hsbc creates north asia chief executive role
HSBC Private Bank has appointed Bernard Rennell to the newly created position of chief executive for North Asia, subject to regulatory approval.
Asia
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barclays wealth plans china desk in singapore
Barclays Wealth will expand its Hong Kong-based banking team and set up a Greater China desk in Singapore.
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singapore life insurance sales slow
Sales of insurance products in Singapore slowed to a year-on-year increase of 18% in the third quarter of 2011, after posting a 38% leap in the first half, the Life Insurance Association of Singapore has reported.
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nikko am plans tokyo flotation
Nikko Asset Management, the Japan-based fund manager which is seeking to expand its footprint in southeast Asia, plans to list on the Tokyo Stock Exchange next month.
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prudential rebrands asia asset management arm
Prudential is re-branding its Asia asset management operations Eastspring Investments, as it plans to expand its offering in Europe and Asia and to enter the North American market.
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manulife to enter cambodia market
Canadian insurance giant Manulife said it has received approval in principle from Cambodias Ministry of Economy and Finance to set up a wholly foreign-owned life insurance operation in the country.
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citi and bosera unveil china balanced
Citigroup First Investment Management and Bosera International have teamed up to launch China Balanced, a Cayman Islands-domiciled unit trust investing in China-related equities and bonds.
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manulife strengthens ties with bank of china
Manulife Financial, the Canada-based insurance giant, has signed a new framework agreement with Bank of China, which it says will run for a minimum of two years.
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expats in china brace for new expat tax
China is putting the finishing touches on a new regime for taxing foreign workers as it continues to build its social services infrastructure.
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hong kong regulator issues clarifications
Hong Kongs regulator has warned banks and other authorised institutions that it is increasing its scrutiny of renminbi trading, as part of an effort to ensure that such trading conforms with regulations aimed at preventing speculation in the Chinese currency.
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standard life intl eyes singapore
Standard Life is in discussions about applying for a licence to operate in Singapore, as it looks to implement a strategy unveiled earlier this year of expanding beyond its Asian foothold of Hong Kong.
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fidelity criticised for breaching takeover code
Fidelity Worldwide Investment has been publicly criticised by the Hong Kong regulator for failing to disclose a large position it held in Little Sheep, a company which was subject to a takeover.