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Industry | News 18 Jan 18

FCA blasts ‘sleepwalking into another scandal’ accusations

The chief executive of the Financial Conduct Authority has wholly rejected a report from the Work & Pensions Select Committee that said the UK watchdog of “sleepwalking into another mis-selling scandal”.

Companies | News 18 Jan 18

DeVere expands into Latin America, opens Mexico City outpost

DeVere Group is to open an office in Mexico City, headed up by an ex-Guardian Wealth man, its first step in an ambitious plan to expand throughout Latin America.

Best Practice | News 18 Jan 18

Regulation is a ‘sideshow’ – international pension chief

Regulation is a sideshow in wealth management, according to Embark chief executive Phil Smith. 

Asia | News 18 Jan 18

Globaleye committed to Asia just not HK for now, Searle says

The impact of new regulations and the high cost of operating in Hong Kong prompted international advice firm Globaleye to make the strategic decision last year that its local operation had no “viable future”, says chairman Tim Searle.

News 16 Jan 18

PEOPLE MOVES: HSBC, Fidelity and Momentum

HSBC appoints a Hong-Kong based global head of private wealth solutions, Fidelity creates a head of stewardship and sustainability role, while Momentum Pensions has named a head of business development for the Middle East and Asia.

News 16 Jan 18

Globaleye exits Hong Kong, sells out to Holborn

Holborn Assets has acquired Globaleye Hong Kong, in a move that sees the Dubai-headquartered advice firm exit the special administrative region.

News 16 Jan 18

Victims defend $11bn Chinese Ponzi scheme

Investors across China are continuing to support the founder of an alleged Ponzi scheme, even after he turned himself into police, despite standing to lose CNY70bn (£7.9bn, $10.8bn, €8.9bn).

News 12 Jan 18

Scots ignorant of international privilege

Unmarried Scots, even those who have lived abroad for long periods, have a right to raise a claim to a partner’s estate in the event of separation.

News 12 Jan 18

PEOPLE MOVES: Primetime, Pinebridge, Kleinwort Hambros

A senior Prudential director has jumped ship to head up Primetime Retirement, while Pinebridge Investments has poached a State Street Global Advisors regional chief executive to become its chief operating officer and a series of senior changes has been announced at Kleinwort Hambros.

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