Retirement pot exit tax for emigrating South Africans? international-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from international-adviser.com Daily Mail and Mail on Sunday newspapers.
Wealth manager names four directors in Asia, as investment firm poaches financial planners from 1825
RBC Wealth Management
The wealth firm has further strengthened its position in Asia through the appointment of four senior bankers to serve the financial and wealth planning needs of high net worth and ultra-high net worth clients.
Vincent Cheng, Ellis Lau, Leo Zhang and Yoon Tae-Jung will be directors in RBC’s relationship management team in Hong Kong.
They will provide advice and wealth management solutions to clients in the region who have ties globally, especially to Canada, the US and the UK.
Cheng joins from Bank of Singapore in Hong Kong, where he was a relationship manager, and Lau joins RBC from Glory Sun Securities, where he was investment solutions director.
Following departure of group chief executive to join Standard Life Aberdeen
Richard Hughes will become chief executive of Channel Islands-based Brooks Macdonald International.
He was appointed as deputy chief executive of Brooks Macdonald International in April 2019, after joining the firm in 2013 as head of business development.
Hughes will be based in Jersey, where he serves on the committee of the newly formed Channel Islands Wealth Management Association as well as chairman of Cancer Research UK Jersey
Shepherd will succeed Caroline Connellan who is going to leave the group, after four years in the top job, to become chief executive of Personal Wealth at Standard Life Aberdeen – soon to become Abrdn.
Brooks Macdonald names CEO of international arm portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
It is targeting investment management clients
Criminals are an inventive lot and they have come up with yet another scam targeting investors.
Brooks Macdonald International (BMI) chief executive Andrew Shepherd sent an email warning after being made aware that clients of other firms have been contacted by individuals claiming to be from the Financial Conduct Authority (FCA) or law enforcement.
He said that no clients at BMI have been affected by the fraud but stressed that they must “be extra vigilant”.
How does it work?
Clients are told that an investment manager or firm is under investigation.
They are specifically asked not to speak to their investment manager, family or friends as this would be considered ‘tipping off’.