bea union investment management names chan cio
BEA Union Investment Management has appointed Henry Chan Yue-Hung as chief investment officer with immediate effect.
Hong Kong
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friends provident knights resigns
David Knights, Friends Provident Internationals general manager for the North Asia region, has left the company.
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Open ended fund structure planned for Hong Kong
The Hong Kong government has announced measures to boost the development of the local asset management industry.
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citibank appoints luk hk head of insurance
Citibank has appointed Virginia Luk as head of insurance for Hong Kong with immediate effect.
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varley to lead axa hk singapore push
Axa Hong Kong (Life) and Axa Singapore (Life) are to target Asia’s growing number of high net worth individuals with a new range of products and services, and have named David Varley to oversee the operation.
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AIA new business grows in 2013
The value of new business at Asia’s largest insurer AIA Group grew by a quarter during the year to the end of November, despite a decline in net profit.
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standard chartered reported selling hk
Standard Chartered is looking to sell its Hong Kong consumer finance business, PrimeCredit, as part of a strategic repositioning, according to a published reports. The bank declined to comment.
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former abn amro employee banned over forgery
Hong Kong's Securities & Futures Commission said it has banned a former employee of what at the time was known as ABN AMRO Bank from re-entering the industry for three years from 19 February, following his conviction in 2012 on one count of "copying a false instrument".
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hk fund industry net sales slump in 2013
The Hong Kong fund industry witnessed a slump in net sales in 2013 over the previous year, according to Hong Kong Investment Funds Association, which attributed the decline to bond funds which saw net annual outflows for the first time since 2007.
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bonds remain out of favour with hk fund managers
The majority of asset managers in Hong Kong are optimistic about the outlook for equity markets and many continue to hold a negative view of bonds, according to a recent survey.
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HK proposes means to sort nonviable fin inst
The Hong Kong government has initiated a consultation process that can resolve the problems faced by the non-viable financial institutions effectively without disturbing the financial system.
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ogiers leese returns to guernsey
Marcus Leese‚ a partner with the internationally-focused Ogier law firm‚ has relocated to Guernsey after completing a four-year secondment in Hong Kong‚ where he established the company’s presence in Asia.