Former Standard Life head David Nish joins HSBC’s board of directors, while Hong Kong’s SFC appoints new director of enforcement. Manulife Hong Kong’s hires former Axa executive to head up its IT operations.
Both retail and institutional investors agree that financial professionals are falling short on the related issues of transparency and fees, according to a CFA Institute survey report.
The Securities and Futures Commission has established a fintech contact point and set up an advisory group as fintech momentum builds.
Hong Kong’s securities regulator has announced a leadership change at its intermediaries division. BNP Paribas Investment Partners names a new head of emerging market fixed income, while Credit Suisse’s global head of macro products is rumoured to be departing.
Zurich Insurance Group’s existing operations in Hong Kong and Singapore have emerged intact from the current global review into the company’s operations.
After more than a decade as head of emerging market equities, Schroder’s Conway is set to retire. Several high profile people moves have been made in Asia of late; with Aviva, Allianz, and the Hong Kong Monetary Authority announcing changes.
A disappointing fourth quarter saw HSBC report a 7% drop in adjusted pre-tax profit to $20.4bn for the full year to end 2015
Personal wealth is flowing out of China as domestic investors grow increasingly concerned over the markets and economic growth, according to Bank of East Asia.
Fifteen months after bringing its first three ETFs to Hong Kong, the firm is launching four more on February 18.
Even by the very nature of its name, HSBC has always been the most Asian-facing of the multinational super banks, so why does it want to extend its stay in London?
Industry reaction to the news HSBC would retain its London headquarters was mixed, as higher capital requirements and being “trapped” in the European Union might work against the banking giant.
Hong Kong’s main securities regulator has announced plans to allow a limited range of leveraged and inverse products, which are effectively higher risk exchange traded funds (ETFs), to be sold to the public.
