Open ended fund structure planned for Hong Kong
The Hong Kong government has announced measures to boost the development of the local asset management industry.
Asia
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aberdeen am to acquire Indonesian fund manager
Aberdeen Asset Management Asia has entered into an agreement with Indonesia’s NISP Sekuritas to acquire an 80% stake in NISP Asset Management.
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singapores fullerton to open london office
Fullerton Fund Management a wholly-owned subsidiary of Singapore state investor Temasek Holdings is to set up an office in London, and will be shortly applying for a license from the Financial Conduct Authority.
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varley to lead axa hk singapore push
Axa Hong Kong (Life) and Axa Singapore (Life) are to target Asia’s growing number of high net worth individuals with a new range of products and services, and have named David Varley to oversee the operation.
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st jamess place in advanced stage of acquiring
St James’s Place Wealth Management, the Cirencester-based UK wealth management network, is at an “advanced stage” of acquiring the Henley Group, the Singapore-based wealth manager founded by Antony Michell, it has emerged.
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former ing asia employee life ban
Hong Kong’s Securities and Futures Commission has banned a former employee of ING Asia Private Bank from re-entering the industry for life.
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uk singapore agree to deepen financial cooperation
The UK and Singapore have agreed to deepen their financial and economic cooperation and also supported the setting up of a private sector forum to boost development of the offshore renminbi market
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cerulli on koreas online fund supermarket
An online fund supermarket preparing for launch in Korea is unlikely to have much of an impact on the country's mutual fund distribution landscape in the short term, according to Cerulli Associates.
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imprisoned former credit suisse manager
A former Credit Suisse AG relationship manager in Hong Kong has been banned from re-entering the finance industry after being handed a seven year prison sentence at the end of last year.
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axa completes purchase of 50 of chinese insurer
Axa has completed its purchase of a 50% stake in Chinese property and casualty insurance company Tian Ping.
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standard chartered reported selling hk
Standard Chartered is looking to sell its Hong Kong consumer finance business, PrimeCredit, as part of a strategic repositioning, according to a published reports. The bank declined to comment.
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former abn amro employee banned over forgery
Hong Kong's Securities & Futures Commission said it has banned a former employee of what at the time was known as ABN AMRO Bank from re-entering the industry for three years from 19 February, following his conviction in 2012 on one count of "copying a false instrument".