Asia
Abrdn sheds £262m stake in Indian life insurer
After it raked in £225m for selling off shares in the firm’s asset management arm
New Zealand scraps proposed tax on fund management services
After it caused a ‘significant media backlash’
Apac HNWs diverting to ‘safer’ alternative and private assets
Investors top motivation is to ‘make the world a better place’
Aegon AM shifts Asia distribution focus to China
Existing clients will be supported by teams in Europe
Credit Suisse sells global trust business
Sale involves operations in Guernsey, Singapore, The Bahamas and Liechtenstein