Mauritius signs MoU with India stock exchange
Mauritius has entered into an agreement with India’s national stock exchange, as the island looks to sharpen its approach to surveillance in the financial services industry.
Mauritius has entered into an agreement with India’s national stock exchange, as the island looks to sharpen its approach to surveillance in the financial services industry.
Kuala Lumpur-based fund house, CIMB-Principal Asset Management, has passported the first funds under the ASEAN collective investment scheme (CIS) framework.
Jersey-headquartered Bedell Trust has acquired a majority stake in Singapore Trust Company (STC) as part of its expansion plans in Asia.
The chief executive of HSBC Global Asset Management, Sridhar Chandrasekharan, has relocated to Hong Kong from the firm’s headquarters in St James, London, to tap the region’s stronger growth outlook.
The Singapore-based arm of Mercer has been fined by the Monetary Authority of Singapore for allowing unlicensed representatives to arrange contracts for life insurance policies.
St James’s Place Asia, the re-branded The Henley Group, has seen 40% growth in the number of partners and advisers based at its three offices in the region.
Advisers suspect the influx of applications for intermediary licences in Hong Kong is due to an increase in private bankers and asset managers in the region.
The Monetary Authority of Singapore has proposed new rules designed to toughen up its enforcement regime in order to deter market misconduct.
Singapore-based fund house Lion Global Investors has worked alongside OCBC Bank to build a private equity fund which invests in small and medium-sized companies in Singapore, Malaysia, Indonesia and China.
Demand for investment-linked assurance schemes in Hong Kong dived following January’s ban on indemnity commission, but FPI’s James Tan is confident the industry will move in a positive direction once all players are settled into the changes.
The ongoing volatility in Chinese shares, triggered by concern over the country’s growth prospects, has reduced valuations to a point that is creating opportunities for stock pickers, according to some fund managers.
Over the last month, almost all China-dedicated equity funds have moved into the red, and there were plenty of brand names among the worst performers.