Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
China
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Columbia Threadneedle Fund Watch: 39 funds achieve top-quartile gains over three years
33 more top-performing funds than in Q4 2022
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Momentum: Seven risks for investors to watch for in 2024
Inflation, consumer resilience, and China among concerns
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Tech funds top the rankings for 2023
While tech was the standout performer in 2023, investors in China funds had contrasting fortunes
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Where are the opportunities and challenges for the APAC wealth management sector?
As demand for wealth management services in the region increases
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Lioner International Group opens office in Beijing
In response to demand for family office services in the country
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China trust company reportedly skips payment
It failed to make payments on its wealth management products, according to reports
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Chinese private pension market to hit $550bn by 2030
Following reforms to the market
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Credit Suisse gets green light for China wealth arm
It is set to roll out the venture in the first half of 2023
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Fidelity receives nod to launch China retail fund
Following in the footsteps of Neuberger Berman
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St James’s Place to close Shanghai office
Firm will ‘continue to invest in and grow’ its operations in Hong Kong and Singapore
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Morgan Stanley gets full ownership of Chinese JV
It plans to tap into the growing demand for wealth management and financial advice