singapore implements strict rules for rating
The Monetary Authority of Singapore has implemented a new regulatory framework and code of conduct for credit rating agencies (CRA).
Regions
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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.
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blackrock planning an americas equity ar fund
BlackRock is putting plans in place to launch an absolute return Sicav based on securities in the US, Canada and Latin America.
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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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threadneedle plans nordic expansion
UK-based asset manager, Threadneedle Investments, has announced plans to open an office in the Swedish capital, Stockholm.
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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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wright joins rbc wm americas desk
RBC Wealth Management has hired Michelle Wright for its Americas desk. Wright joined from Barclays Wealth this week, as a director in the UK private client wealth management team.
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barclays wealth downplays argentina exit
Barclays Wealth remains committed to building its high net worth and ultra high net worth client base in Latin America, despite the closure of its Buenos Aires office, the company said today.
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irish funds exceed 1trn for first time
The assets of investment funds domiciled in Ireland surpassed the 1trn (£830bn, $1.28trn) mark at the end of November last year, an increase of 40% on the assets held at the end of November 2009.