Formax is controlled by Chinese investors, is based in the Cayman Islands, and has forex brokerage subsidiaries in New Zealand and the UK, where Formax recently received an FCA license.
Troubled Australian fund manager Avestra sent millions of dollars to a Cayman Island entity linked with scandal-plagued Malaysian sovereign wealth fund 1MDB at the expense of retail investors, a court has heard.
Earlier this month, Schroders' Emerging Markets Economist, Craig Botham, spent a week in China
The launch follows the previously-announced timeline set in January 2015, after a vote by partners of both firms endorsing the combination, with both firms indicating that an effective date would be set by year's end.
In response to increased demand for private client services, the Maples group, comprising international law firm, Maples and Calder, and leading fiduciary, fund services and private client services provider, MaplesFS, has announced strategic hires in the