ing sells stake in south korean jv
ING has agreed a deal to sell its Korean insurance venture KB Life Insurance Company to its joint venture partner KB Financial Group.
Asia
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chinese investors buy gold as rest of world
The price of gold may have fallen another $125 per ounce yesterday its greatest one-day loss ever but some retail investors in Hong Kong and mainland China are buying more of it, rather than selling, according to a columnist for the South China Morning Post.
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uk residential property fund receives singapore
A fund which lends money directly to end borrowers in the UK real estate market has been approved for distribution by the Monetary Authority of Singapore following demand from advisers.
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aviva completes sale of malaysia jv
Aviva has completed the sale of its minority share in Malaysian joint venture CIMB Aviva Assurance and CIMB Aviva Takaful.
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MAS reprimands Credit Suisse financial adviser
The Monetary Authority of Singapore has reprimanded a financial adviser who acted as a representative of the Credit Suisse AG branch in Singapore.
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continue to buy Japan id rather not
The economic stimuli unveiled by the Japanese government may be drawing in equity investors, but not everyone is keen to jump on the bandwagon before seeing if the policies actually work.
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bny mellon am poaches japanese equity
BNY Mellon Asset Management Japan has hired a six-strong Japanese equities team from ING Investment Management.
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singapore to overtake switzerland as banking
Singapore is the world’s fastest growing wealth centre and is predicted to overtake Switzerland to become the largest offshore private banking market by 2020, according to recent research.
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martin currie targets asia pac growth with
UK headquartered asset manager Martin Currie has opened a “hub” in Singapore, as it seeks to increase its presence in the Asia Pacific region.
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henley group offers fee only service for hnws
Asia-based advisory company, The Henley Group has launched a fee-paid wealth management service designed specifically for its affluent clients.
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ocean dial subject to partial management buy out
Ocean Dial Group, a firm which specialises in Indian investments, is to be acquired as part of a partial management buy-out, by a newly created Singapore company.
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mas promoting islamic finance is not just
A top official in the Monetary Authority of Singapore has stressed that the promotion of the island’s Islamic finance industry remains key, even though two tax incentives aimed at promoting it were allowed to lapse recently.