Alexa Lam steps down as head of SFC
Hong Kongs Securities and Futures Commission has appointed Julia Leung as executive director of the investment products division, replacing Alexa Lam who plans to retire after 16 years with the regulator.
Author: Drew Wilson
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Credit Suisse trader banned for life by HK
The Securities and Futures Commission has put a lifetime ban on a derivatives trader who fled Hong Kong after being caught concealing risk and losses.
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Hong Kong regulators halt securities firm
The Securities and Futures Commission has frozen the activities of Goodcape Securities (GSL) for being insufficiently capitalised.
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Manulife hires two
Manulife Asset Management has hired Kathryn Langridge and Philip Ehrmann to run its new global emerging markets equity portfolio management team.
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Fund transactions up in Hong Kong
The total transaction value of mutual funds and unit trusts in Hong Kong increased 35% in 2014, while the aggregate value of all product categories was down 8%.
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East Capital frontier market fund
East Capital is planning to launch a frontier markets fund in mid-December according to senior adviser Tim Umberger.
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HSBC China multi asset fund
HSBC Global Asset Management is launching a multi-asset China-focused fund that will partly invest through the Hong Kong-Shanghai stock connect.
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Hong Kong Shanghai stock connect to launch
Authorities in Hong Kong and China have approved the launch of the Hong Kong-Shanghai stock connect pilot scheme, setting the start date for November.
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BNY Mellon rollout discretionary business
BNY Mellon Wealth Management intends to launch "comprehensive discretionary investment and wealth management services to high net worth individual investors" after receiving approval from Hong Kong's regulators, the bank said.
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Funds start buying into Alibaba
Just over one month after Alibaba’s $25bn IPO on the NYSE, the largest in history, five funds registered for sale in Asia have made the Chinese ecommerce giant a top 10 holding.
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Hong Kong suspends DBS Vickers broker
Hong Kong's regulators have suspended the licence of a broker formerly at DBS Vickers, the securities arm of DBS Bank, for breaching internal control policies.
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Schroders brandCazenove
Following Schroders’ acquisition of Cazenove Capital last year, all of the UK fund manager’s private client business in Asia will come under the Cazenove brand name, according to Sandy Dudgeon, Cazenove’s managing director in Asia.