Globaleye names global managing director
Financial advisory firm Globaleye has a new managing director (global) in the form of Byron Murphy.
Asia
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T Rowe Price to launch bond funds in Hong Kong
Global investment manager T. Rowe Price plans to sell four fixed income funds to retail investors in Hong Kong for the first time, according to records from the regulator.
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AXA sell off in Hong Kong sees high demand, press report
Around two dozen bidders are competing to buy the Hong Kong wealth management unit of French insurance giant Axa SA, according to Reuters.
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Advisers at risk from insurtech boom
Advisers are in danger of missing the boat as insurtech looks set to disrupt and boost Asia’s insurance industry.
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Smart beta assets up 57%
Smart beta ETFs have gained significant market share in Asia Pacific but are struggling globally, according to Morningstar.
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Cyberattack hits 5,400 Axa Insurance customers
Personal data belonging to around 5,400 Axa Insurance customers in Singapore was compromised in a cybersecurity incident.
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Life sentences for $7.6bn China Ponzi scheme masterminds
The architects behind a Ponzi scheme that cheated 900,000 investors out of CNY50bn (£5.8bn, $7.6bn, €6.4bn) will spend their lives behind bars.
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Raid on rival boosts new AIA advice arm
Singapore’s newly minted AIA Financial Advisers is on a recruitment spree and has reportedly made an offer of around S$100m (£56.5m, $74.5m, €62m) to lure across more than 300 people from Great Eastern’s Advisors Alliance Group.
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Fullerton and Man Group to launch private funds in China
Singapore’s Fullerton Fund Management and alternatives specialist Man Group have received private fund management (PFM) licences from the Asset Management Association of China.
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Hansard and Fidelity unveil retail client risk profiling tool
Isle of Man-based savings provider Hansard International has teamed up with global asset manager Fidelity International to launch a tool to help financial advisers identify the risk profile of retail clients.
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India PM urges taxman to use data analytics to curb avoidance
Indian prime minister Narendra Modi has said that tax administrators should use data analytics to track undeclared wealth and set clear targets for improving tax administration by 2022.
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Non-linked life premiums dip in HK as linked rise sharply
Non-linked individual life and annuity premiums were down in the first half of 2017, while linked life business rose sharply by 158.8%, latest figures from the newly launched Hong Kong Insurance Authority (HKIA) show.