Robeco duo: Asia is ‘fintech hub of the future’
Robeco fund managers Patrick Lemmens and Jeroen van Oerle have declared Asia the “fintech hub of the future”.
Asia
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Credit Suisse fined in Hong Kong
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
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Ailing Samsung chairman accused of $7.5m tax evasion
The chairman of South Korean tech giant Samsung has been named by local police as a suspect in an KRW8.2bn (£5.4bn, $7.5bn, €6.1bn) tax evasion case despite having been in hospital since suffering a heart attack in 2014.
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Global markets plunge after Dow Jones drop
European and Asian markets tumbled this morning after the Dow Jones took its biggest hit in six years.
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Aussie life insurer to repay A$1.5m for hard selling
An Australian life assurance firm has been ordered to repay A$1.5m after the regulator found it was using unfair and high-pressure sales tactics.
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Asian investors in London property risking hefty IHT bills
Overseas investment into the London residential new-build property market is dominated by Asian investors who may be overlooking UK inheritance tax in their financial planning, Old Mutual International has warned.
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Half of professional athletes fail to seek financial advice
Almost half of professional athletes have given no thought to planning their finances for when their sporting careers end, according to findings from Old Mutual Wealth’s Financial Adviser School (FAS) and MA Sports consulting (MA).
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PEOPLE MOVES: Franklin Templeton, Axa, FCA
Franklin Templeton appoints a lead manager for emerging markets team, Axa IM launches a business development department and the Financial Conduct Authority appoints an executive director of international to oversee Brexit developments.
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‘Accidental Americans’ putting Asia’s wealth transfer at risk
Accidental Americans face ruin if their estates are not properly structured, a lawyer has warned.
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Value Partners launches onshore China fund
Hong Kong-based Value Partners has joined Fidelity, UBS Asset Management and Man Group with the launch of an onshore China fund, as momentum for foreign-managed products targeting China’s professional investors continues.
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World’s 5 fastest growing wealth centres
Mauritius is being touted as one of the five biggest beneficiaries of global wealth growth.
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What the raids on Convoy Global mean for Hong Kong’s advisers
Raids by Hong Kong’s anti-corruption commission have forced one of the special administrative region’s biggest financial advice firms into the harsh glare of media and public scrutiny.