Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn (£2.3bn, €2.5bn) in assets from the ground up through a series of acquisitions.
The Commonwealth Bank of Australia (CBA) is reportedly looking to sell its life insurance business but the move in not linked to recent regulatory changes requiring the country’s biggest banks to hold billions in extra capital.
Japan’s financial watchdog, the Financial Services Agency (FSA), is asking life insurance companies to become more scrupulous investors by adhering to a new stewardship code.
Emerging markets are increasingly attractive but selecting the right fund is the key to performance, according to Morningstar.
Asian equity markets are up, but they are not in a bull market, according to Sean Taylor, Deutsche Asset Management’s Hong Kong-based managing director and Asia Pacific chief investment officer.
Beijing-based robo-adviser Xuanji has announced plans to launch a fully-automated portfolio service in Asia, its first foray outside China.
The UK Financial Conduct Authority (FCA) has signed an agreement with the regulatory authority in Hong Kong to strengthen cooperation and facilitate the exchange of information.
Following his shock dismissal as Praemium chief executive, Michael Ohanessian launched a successful fightback that saw him not only win back his job but also oust the board that sacked him. Here he talks exclusively to International Adviser about what happened and his plans for the future.
Hong Kong’s private wealth management assets reached HK$5.2trn (£513.2bn, $665bn, €578.9bn) in 2016, growing by 9% and increasing their share of the overall fund management business in the territory, according to a report by the Securities and Futures Commission.
US-headquartered Prudential Financial has entered the Indonesian life insurance market in a joint venture with a unit of local group CT Corp in Jakarta, the companies said in a statement.
The Jerseyman allegedly at the centre of Australia’s biggest ever tax evasion scandal, that included Crocodile Dundee star Paul Hogan among its victims, is fighting attempts to extradite him from Italy to face charges down under.
Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.
