insight re jigs currency team as department head
Insight Investment is making changes to its currency management team following the announcement that head of currency Dale Thomas is leaving the firm.
News
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Facebook founder renounces US citizenship
One of the founders of social networking website Facebook, has renounced his US citizenship, according to media reports, with many speculating the reason for doing so was financial.
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cheyne launches global credit and real estate
Cheyne Capital Management has launched two new funds targeting global credit and opportunities it sees in the European real estate sector.
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gibraltar goes ahead with plans to revive qrops
Gibraltar has published a bill to amend its its pension regulations, as it seeks to revive its currently dormant QROPS industry confirming reports earlier this year that it was considering such a move.
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commission ban in singapore not a given says
The pending review of Singapores financial services industry may not lead to a ban on commission payments to financial advisers, according to a senior figure leading the review.
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NZ’s SuperLife refutes report it is ending transfers
SuperLife Ltd, the major New Zealand superannuation and financial services provider, has refuted a report that it is not accepting any more transfers into its Kiwisavers QROP scheme.
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royal london 360 confirms shift away from single
Royal London 360° has cemented plans to shift its focus away from the highly competitive and less profitable single premium market to the higher margin regular premium section of the offshore bond market.
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uk platform assets climb 8 to touch 190bn
Assets held on UK platforms used by financial advisers climbed 8% in the first quarter of the year to touch £190bn, according to data released yesterday by Platforum, the London-based platform consultancy.
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martin currie fined by fsa and sec
Martin Currie Investment Management has been fined £3.5m by the FSA for failing to manage a conflict of interest, the largest ever fine of its type.
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singapore authority relaxes rules on sale
The Monetary Authority of Singapore has reduced the number of investment funds which are subject to new investor protection rules which came into force at the beginning of this year.
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most banks will miss fatca deadlines
“Many” US and global banking industry executives believe that the majority of banks required to comply with the Foreign Account Tax Compliance Act (FATCA) will not be ready to meet its deadlines some of which begin on Jan. 1, 2013, a survey conducted by KPMGs US operation has found.
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now hsbc is looking to sell latam operations
HSBC Holdings, the London-based banking giant that has been shedding regional operations for months, said today that it is in talks aimed at selling its operations in Colombia, Peru, Uruguay and Paraguay.