Manulife signs first bancassurance deal in Macau
Manulife (International) has entered into a distribution agreement with Industrial and Commercial Bank of China (Macau), which will see Manulifes products sold to the banks customers.
Asia
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singapore not gaining from illicit flow
Singapore has put in place measures to prevent fund flows linked to anti-money laundering and tax avoidance from jurisdictions such as Switzerland, Monetary Authority of Singapore managing director Ravi Menon has said in an interview.
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BlackRock appoints private bank and client
BlackRock has hired a former UBS Securities chief executive as its head of private bank business and strategic client development in Asia, excluding Japan.
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BNY Mellon hires new Japan country executive
BNY Mellon has appointed Douglas Hymas as country executive for Japan and general manager of the company's Tokyo branch.
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Heptagon offers daily liquidity with launch of
Heptagon Capital has announced the launch of the first actively managed China A shares fund to provide daily liquidity under the RFQII program.
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Morgan Stanley names Nolan as head of Asia
Morgan Stanley has appointed Michael Nolan to the newly created role of head of long-only Asia fixed income.
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Threadneedle adds further fund to DBS Bank
Threadneedle Investments has signed a distribution agreement with Singapores DBS Bank, giving DBS customers access to a further fund through the banks platform.
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RHB AM unveils preIPO and special situation feeder
Malaysias RHB Asset Management has unveiled a feeder fund investing in private equity and special situations investments available in the local market and in Singapore.
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Q2 new business dips for Singapore life cos
There was a 10% dip in new business premiums for Singapore’s life insurance companies during the second quarter, versus last year, although growth was sustained during the half.
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Commission-free insurance will force change
The proposed commission-free life insurance direct sales channel in Singapore will prompt companies to re-evaluate their distribution channel strategies, says Fitch Ratings.
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Indemnity commission ban heralded a game
The ban on the payment of indemnity commission on Investment Linked Assurance Schemes in Hong Kong has been described as a game-changer by leading advisers.
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Indemnity commission to be banned in Hong Kong
The payment of indemnity commission, or clawback, by product providers selling Investment Linked Assurance Schemes in Hong Kong is to be banned from the beginning of next year.