Standard Chartered Bank has announced a 15-year deal with Allianz to sell its general insurance products, including travel, personal accident, fire and motor insurance products, across the bank’s retail banking network in five key markets across Asia.
Insurance brokers in India are set to receive higher commissions payments for selling life insurance policies, in proposals unveiled by the country’s regulator due to come into force in April.
The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m (£10m, €7.7m) on Australian Gold Coast property, the Guardian has reported.
Asia Pacific ex-Japan ETF/ETP assets hit a record high of $135bn (£110bn, €127bn) in 2016, but still only account for 4% of the industry’s global assets, according to ETFGI.
Here are the Hong Kong winners of Fund Selector Asia’s third annual fund management awards.
Switzerland’s Banque Syz has closed its asset management unit in Hong Kong to focus on European markets in the latest step towards consolidation in Asia’s wealth management industry.
The first westerner to be charged in connection with the 1MDB scandal has been sentenced to 28 weeks in jail and fined S$128,000 (£73,352, $89,174, €84,235) by a Singapore court.
Geneva-based asset manager Quaero Capital is bringing its specialist fund that invests in European companies with family shareholders to Asia.
November’s surprise ban of large currency bills in India is one of the greatest single-country risks in emerging markets, Mark Mobius, executive chairman of the Templeton emerging markets group, told our sister publication Fund Selector Asia.
RL360° has launched Quantum Malaysia, a country-specific version of the insurer’s regular premium savings plan and its first product in Malaysia.
Blue chip stocks in Hong Kong look attractive as the MSCI moves toward a decision on including China in its emerging market indices later this year, according to fund managers.
The Irish unit of Malaysia-headquartered CIMB-Principal Islamic Asset Management has launched its first global sukuk Ucits fund.
