PEOPLE MOVES: Manulife, Kingswood, JO Hambro
Hong Kong and Macau CEO named by insurer, with a double hire for wealth manager’s board
Asia
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Ex-Goldman Sachs director charged in US over 1MDB role
The SEC has issued a penalty of $43.7m in accordance to a separate forfeiture order
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Vanguard and fintech firm form China wealth partnership
Joint venture will offer an investment advisory service to the country’s retail market
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PEOPLE MOVES: Kleinwort Hambros, ANZ, QB Partners
Wealth manager makes six hires, while Australian firm names Hong Kong CEO
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St James’s Place pursues Hong Kong growth
Saying its only real competition is the ‘residential property market’
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Regulation top challenge for international advisers in 2019
‘Clients are simply a lot more nervous about investment decisions’
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Market demand sparks Hong Kong insurer to unveil annuity plan
Customers can claim a tax deduction on premiums paid up to the sum of HK$60,000 per tax assessment year
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Chinese wealth management service provider acquires Hong Kong firm
‘We will continue to evaluate other business and growth opportunities as they arise’
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ANZ wealth arm sale gets green light
After it was stalled by regulator last year over potential IOOF managers disqualification
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China raises ownership cap on joint-venture life firms
It will allow foreign investors to own up to 51% before scrapping the limit during 2020
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Singapore financial planner charged with insurance fraud
Clients were allegedly cheated out of more than S$22,000 in premiums
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AMP to phase out ongoing advice agreements
To be replaced with annual ones following Royal Commission recommendations