Industry
Barclays to cut wealth jobs
Around 100 employees are understood to be in the firing line
South African financial adviser arrested for fraud
He reportedly encouraged clients to put money into unregulated investments with ZAR100m potentially lost
Regulatory roadblock halts AMP Life sale
Acquisition by Resolution Life ‘highly unlikely to proceed’ as firm struggles to meet conditions
Lombard Odier sells off Gibraltar private banking operation
It follows the Swiss firm’s global re-positioning that saw it move into Abu Dhabi and Indonesia
Charles Stanley and Brewin partner with newly formed DFM
It will operate two model portfolio ranges with a mix of passive and active approaches