The Hong Kong Securities and Futures Commission (SFC) said it has banned Joyce Hsu Ming-mei, a former licensed representative of Merrill Lynch (Asia Pacific) Ltd from the financial services industry “for life”, in the latest of a series of actions taken over the past two years in response to a fraud that was found to…
The deVere Group has added another country to its roster, with the opening of an office in New Delhi.
Ravi Menon, managing director of the Monetary Authority of Singapore, has called for tax reform in the advanced economies to be a top priority and for the debate to focus specifically on the structure of the system.
Easton Investments, a Melbourne, Australia-based, Australian Securities Exchange-listed company, is purchasing a 19.9% stake in Singapore’s AAM Advisory, as it seeks to boost its presence in the booming southeast Asian city-state.
Singaporean insurers and others are being invited to submit their views on a plan by Singapore's regulator to tighten up on the rules under which direct general insurers and reinsurers in the city-state are permitted to carry out their investment management activities.
India has become the latest country to move to increase the oversight of those who provide investment advice and products to its citizens, with the publication this week of new regulations targeting investment advisers.
Standard Life Investments has appointed Allen Wang as head of Asia institutional business, as part of a wider growth strategy in the region which also sees other senior investment directors move east.
Hong Kong’s Securities and Futures Commission has announced plans to create a mutual fund platform which will allow asset managers in HK to distribute funds into mainland China and Chinese managers to distribute into Hong Kong.
Financial advisers and insurance industry executives in Singapore say a just-released raft of recommendations for improving the standards of Singapore’s financial advisory industry is “fair”, and properly takes into account the industry’s current level of development, as well as that of its market.
Aviva’s deal to acquire around 81% of the holding company which owns Singapore’s Professional Investment Advisory Services Pty (PIAS) is going ahead, following approval this week from the Singaporean regulator.
Aviva has reached an agreement to sell its 49% stake in Malaysian joint venture, CIMB Aviva Assurance and CIMB Aviva Takaful, to Canadian insurer Sun Life Assurance for £152m.
A complete ban on advisers receiving commissions in exchange for recommending investment products was not included among the recommendations published today by Singapore’s Financial Advisory Industry Review Panel.
