David Knights, former Friends Provident International general manager for Hong Kong, has joined Investors Trust Assurance as head of Asia distribution, to spearhead a move targeting Western expats in the region with a new personalised portfolio bond product.
The Hong Kong government has begun a three-month consultation for introducing open-ended fund company structures (OFCs).
Netherlands-based investment manager Robeco is planning to start an office in Singapore to focus on sovereign wealth funds and key accounts.
Fullerton Fund Management has strengthened its equities investments team with three key hires and also has plans to launch new funds.
The Hong Kong capital market regulator has waived the annual licensing fees for another two years, and says it sees this move benefitting 39,000 intermediaries.
A former Bank of East Asia (BAE) employee has received a life ban from the finance industry after serving a 10 month prison in 2011.
Gary Dugan has resigned from his role of chief investment officer for Asia and the Middle East at Coutts & Co.
Private banking firm J. Safra Sarasin have filled a newly-created senior role within their Asian operations.
RBC Wealth Management has appointed a Hong Kong based managing director.
Even as growing numbers of multinational asset managers move to set up shop in Malaysia as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
DBS Bank has agreed to acquire the Asian private banking business of Société Générale in Singapore and Hong Kong, a move that will boost the assets of Singapore’s biggest bank by 20%.
The Monetary Authority of Singapore will now regulate virtual currency intermediaries in Singapore to address money laundering and terrorist funding risks.
