A new report by Hong Kong’s Consumer Council has found that those considering investing in investment-linked assurance schemes(ILAS) are faced with “a plethora of fees and charges” as well as “substantial” variations in the levels of these charges.
The deVere Group has acquired Thailand-based financial adviser Broadgate Investment Advisory Services.
Coutts & Co has named Watty Buwanawati, a specialist in Indonesian private banking, to its Singapore-based private banking team, as it looks to expand its business in Indonesia.
The British Virgin Islands has opened an office in Hong Kong, its first in Asia, in what the government described as an effort to “boost ties with emerging markets in financial services and tourism”.
A former assistant director at a Chinese state-owned investment company has been given permission to appeal against his conviction for insider dealing.
Credit Suisse has named Wolfgang Neumann to succeed Chuck Ng as head of external asset managers in the Asia Pacific region, based in Singapore.
Australia's AMP Capital has entered into a pact with China Life Insurance Group's subsidiary, China Life Asset Management to set up a fund management company in China.
Asia Frontier Capital has made two appointments for its Hong Kong office. It has appointed Ruchir Desai as senior investment analyst and Stephen Friel as marketing director.
Hong Kong’s main financial regulator has hit back at the territory’s top prosecutor who said the SFC should be stripped of its power to prosecute.
Lombard Odier has made two high level appointments to its Asia-Pacific team, as it looks to continue its growth in the region.
A small but some say growing number of financial advisory firms that specialise in looking after expatriates living in Thailand are obtaining restrictive and hard-to-get licences from the country’s regulator, as they seek to differentiate themselves from their local rivals.
Rothschild has appointed a former senior banker at UBS as managing director of its wealth management business in Asia.
