Hong Kong investment manager cuts jobs
Layoffs were made after a strategic review to enhance efficiency
Asia
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Wealthtech in Singapore on the rise
Funding for digital firms in the Lion City outpaces rest of Asia By Thomas Blott
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PEOPLE MOVES: Phoenix Group, Eastspring, BNP Paribas AM
Savings and retirement business makes c-suite changes, as investment firm names CIO
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Abrdn sheds £262m stake in Indian life insurer
After it raked in £225m for selling off shares in the firm’s asset management arm
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New Zealand scraps proposed tax on fund management services
After it caused a ‘significant media backlash’
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Apac HNWs diverting to ‘safer’ alternative and private assets
Investors top motivation is to ‘make the world a better place’
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Aegon AM shifts Asia distribution focus to China
Existing clients will be supported by teams in Europe
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Credit Suisse sells global trust business
Sale involves operations in Guernsey, Singapore, The Bahamas and Liechtenstein
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Kingswood eyes 10 UK acquisitions a year
But firm ‘hasn’t found the right opportunities yet’ in the international market
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PEOPLE MOVES: Brooks Macdonald, Premier Miton, Lombard Odier
Wealth manager and investment firm hire global head of distribution
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Wealth firm obtains financial advice licence in Singapore
As it names CEO of its operation in the Lion City
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BlackRock teams up with digital wealth firm to create model portfolios
They will be aimed at multi-asset investors across Asia