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AES International gets first licence in Dubai

AES International has gained its first licence to operate in Dubai following the acquisition of City Life Insurance Brokers LLC in the United Arab Emirates.

The new entity which is licensed by the UAE Ministry of Economy and Insurance Authority will be re-named AES Middle East Insurance Brokers LLC.  

Managing director Sam Instone says the firm will use the new base to export UK standards of financial planning, post-RDR professionalism and compliance into the region. 

He says: “There is a widespread perception that the Middle East and Dubai in particular is some way behind the European market in terms of TCF, training and competency, systems and controls and underlying business model.  The first appointed representative has already signed up to our service package which is designed to allow other financial services businesses to leverage our technology, expertise, economies of scale and resources in order to get better outcomes for end customers and their own businesses alike.”



Alliance & Leicester manager jailed for £140k fraud

An Alliance & Leicester reg-ional manager has been jailed for 20 months for defrauding customers out of £140,000. Christine Dunford, 53, who worked for Alliance & Leicester in Southampton, admitted a series of theft charges when she appeared before Southampton Crown Court on March 11. The court heard that Dunford, who had worked for Alliance […]

Bestinvest picks new leaders

John Spiers is to step down as CEO at Bestinvest for the second time. Michael Covell becomes chairman with immediate effect with Peter Hall joining as chief executive in June. Spiers, who founded Bestinvest in 1986, will continue as joint chairman of the asset allocation committee as well as a non-executive director and shareholder. He […]


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