singapore paper reports fair review
The much-anticipated recommendations of a panel set up to review the way investment products and advice are delivered to Singapore’s residents have been published, the Straits Times is reporting.
Asia
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sun Life and khazanah nasional in final talks
Sun Life and Khazanah Nasional are in final talks to buy the Malaysian joint venture of CIMB Group and Aviva, according to local media reports.
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aviva bid for singapores pias
Aviva’s deal to acquire around 81% of the holding company which owns Singapore’s Professional Investment Advisory Services Pty is still on, in spite of being at least two months late in its scheduled completion, according to the managing director of the Australian company selling PIAS.
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asian and indian clients catered for
Standard Life, which last year formally opened an office in Singapore in preparation for marketing investment products there, today unveiled a suite of three basic products that it plans to market specifically to affluent Asian and Indian clients as well as to the more traditional, English-speaking expatriate sector.
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hsbcs ping an insurance stake sale hits problems
HSBC’s planned sale of its $9.4bn stake in Ping An Insurance to Thai conglomerate CP group is likely to be rejected by China’s insurance regulator, according to reports.
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prudential in deal with acleda bank
Prudential Corporation Asia has established a “long term strategic distribution partnership” with ACLEDA Bank Plc to market life insurance products in Cambodia, and has signed up its first clients there.
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Singapore signs up for IMF financial stability
Singapore’s financial regulator and central bank has said the country will participate in the International Monetary Fund’s Financial Sector Assessment Programme in 2013.
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friends life sells 30 malaysia insurer stake back
Resolution Ltd’s Friends Life subsidiary has sold its 30% stake in the Malaysian Shariah-compliant insurance business it acquired in 2008 back to its joint venture partner, AmBank Group.
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insurance company and director acquitted
An insurance company and one of its directors in Hong Kong have been acquitted of aiding and abetting unlicensed sales of an investment fund.
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mas reprimands aon consulting for improperly
The Monetary Authority of Singapore has reprimanded Aon Consulting (Singapore)Pte, part of the London-based insurance and consulting giant Aon plc, for violating regulations covering financial advisers.
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mbe to mbmg founding partner macdonald
Graham Macdonald, one of the founders of the Bangkok-based advisory business MBMG Group and its managing director, was awarded an MBE in the Queen’s New Year honours list, published at the end of December.
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ing sells malaysian fund management business
Kuala Lumpur headquartered asset manager Kenanga Investors has bought ING’s Malaysian fund management business, part of a strategic sell-off by ING which also saw it complete the sale of ING Malaysia to AIA Group earlier this week.