nexus expands team with three new employees
Nexus Insurance Brokers, one of the largest broker firms in the Gulf region, has restructured its management team after making three hires from the UK.
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us banking behemoth wells fargo plans
Wells Fargo has reportedly drawn up plans to build its international operations.
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hk commissioners letter reignites issue
A letter sent last week by Hong Kongs Commissioner of Insurance to Hong Kong’s insurance industry practitioners has sparked surprise and frustration among many independent insurance brokers and IFAs, with its implication that commission disclosure is to be fully compulsory within two months.
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aberdeen takes on first brazil specific mandate
Aberdeen Asset Management is to take on the management of two Credit Suisse funds giving the firm its first foray into Brazil-specific fund management.
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best ideas em debt fund from bny mellon
BNY Mellon has launched an Emerging Market Corporate Debt Fund to be managed by Insight Investment Management.
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hsbc appoints head of wealth management in asia
HSBC has appointed a new head of wealth development for its Asia Pacific division.
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rosiip was not a qrops uk court rules
The parent of the Panthera QROPS range on Friday lost its appeal against a High Court ruling last May, which found that HM Revenue & Customs was within its rights in stripping its Recognised Overseas Self Invested International Pensions Retirement Trust (Singapore) of its QROPS status in 2008.
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uks offshore banks ponder vickers report
UK proposals to force banks to ring-fence their high-street banking operations from their investment banking arms in order to protect them from possible future banking crises have sparked concerns in the offshore banking industry, over the possible changes that these plans could force on the offshore subsidiaries and branches of British banks.
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hong kong sfc bids to reduce systemic risk
Hong Kong’s Securities and Futures Commission (SFC) has tightened its oversight of risk management and strategy planning with the creation of a centralised unit.
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franklin templeton brings global convertible fund
Franklin Templeton has received approval from the Commission de Surveillance du Secteur Financier (CSSF) to launch its first global convertible securities Sicav, a fund similar to a US strategy it has been running for nearly 25 years.
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mas warns again on late filing of form 25
The Monetary Authority of Singapore has reprimanded another advisory firm for repeatedly breaching its rules on the submission of Form 25.
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devere opens in new yorks chrysler building
As part of what it says is to be an ambitious expansion into the US market, the deVere Group this month will open an office in the landmark Chrysler building in New York City, as well as imminently in downtown Houston, Texas.