Bangkok-based MBMG co-founder Graham Macdonald to retire
MBMG Group co-founder and managing director, Graham Macdonald, has confirmed that he will retire from his post in Thailand at the end of May.
MBMG Group co-founder and managing director, Graham Macdonald, has confirmed that he will retire from his post in Thailand at the end of May.
A lack of quality investment targets will pose a challenge for Chinese wealth managers this year, a new report by Cerulli Associates said.
Barings’ chief executive in South Korea, Thae Khwarg, has said that he ‘welcomes’ proposed changes announced by the country’s Financial Services Commission (FSC) which would allow IFAs to provide independent advice while adopting a new fee-based only regime similar to the UK.
Despite resources such as oil, gas and coal being “negatively hit by the slowdown in growth in China”, it’s not all doom and gloom as Chinese consumers “continue to buy more than ever”, according to a recent report published by Fidelity International.
Leveraged and inverse exchange traded funds, which are expected to be launched in Hong Kong later this year, are likely to boost trading in ETF products in the territory, according to research firm Cerulli Associates.
South Korea’s Financial Services Commission (FSC) has announced plans to overhaul the country’s financial advisory sector, with IFAs set to provide independent advice while adopting a new fee-based only regime similar to the UK.
A number of tax measures announced in Singapore’s budget last Thursday are aimed at spurring growth in the country’s small and medium-sized enterprise sector (SME) and encouraging the internationalisation of local businesses.
China Post & Capital Global Asset Management has acquired 10 Europe-listed ETFs from Royal Bank of Scotland as RBS continues its strategy of selling its non-core UK businesses.
Sun Life Financial (SLF) has announced that it will take 100% ownership of the Indonesia-based life insurer PT CIMB Sun Life (CSL), after signing an agreement to purchase an additional 51% stake on top of the 49% it already owns.
Asia showed the strongest organic growth of fund inflows at 18.6% among the regions analysed by Morningstar in its annual research paper on flows.
Singapore’s DBS Group is reported to be the front runner to buy Barclay’s Hong Kong and Singapore private wealth units, reports the Straits Times.
The Thai Securities and Exchange Commission has filed charges against a fifth financial advice firm in two months.