aam lures shoon from ipp
AAM Advisory, an expat-focussed Singapore advisory firm which had its origins as a local franchise of PKF, has lured Mark Shoon from IPP Financial Advisers to be its head of compliance.
Asia
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kinetic opens first office in asia
Kinetic Partners, a company which provides professional services to the asset management, investment banking and broking industry, has opened its first office in Asia.
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manulife hong kong sales force hits 5000
The number of full-time agents selling Manulife insurance products in the Hong Kong market touched 5,000 at the end of 2011, a 9% increase over the preceding 12 months, Manulife Hong Kong said yesterday.
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osborne says london to trade renminbi
UK Chancellor George Osborne today announced plans to make the City of London a major international renminbi trading centre, as Britain seeks to establish itself as major player in the increasingly important Chinese currency trade.
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hk regulator disciplines brokers
The Securities and Futures Commission has fined a former broker at Fulbright Securities Limited HK$50,000, and suspended the licence of a CITIC Securities Brokerage supervisor.
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skandia broker in hk commission case win
Royal Skandia and a local insurance broker have won a High Court case in Hong Kong over commission disclosure that is seen as having potentially significant, and positive, repercussions for the jurisdictions insurance brokerage and advice industries.
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sturgeon plans central asian equities fund
Hedge fund manager Sturgeon Capital plans to launch a Ucits-compliant Central Asia Equities Fund, offering investors exposure to such markets as Kazakhstan, Turkmenistan and Georgia.
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axa announces ipac closures in hk singapore
Axa has announced that it plans to close its Ipac financial planning businesses in Hong Kong and Singapore in the first half of 2012, as it seeks to shift its focus in Asia back to insurance.
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frustration among hk insurance brokers
Insurance brokers in Hong Kong are expressing frustration over an industry agreement that they inform clients whenever they are due a commission from the sale of insurance products, even though their main rivals in the marketplace insurance agents, which typically represent the major insurance giants do not have to.
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axa sells hong kong based Ipac advisory firm
Axa Group is looking to sell those parts of its Hong Kong-based Ipac advisory company that it did not dispose of last year, as it seeks to bring to an end a nine-year affiliation with the self-described holistic lifestyle financial planner, market sources say.
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india to open stock market to foreign investors
Foreign investors are to be allowed direct access to Indian equities, in a policy shift designed by the Indian government to increase the depth of the stock market and increase foreign inflows into the country.
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guernsey signs tiea with India
Guernsey has signed a Tax Information Exchange Agreement (TIEA) with India, the 13th with a G20 member.