quach named to succeed smith at fpi
Friends Provident International (FPI) has appointed Jonathan Quach to succeed Trevor Smith as sales director of its increasingly-important Hong Kong office.
Asia
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fidelity to sell indian fund arm
L&T Finance Limited, a subsidiary of technology, engineering and construction group Larsen and Toubro, is set to acquire Fidelity Worldwide Investments Indian mutual fund business.
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hong kong financial planner of the year
The Institute of Financial Planners in Hong Kong has today launched its annual financial planner awards with a rigorous looking application format aimed at recognizing financial planning practitioners and rising talents who excel in their professional knowledge in Hong Kong.
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singapore regulator unveils review of industry
The Monetary Authority of Singapore has stunned the country’s advisory and insurance industries by announcing a major review that is seen as potentially changing the way financial advice is given to Singapore residents.
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wealthy asians hungry for financial advice
Nine in ten affluent Asians expect their financial services provider to offer education on investments and wealth management, according to a major study conducted by Standard Chartered Bank and Scorpio Partnership, a global strategy research company.
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pru profits soar to 2bn as thiam leaves
Prudential generated total IFRS profit before tax of £2bn last year, boosted by its Asia business which became the companys most profitable division for the first time.
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infinity in shanghai jv with essential finance
Infinity Financial Solutions, a Malaysia-based advisory firm which specialises in looking after expatriates living in Asia, has agreed a joint venture deal with Shanghais Essential Finance to look after clients in China.
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hwang im targets myr20bn aum in five years
One of Malaysias largest investment management companies, Hwang Investment Management, has announced plans to grow its assets to myr20bn within the next five years.
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axa buys hsbc p and c arms
Axa will acquire HSBCs property and casualty businesses in Hong Kong, Singapore and Mexico, the firm announced today. The French insurance giant has also signed an exclusive ten-year P&C bancassurance deal with HSBC in these countries, as well as in India, Indonesia and China.
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hk commissioners letter reignites issue
A letter sent last week by Hong Kongs Commissioner of Insurance to Hong Kong’s insurance industry practitioners has sparked surprise and frustration among many independent insurance brokers and IFAs, with its implication that commission disclosure is to be fully compulsory within two months.
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hong kong sfc bids to reduce systemic risk
Hong Kong’s Securities and Futures Commission (SFC) has tightened its oversight of risk management and strategy planning with the creation of a centralised unit.
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q4 took toll on investors in hk singapore
Investor confidence in Hong Kong and Singapore fell sharply in the fourth quarter of last year, according to the seventh Investor Attitudes study from Friends Provident International.