RBC GAM hires Asia boss
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has taken on Ken Tam as head of Asia.
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has taken on Ken Tam as head of Asia.
Hong Kong advisers offering insurance products could face inconsistencies in their overall requirements when a new measure comes into force next year, Old Mutual International’s Mark Christal has warned.
China-based fund house Manulife Teda will decide on the liquidation of its Qualified Domestic Institutional Investor fund, highlighting the general underperformance of the QDII vehicle.
Swiss-Asia Financial Services (Swiss-Asia), a Singapore-based independent asset management company, said it plans to expand its operations to meet the rising demand coming from entrepreneurial finance professionals.
Australia’s biggest specialist wealth management company, AMP, has posted a 33% rise in net profits for the six months to 30 June due to solid growth in its core domestic business and a big contribution from its Chinese joint venture.
Asian investors seek income products but are too focused on “familiar income-producing asset classes”, according to a Legg Mason survey report.
The number of applications for intermediary licences in Hong Kong has risen by just over 15% in a year, the Securities and Futures Commission has said.
Hermes Investment Management is growing its sales team in Singapore with a new hire who came on board this week.
The Hong Kong fund industry saw net sales drop by almost a half in the first six months of 2015, new figures reveal.
There has been a lot of conventional wisdom bandied about over the past few days in relation to China’s loosening of the renminbi peg.
China’s Central Bank has devalued its currency for the second consecutive day, following Tuesday’s biggest depreciation in two decades.
The one-off depreciation of the yuan needs to be just that in order to avoid sparking a currency war and derailing the global recovery, according to industry experts.