Kong.
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Strong half year for Architas, Axa remains resilient
Asset manager Architas reported a 52% increase in total assets in the first half of 2016, while parent company Axa Group recorded stable revenue and underlying earnings, with net income up 4% against the same period last year.
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Axa restructures, sells last UK operations to Phoenix
French insurance giant Axa announced the sale of the remaining parts of its UK business to the Phoenix Group on Friday, and unveiled a new-look global business structure from incoming chief executive Thomas Buberl.