News
Italian firm to launch onshore fund in China
Italy’s Azimut has been granted approval from the Asset Management Association of China (AMAC) to register as a private fund management firm in China, giving it six months to launch a product onshore.
Hong Kong to roll out insurance lifeboat scheme
Policyholders in Hong Kong will be protected for the first time should their insurer become insolvent if plans to introduce a mandatory industry-funded compensation scheme come to fruition.
Transact receives premium listing in £650m IPO
The parent company of investment platform Transact has been admitted to the London Stock Exchange’s main market for listed securities.
Alternatives | news 2 Mar 18
PEOPLE MOVES: Nedbank, Prudential and HSBC
Nedbank Private Wealth is changing its managing director, Prudential appoints a chief risk officer and HSBC names its head of financial crime risk transformation for the Isle of Man and Channel Islands.
UK regulator declares DFM insolvent
The Financial Conduct Authority (FCA) has declared discretionary fund management firm Beaufort Securities and its clearing arm, Beaufort Asset Clearing Services, insolvent.