Singapores life insurance industry saw a 28% growth in its new business premium for the year 2013, according to the citys insurance industry association, which said sales had been particularly strong in annual premium products.
J.P. Morgan Asset Management has named Paula Stibbe as head of global liquidity sales for the Asia Pacific region.
The Thai regulator has paved the way for cross-border ASEAN collective investment schemes to be sold to retail investors later this year, with the publication of a set of draft regulations.
The majority of asset managers in Hong Kong are optimistic about the outlook for equity markets and many continue to hold a negative view of bonds, according to a recent survey.
The capital market regulator of Thailand has emphasised on commercial banks the role they can play in financial planning by increasing the competency standards of its investment consultants so that they can help in promoting asset allocation awareness among investors.
The Monetary Authority of Singapore and the Singapore Exchange have drawn up plans to strengthen the securities market after shares in three companies unexpectedly plummeted on the same day last year.
The Hong Kong government has initiated a consultation process that can resolve the problems faced by the non-viable financial institutions effectively without disturbing the financial system.
State Street Corporation has set up an office in Shanghai to provide alternative investment servicing solutions to its hedge fund clients.
The Monetary Authority of Singapore is to allow eligible financial institutions to apply for a licence permitting them to invest in China’s onshore securities market.
J.P. Morgan Asset Management has appointed Travis Spence head of global strategic relationship group Asia Pacific ex-Japan under the Asia funds management business.
BNY Mellon has partnered with nine global asset managers for its separately managed account services catering to high net worth individuals in Singapore and Hong Kong.
Threadneedle is to begin offering its asset management services in Malaysia after receiving local regulatory approval.
