New York Life Investment sets up Hong Kong office
Boutique plans to distribute funds to professional investors in the special administrative region
Asia
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Aussie regulator bans cold calls for life products
Days after it won a court case against an insurance provider
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Acuity aims to ease regulatory burden for life insurers
As in-house product oversight and governance risks accusations firms are ‘marking their own homework’
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PEOPLE MOVES: Embark, Zurich, Old Mutual International
Digital retirement provider hires platform lead, with insurer making double hire in Singapore
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Australian life insurer fined A$700,000 for ‘hawking’
It used a telemarketing firm to cold-call clients
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DeVere to sell South African operation
To an advisory firm based in Hong Kong
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Vietnam bank signs 15-year distribution deal with Sun Life
As the insurer looks to increase its operation in the Asian country
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PEOPLE MOVES: AIA, Carrick Wealth, Deutsche Bank WM
CEO shuffle at Asian life insurer, as group managing director leaves South African wealth firm
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Fintech merger bolsters global trust services sector
Combined company will have offices in Jersey, Guernsey, Cyprus, Singapore, Australia and the UK
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PEOPLE MOVES: Franklin Templeton, St James’s Place, EFG
CEO change at global asset manager, while former LGIM head of personal investing joins wealth firm
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Is investing in your own country the best strategy?
Strong home bias is going to affect the level of diversification in a portfolio
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Aviva overhauls business into five divisions
No update on FPI deal as it sells stake in Hong Kong digital life insurance joint venture