First quarter new premium sales rise for Singapore
Singapores life industry recorded a 24% on-year growth in total weighted new business premium for the first quarter of the year, according to the Life Insurance Association.
Asia
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appleby granted first offshore law firm
Appleby has become the first offshore law firm licensed to provide offshore legal advice in Mainland China where it has had a base in Shanghai since 2012.
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jupiter battle strength in hong kong
Jupiter Asset Management has started local advertising in Hong Kong for the first time as part of group CEO Maarten Slendebroek’s business plan to build a significant presence in the region.
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mainland investors keen on fund investments
A majority of mainland investors travelling to Hong Kong are keen on making fund investments over the next 12 months and see a greater potential for schemes those invest in Hong Kong and China equity funds.
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bribery trial of former deutsche banker highlights
A former Deutsche Bank salesman on trial for bribing a public official in Japan has, according to the Financial Times, admitted providing excessive entertainment to a pensions executive but said this conduct was institutional at his former employer.
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Threadneedle rolls out first locally managed fund
Threadneedle Investments has rolled out its first Asian fund to be managed by its local investment management team in Singapore.
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threadneedle hires marketing head in apac
Threadneedle Investments has poached in Hendersons Grace Chow for the role of head of marketing and communications for Asia Pacific as the fund house seek to expand its operations in Asia.
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RBS fined in second regulatory reprimand
The Royal Bank of Scotland (RBS) has been fined and received its second regulatory reprimand in less than one month after it was found guilty of misconduct in Hong Kong.
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ashmore signs distribution deal with indonesia
Ashmore Asset Management has entered into a partnership with Bank Permata to distribute one of its mid-cap focussed equity funds in Indonesia.
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Henderson builds up EM credit team as it plans
Henderson Global Investors is building up its emerging market investment capabilities as it prepares to launch products catering to that asset class.
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Asia plans to rival Europe with UCITS like regime
Singapore, Australia, Korea, New Zealand, the Philippines and Thailand have begun a joint consultation on the rules and regulations for operating the Asia Region Funds Passport, a framework which will look similar to recent UCITS legislation in Europe.
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lombard odier names nakamura asia pacific cio
Lombard Odier Investment Managers has appointed Jean-Louis Nakamura chief investment officer for the Asia Pacific region, as it continues to develop its business there.