The Hongkong and Shanghai Banking Corporation Limited (HSBC), the wholly-owned subsidiary of HSBC Holdings plc, has confirmed that it is in discussions concerning a possible sale of its retail banking and wealth management business in Korea to The Korea Development Bank, a member of the KDB Financial Group.
The Hong Kong regulator has suspended a director of advisory firm Able Alliance International Limited, for the late filing of financial statements and making false claims.
Managing Partners Limited has launched a Norwegian share class of its Goodwood Segregated Portfolio.
Investec AM has recruited Victoria Harling from Nomura to work on its emerging market debt strategies.
BNY Mellon has appointed Jane Caire in a newly-created role in Asia-Pacific, to spearhead what it terms a “10-year-plus journey” to build up its business and product offering in the region.
Allied Irish Bank continues to scale down, with plans to close its Isle of Man and Jersey-based operations by the end of 2013.
The Isle of Mans Financial Supervision Commission has issued a warning in relation to Alpha Fund Management, a potentially fraudulent entity claiming to be located on the island.
BNP Paribas Investment Partners has outlined what it plans to do with its emerging market fixed income offering, following news that BlackRock poached seven of its EM debt team.
The Spanish government last week approved its first ever trust tax amnesty for individual and corporate taxpayers.
Investment giant, Nikko Asset Management, has become the first representative from the Asian investment industry to join the newly formed global trade organisation, ICI Global.
Jersey authorities today finally lodged legislation that is designed to pave the way for the UK pensions of non-Jersey residents to be transferred there.
John Lester, who today was revealed to be leaving his job as Neptune Investment Managements head of strategic partnerships, told International Adviser that the start-up he and two Neptune colleagues are joining is expected to operate in jurisdictions outside the UK.
