Hong Kong’s financial regulator has said it is to work closely with the Malaysian authorities to develop its Islamic financial market and promote Shariah-compliant products to both local and international investors.
BlackRock has launched its Luxembourg-domiciled Asian Growth Leaders Fund to retail investors in Hong Kong.
Axa Investment Management has broadened the number of its funds which are available in Asia, registering a range in Singapore for the first time and making a further seven available to investors in Hong Kong.
Vanguard has unveiled three exchange-traded funds in Hong Kong including the country’s first ETF providing investors with exposure to European equities.
HSBC Global Asset Management has named Pedro Bastos it chief executive officer for Hong Kong and regional head of Asia Pacific.
Lawmakers in Hong Kong have started to debate details of a bill which is expected to establish an Insurance Authority next year as part of a major reform of the insurance industry.
Friends Provident International has said it is considering launching a retirement product for its Hong Kong and Singapore client base, in line with its strategy of focussing on local expatriate markets.
Natixis Global Asset Management has strengthened its wholesale marketing and sales team in Singapore as it looks to register further funds in Hong Kong.
Manulife Singapore has appointed Naveed Irshad as its president and chief executive.
The Hong Kong Securities and Futures Commission (SFC) has ordered that Ernst & Young hand over accounting records relating to the time it spent working as the accountant and auditor for Standard Water Limited.
Regulators in Hong Kong are reportedly looking to further tighten the sale of investment linked insurance products, following increased concerns about their sale from consumers.
Manulife has poached Kai Sotorp, UBS Global Asset Managements chief executive for the Asia Pacific region for a newly created role of executive vice president and global head of wealth and asset management.
