interglobal adds to sales team
InterGlobal, the UK-based international private medical insurer, has made a series of appointments to its global sales team, as it seeks to boost its presence in such markets as Africa, Asia and the Middle East.
Asia
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labuan fsa revokes ec trust labuan licence
The Labuan Financial Services Authority has revoked the trust company licence of EC Trust (Labuan) Bhd, effective today, according to a statement on the Labuan FSA’s website.
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Credit Suisse fined HK$16m by SFC
Credit Suisse Securities has been fined more than HK$1.6m by the Securities and Futures Commission in Hong Kong.
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asia and middle east links fuel cross border
Strengthening ties between Asia and the Middle East, particularly within the Islamic finance sector, have been highlighted in a speech by one of Singapore’s senior politicians.
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Singapore life industry to revise sales
From 1 July, Singapore's life insurance industry will adopt a new, lower set of investment returns in the materials its representatives use to sell Singapore-dollar denominated participating (“par”) policies, in response to "the current low interest rate environment".
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southern malaysian state to impose
A government official in the southern Malaysian state of Johor has said higher tax rates may be imposed on some 130,000 foreigners who own property there, the Malaysian Star reported yesterday.
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aberdeen veteran hugh young warns of soft closure
Singapore-based Aberdeen veteran fund manager Hugh Young has warned that a sudden $5bn inflow to its Asia Pacific strategy could force its flagship $10.3bn Sicav fund to soft close to new business.
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singapore central bank opens up office in beijing
In a further strengthening of economic ties between Singapore and China, the Monetary Authority of Singapore has opened up its Beijing Representative Office.
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julius baer begins integration of hk and singapore
Julius Baer has begun the integration of the Hong Kong and Singapore based portion of Merrill Lynch’s International Wealth Management business.
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ubs securities handed fine in hong kong
UBS Securities Hong Kong has been fined and reprimanded following a Securities and Futures Commission investigation.
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sfc plans overhaul of professional investor
Hong Kong’s Securities and Futures Commission (SFC) has begun a three-month consultation on proposals to overhaul the regulations governing its professional investor regime.
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momentum receives fund approval from
Momentum Global Investment Management has received approval from the Securities and Futures Commission to sell its Luxembourg domiciled Ucits fund range to retail investors in Hong Kong.