Prudential’s long-serving group CEO Mike Wells is to retire at the end of March as the company focuses future growth on Asia.

Experienced financial regulator Ashley Alder, head of Hong Kong’s Securities and Futures Commission, could be the next chief executive of the FCA, according to reports from Sky News.

The Chartered Insurance Institute (CII) has appointed Kenny Siu as its new regional director for the Asia Pacific region based in Hong Kong.

Goldman Sachs has acquired a large stake in robo adviser Nutmeg, investing £45m in the business as part of the deal.