singapore significantly strengthens international
Singapore’s central bank has announced a four-pronged strategy to help tackle international tax evasion and to increase its tax information sharing with other countries.
Asia
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marco tang to head barings asia sales
Baring Asset Management has named Marco Tang to head up sales, client services and business development for its mutual fund distribution operations across Hong Kong, China and Singapore.
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fairness of hk commission disclosure rules
Questions have been raised over the fairness of plans to introduce commission disclosure for advisers selling Investment Linked Assurance Schemes (ILAS) in Hong Kong, as those tied to banks or insurers will not be subject to the new rules.
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financial partners launches lgbt
Financial Partners, a well-known, Hong Kong-based advisory firm, has joined forces with an established LGBT investment management company to create a wealth management operation aimed exclusively at Asia’s lesbian and gay community.
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is commission disclosure a step towards
Financial advisers and life companies have cautiously welcomed a number of enhanced consumer protection measures, including the introduction of commission disclosure, for Investment Linked Assurance Schemes (ILAS) in Hong Kong.
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commission disclosure law hits hong kong
Financial advisers selling investment linked insurance products in Hong Kong will have to disclose commission to their clients, under new rules released at the end of April by the Hong Kong Federation of Insurers (HKFI).
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court applications filed in lm investment
Proceedings have been filed in Queensland Supreme Court in Australia in connection with one of the funds managed by LM Investment Management, the beleaguered fund management group which filed for voluntary administration in March.
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singapore advisers alone in faltering global
Financial advisers in Singapore were the only group of advisers in a recent survey to report a fall in confidence in the global economy during the first quarter of 2013.
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ING completes sale of Thai investment business
ING has completed the sale of its Thai investment management business to UOB Asset Management, marking the company’s exit from another Asian country.
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cazenove capital opens office in hong kong
Cazenove Capital Management has opened an office in Hong Kong, its first in Asia, having received licence approval from the Securities and Futures Commission.
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sovereign buys china entry specialist jlj group
The Sovereign Group has acquired JLJ Group, an “integrated services provider” in China.
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axa to buy 50 stake in chinese insurance firm
Axa has agreed a deal to buy 50% of a property and casualty insurance company in China which it says has “strong direct capabilities”.