SJP launches discretionary wealth management service in Asia
St James’s Place Wealth Management has launched discretionary managed accounts in Hong Kong, its first such offering in Asia.
Analysis 21 Feb 18
Leading industry figures respond to the cryptocurrency mania
As cryptocurrencies grab headlines with sky-high valuations, governments and the financial industry remain split over how to respond.
Bad advice sees Aussie banks pay A$51m
Australia’s five largest banking and financial services institutions have paid a further A$21.4m in compensation to customers who suffered losses because of “non-compliant conduct” by financial advisers, taking the total to A$51.4m (£29m, $41m, €33m). More claims are expected.
Mark Mobius to launch his own EM fund – report
The emerging markets optimist is reportedly starting his own fund management firm and has also joined the investment committee of Mumbai-based venture capital firm Equanimity Investments, according to local media reports in India.
Bitcoin owners under threat from in-person attacks
Owners of virtual currencies are being targeted in reality, with growing reports of in-person attacks to force people to transfer their cryptocurrencies to anonymous online wallets owned by their attackers.
Director banned from financial services for five years
The director of a financial services firm has been suspended from the industry for five years, and has agreed to pay £225,786, after his business failed to give appropriate advice to its clients.
Convoy freezes former directors British Virgin Islands assets
The former director of troubled Convoy Global has had his assets on the British Virgin Islands frozen, with the firm also filing a writ against him and 12 others, demanding they pay £16m in compensation.