PEOPLE MOVES: JTC, HSBC Retirement Services, Whitman AM
Financial services firm names private client COO, as life subsidiary appoints head of distribution
Financial services firm names private client COO, as life subsidiary appoints head of distribution
Private bank names Emea head of Asia coverage, while asset manager hires head of UK distribution
The vehicle is the firm’s first offering under the Mutual Recognition of Funds scheme
It will be launching a technology-focused multi-asset product after receiving regulatory approval
Plans include product launches in China and in Hong Kong and ETFs outside Asia
Hong Kong-based Value Partners has joined Fidelity, UBS Asset Management and Man Group with the launch of an onshore China fund, as momentum for foreign-managed products targeting China’s professional investors continues.
Hong Kong-based asset manager Value Partners Group is promoting its expertise in Asia in a bid to attract UK and European sales to its Global Emerging Markets (Gem) strategy.
Hong Kong’s Value Partners has formed a strategic partnership to distribute funds with media company Forbes, which is branching into financial services.
Aberdeen Asset Management has expanded its Taiwan business by fully acquiring Value Partners Concord Asset Management.
The Hong Kong Securities and Futures Commission (SFC) has fined asset manager Value Partners and its subsidiary Value Partners Hong Kong HK$4m (£412,479, $515,644, €479,669) for breaching regulations in the management of two SFC-authorised funds.
Value Partners has poached the chief executive of Prudential’s Asian investment arm, Eastspring Investments. Standard Life Investment has named a head of investments, with Nordea Asset Management replacing its outgoing chief executive.
Lombard International Assurance has named a new head of distribution, while similarly named but-not-to-be-confused-with Lombard Odier Investment Managers has brought an entire investment team on board. The Investment Association is on the recruitment hunt for a new chair.