RL360 Group completes CMI acquisition
Following regulatory approval from the Isle of Man and Hong Kong, RL360 Group has completed its acquisition of Clerical Medical International Insurance Company (CMI) for an undisclosed sum.
Hong Kong
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Amundi AI announces tie-up with Complus
Amundi Alternative Investments has announced a partnership with Hong Kong-based Complus Asset Management to provide investors with an Asian-focused global macro strategy on its AIFM-compliant platform.
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Singapore outpacing Hong Kong for millionaires
The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.
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Profile: Strabens Hall on transferring the RDR model to Hong Kong
David Benskin has taken the business model of a UK outfit and adapted it into an RDR-style counterpart in Hong Kong, where clients are learning the merits of engaging a fee-based adviser.
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Andy Robinson leaves Zurich in Hong Kong
Zurich Life Insurance in Hong Kong has announced the departure of Andy Robinson, chief propositions officer, after 15 years of service in senior positions with the company.
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Hong Kong brokerage fined $4m over investment sales failures
The Asia arm of Okasan International has been fined $4m after failing to ensure investment products were suitable for clients.
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HSBC results hit by Asia market falls
HSBC has reported a 14% drop in profits for the third quarter of 2015 after adjusting for foreign currency movements, as the sharp falls in stock markets across Asia hit revenues in its retail banking and wealth management division.
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Hong Kong ETF hub risks being left behind, says council
Hong Kong’s advisory body for developing financial services said action must be taken to stop the city from being overtaken by other jurisdictions as a centre for exchange-traded funds.
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Axa IM strengthens Asia equity team with Hong Kong hire
Axa Investment Managers has taken on Simon Weston as its senior equity fund manager for its Hong Kong office as it sets its sights on expanding the business around the world.
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Zurich launches ‘radically changed’ HK savings plan
Zurich International Life has become the latest company to launch a new regular premium savings product in Hong Kong, following the introduction of the GN15 regulations on 1 January this year.
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New Capital unveils four UCITS funds for Hong Kong investors
London-based investment house New Capital has launched four Dublin-domiciled UCITS funds to be sold to investors in Hong Kong.
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Zurich expands general insurance offering in Hong Kong
Swiss-based insurer Zurich has moved to strengthen its business in Hong Kong with an agreement to buy Kono Insurance, an authorized general business insurer.