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.
Regions
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offshore bond sales in uk fall more than 7 percent
Total new business sales of UK distributed offshore bonds last year came in more than 7% below 2010 levels, after what industry experts said was a difficult 12 months for those in the business of marketing these popular and tax-efficient long-term investment products.
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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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uae advisers bet on cisi certification
With the oversight of financial advisers in the UAE in the process of being migrated to the Emirati Securities & Commodities Authority (SCA) from the countrys Central Bank and, it seems, the Insurance Authority the body currently setting the qualifications for SCA-regulated Emirati stockbrokers is gearing up to cater for advisers and wealth managers.
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abacus granted full maltese trust licence
Fiduciary and fund services specialist Abacus has been granted a full trust licence by the Malta Financial Services Authority.
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gibraltar reveals plans to revive qrops
Gibraltars newly-elected government has set its sights on reviving the territorys currently dormant QROPS industry, possibly within months.
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unrest fails to derail bahraini financial sector
Bahrains financial sector grew in 2011, its Economic Development Board said today, despite political unrest in the country during the past 12 months.
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feifa membership grows 20 in six months
IFA trade organisation FEIFA has reported a 20% increase in its membership over the past six months.
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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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uks offshore banks ponder vickers report
UK proposals to force banks to ring-fence their high-street banking operations from their investment banking arms in order to protect them from possible future banking crises have sparked concerns in the offshore banking industry, over the possible changes that these plans could force on the offshore subsidiaries and branches of British banks.
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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.