Top Headlines in the Last 7 Days
(1st – 7th Jan 2018)
No. 1 Franklin Templeton Mark Mobius to Retire on 31st January 2018 after 31 Years
Franklin Templeton Investments has announced Mark Mobius will retire from the company on 31st January 2018. He is currently the Executive Chairman of Templeton Emerging Markets Group and in 1987, joined Franklin Templeton as President of the Templeton Emerging Markets Fund, Inc.
Mobius has spent more than 40 years working in emerging markets all over the world and was hired by the late Sir John Templeton in 1987 to launch one of the first mutual funds dedicated to emerging markets. He oversaw Templeton’s emerging markets team from 1987 to 2016.
Today, Templeton Emerging Markets Group has approximately 50 experienced investment professionals in 20 offices and over $28 billion AUM (30th September 2017). Learn More …
No. 2 DBS and Chubb in 15 Years General Insurance Partnership in Asia
DBS Bank and Chubb has announced a 15-year regional general insurance distribution partnership in Singapore, Hong Kong, China, Taiwan and at a later date, Indonesia.
In the partnership, DBS will distribute Chubb’s general insurance products to its 6 million retail, wealth & SME clients on an exclusive or preferred basis. Chubb’s general insurance products includes coverage for home, contents and selected personal accident and supplemental health (A&H) insurance products as well as general insurance products for SMEs. Learn More …
No. 3 SSG Group Acquires First Names Group to Form World’s 4th Largest Trust, Corporate & Fund Services Co.
SGG Group has acquired First Names Group from AnaCap Financial Partners. The combined group will be the world’s 4th largest (by revenue) provider of trust, corporate and fund services, employing over 1500 people with a presence in 23 jurisdictions.
The combined group will become a significant force in the provision of services to ultra-high net worth families, corporates and fund clients. The seller, AnaCap, is Europe’s largest specialist private equity investor in the financial services sector with more than €3.5 billion raised across Private Equity and Credit Opportunities vehicles. Learn More …