ICI recommends key improvements to
ICI Global has recommended several changes to the Asia Region Funds Passport initiative (ARFP) in order to make the scheme more “economically and operationally feasible”.
Asia
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Two leading Chinese banks in money
Two leading Chinese banks have been accused of breaking foreign exchange rules by helping people take money out of the country.
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Asia exJapan mutual funds revenues flat cerulli
Revenues of Asia-ex Japan mutual funds have grown in 2013 despite having taken a hit over longer periods, finds a new report by Cerulli Associates.
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Neuberger names Kwang sr portfolio apac mgr
Neuberger Berman has poached Standard Life Investments’ Anton Kwang as a senior portfolio manager for the Asia Pacific region.
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hk fund management assets continue to rise
Hong Kong’s fund management business continued with its uptrend in 2013 with the combined assets at the end of the last year rising by nearly 27% over that of 2012.
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Thailand offers more channels for mf distribution
Thailand is introducing an additional mutual fund distribution channel and has allowed state-owned non-bank companies to act as agents.
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luxembourg for more fin cooperation with singapore
Luxembourg has called for increased international finance cooperation with Singapore spanning cross-border financial services, wealth and asset management.
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Aviva hires Great Easterns Wei as CEO
Aviva has hired Great Eastern Holdings group chief executive Chris Wei for the role of CEO global life insurance and Asia chairman.
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Aberdeen names Leenabanchong as Thailand CEO
Aberdeen Asset Management has poached UOB Asset Management’s chief investment officer Korawut Leenabanchong as its new chief executive.
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Hong Kong govt fights high MPF fees with core fund
The Hong Kong Government has proposed introducing a ‘core fund’ option for investors in the Mandatory Provident Fund, in a bid to combat high costs and help those less able to select funds.
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HK equity funds lure net inflows in Q1 as
Equity funds in Hong Kong continued to attract net inflows during the first four months of the year, with investors showing a preference for funds focussing on developed markets.
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Your cut out and keep guide to the changing
From the UAE to Singapore, the asset management industry is witnessing huge regulatory change. Here KPMG provides a concise breakdown of what you need to know.