hsbc sells singapore life business to axa
HSBC is to sell part of its Singapore insurance business to AXA in a deal worth $19.3m.
Asia
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consultation feedback singapores mas shows
Singapore’s financial services regulator has published its response to comments it received on proposed changes to the regulation of locally active insurers’ investment activities, and indicated a strong preference for keeping key elements of these insurers’ businesses within its borders.
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barings acquire top korea asset mgr
Baring Asset Management has boosted its assets under management by around $7.4bn through the acquisition of independent asset manager SEI Asset Korea Co (SEIAK).
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hedge fund assets surge in hong kong
Hedge fund assets under management in Hong Kong have increased by more than a third over the past two years, according to a survey released by the HK Securities and Futures Commission.
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challenges face expats hoping to stay
The struggles Asian immigrants often face in obtaining legal residency in countries like the UK and US are well documented, but expatriates from these countries can face similar battles in their efforts to remain in China, an expat with experience of the difficulties has revealed.
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singapores henley group unveils
Singapore-based Henley Group Pte has launched an assessment tool that is designed to monitor the performance of advisers, ahead of the introduction of new regulations covering the delivery of financial advice in the city-state.
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aam advisorys easton signs
Easton Investments Limited, the Australian company which recently said it was to buy a 19.9% stake in Singapore’s AAM Advisory through its Easton Wealth Asia subsidiary, has entered into a non-binding memorandum of understanding with ICBC (Australia) Investment Management Company (ICBCAIM).
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pacific sun advisors acquitted of issuing ads
Pacific Sun Advisors and its director Andrew Pieter Mantel have been acquitted over four counts of issuing advertisements to promote a collective investment scheme without the authorization of the Securities and Futures Commission (SFC).
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hk to create fund industry to rival ucits
Hong Kong is in the process of updating its regulation on fund domiciliation in advance of a possible mutual recognition agreement with mainland China, says KPMG.
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another morgan stanley asia employee
Morgan Stanley has again been chastised by Hong Kong’s City watchdog, with one of its researchers receiving a 14-month industry ban.
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ia asian insurance selector forum singapore
International Adviser recently held the inaugural Asian Insurance Selector Forum in Singapore for the bancassurance community.
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mas opens consultation on fair panel
The Monetary Authority of Singapore today opened its consultation on a package of recommendations, published in January, for boosting the standard of financial advice and product provision in the Southeast Asian city/state.