People Moves | 19 Jul 16
PEOPLE MOVES: Aegon, UK and Australia governments
Aegon UK’s chief financial officer is to depart, while both the UK and Australian governments have announced further political manoeuvring following the Brexit referendum and Australian national elections.
Aviva spreads its wings across the Asia Pacific region
Aviva Investors’ Kevin Talbot outlines the importance of the company’s acquisition of Friends Provident International for the Republic of Singapore, Hong Kong and Australia.
L&G ups UK property fund valuation by 5%
The price of Legal & General’s UK Property Fund rose by 4.3% after repricing the charge it imposed on people who wanted to withdraw cash from the fund.
Investment | 18 Jul 16
Cayman bank and BVI forex trader sued in alleged Ponzi scheme
Cayman Islands-based DMS Bank Trust and British Virgin Islands-domiciled CWM are being sued by 318 victims of an alleged £50m ($65.9m, €59.7m) investment fraud.
South Africa insurer Sanlam buys 49% stakes in Firstglobal AM
Graviton Financial Partners, a wholly-owned subsidiary of South African insurance giant Sanlam, has acquired a 49% stake in Firstglobal Asset Management for an undisclosed sum.