hkfi campaign counter attacks on ilas
The Hong Kong Federation of Insurers has launched a media campaign to counter recent “unbalanced and negative” attacks on Investment Linked Assurance Schemes by regulators and the media.
Asia
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singapore malaysia thailand in fund sales pact
The Monetary Authority of Singapore, the Securities Commission of Malaysia, and Securities and Exchange Commission of Thailand have entered into an agreement to facilitate cross-border offering of collective investment schemes to retail investors in the three countries.
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Julius Baer Singapore to vigorously contest claim
Julius Baer has said that it would ‘vigorously contest’ a S$100m (74m/£62m) claim which has been brought against it for alleged damages/losses incurred by the bank arising from share accumulator transactions in 2007 and 2008.
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Asia-Pacific poised to be largest wealth market
The Asia-Pacific region is poised to become the largest wealth market as early as 2014, far outpacing other geographies, according to a survey by Capgemini and RBC Wealth Management.
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Vietnam ucits overseen by female trio
One of SE Asia’s biggest asset managers has launched an actively-managed Ucits equity fund aimed at international investors wishing to gain exposure to Vietnam’s public equity markets.
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hong kong managers in race to introduce
Hong Kong-based fund managers are “racing” to introduce Hong Kong-domiciled funds, ahead of plans for a “mutual recognition” programme that will enable them to be sold in mainland China, according to a report published today.
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one in twenty singaporeans will be a millionaire
Nearly one in 30 Singaporeans is a dollar millionaire a figure which is expected to rise to nearly one in 20 in five year’s time as the financial service sector grows and newly wealthy families from elsewhere in Asia flock to the island city state, according to a new report.
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old mutual beefs up asian op
Carol Wong has been named as Old Mutual Global Investors’ new head of distribution for Asia and is one of a trio of senior Hong Kong-based appointments aimed at expanding the asset manager’s and sister company Skandia International’s offshore businesses.
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old mutual eyes asia expansion
Old Mutual Wealth is expanding its operations in Asia with three senior appointments for both its offshore business, Skandia International and its asset management operations, Old Mutual Global Investors.
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allianz moves into marina bay
Allianz Asia has become another anchor client for Singapore’s new financial district, Marina Bay, which will house 11 Allianz entities and 500 employees under 80,000 square feet of office space when the insurance firm moves into Tower 2 this November.
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prudential to go ahead with planned
Prudential is to go ahead with a plan to "domesticate" the last remaining Asian branch of its UK-based insurance business, the company said yesterday.
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hong kongs sfc signs aifmd supervision agreement
The Securities and Futures Commission in Hong Kong has signed a memorandum of understanding with European authorities on the supervision of alternative investment fund managers.