Asia
Aussie life insurer clients to receive A$35m in compensation
Customers ‘suffered harm’ after they were sold policies over the phone
TikTok imposes global ban on investment promotions
Change means that ‘regulated financial firms could be swept up in it’
AMP sells investment business to Macquarie for A$185m
Operation covers fixed income, Australian listed equities, real estate and infrastructure strategies
PEOPLE MOVES: DeVere Group, Zurich, Barclays Private Bank
Advice firm names CEO of its electronic money operation, as insurance giant makes c-suite change
Hong Kong wealth firm unveils AI robo-advisory platform
As it partners with BNY Mellon to provide investment advice