Singapore sharpens focus on data and IT systems
Following the theft of a large number of clients' bank statements, the Monetary Authority of Singapore (MAS) is in the process of reviewing Standard Chartered Bank's investigation report, to determine whether regulatory action against the bank is warranted
BNY Mellon expands separately managed accounts business
Having received a Capital Markets Services licence in Singapore, BNY Mellon will now offer its separately managed accounts (SMA) platform locally - in addition to in Hong Kong.
UK tax announcements impact Asian investors
Asian investors in the region must take note of the UK's Autumn Statement, which could cause them to reconsider what they put in their real estate portfolio.
Franklin Templeton offers USD fund option in Malaysia
Franklin Templeton Asset Management in Malaysia has launched a US dollar share class for two of its global flagship funds, the Templeton Global Total Return Fund and the Franklin US Opportunities Fund.
Ogier partner wins first Hubbis award for professional services
Marcus Leese of Ogier has won the first Hubbis "Excellence in Professional Services Award".
Swiss banking associations rethink focus
The Swiss Private Bankers Association and the Groupement des Banquiers Prives Genevois (Geneva;s Private Bankers) are exploring changes to their structure and focus, in a desire to continue fostering close cooperation between member banks.
CIMB Wealth Advisors launches exclusive club for HNW investors
CIMB Wealth Advisors, an agency distribution platform under CIMB-Principal Asset Management, has launched Star Club, an exclusive membership that offers a host of financial benefits and lifestyle privileges to high net worth investors.
Vanguard names new head of investment strategy for Asia
Vanguard has appointed Jeffrey Johnson to lead its investment strategy and research team in Asia Pacific.
Guernsey commits to OECD common reporting standard
Guernsey has committed to the early adoption of the next set of OECD measures to tackle tax evasion.
Asia Frontier Capital launches new Vietnam fund
Asia Frontier Capital has launched the AFC Vietnam Fund, a Cayman Islands open-ended fund will invest in Vietnamese listed equities and has a target size of US$50 million.
Cayman Islands commits to greater international transparency
The Cayman Islands has signed an agreement with the US that paves the way for automatic exchange of tax information under the US Foreign Account Tax Compliance Act (FATCA).
SingCapital adviser a winner of Hubbis-Standard Life IFA awards
Adeline Tan of SingCapital is the latest winner of Hubbis' "Standard Life Excellence in Financial Advisory Award".
Credit Suisse bolsters Greater China private banking team
Credit Suisse has made a senior hire from Julius Baer to strengthen its Greater China private banking team and enhance its ultra high net worth (UHNW) client capabilities.
Guernsey strengthens ties with China
Guernsey's chief minister, William Mason, has signed a Memorandum of Understanding (MoU) with the China Securities Regulatory Commission.
Henderson hires head of Asia equities
Henderson Global Investors has hired Andrew Gillan to head up its Asia ex-Japan equities team.
OIL steps up its push into South-east Asia and India
Offshore Incorporations Limited (OIL), a leading company formation specialist, has appointed Rajiv Kumar Singh as general manager, to lead and accelerate its growth initiatives in South-east Asia and India.
Swiss merger to create leading independent asset manager
Infidar Investment Advisory, part of the Julius Baer Group, and WMPartners Wealth Management, have announced plans to merge, to create one of the largest independent asset management companies in Switzerland.
Credit Agricole reveals senior private banking appointments
Credit Agricole has announced three senior appointments in the private banking management team at Credit Agricole Suisse.
Deutsche and Harvest launch first RQFII product in Europe
Less than two weeks after the launch of the first RQFII product in the US, Deutsche Asset & Wealth Management (DeAWM) and Harvest Global Investments have again teamed up to announce the approval of another unprecedented RQFII product - to be launched in Europe.
Singapore must re-invent to stay ahead as fund centre, says PwC
A new paper by PwC suggests that Singapore needs to vary its investment structures, vehicles and flexible frameworks if it wants to stay ahead as a funds centre in Asia.
Zurich to discontinue using tied agents in Hong Kong
After conducting an extensive review of its distribution strategy for its life insurance business in Hong Kong, Zurich has decided to focus on selling its products through IFAs and other channels, rather than tied agents.
Mercer to deliver wealth management adviser portal
Mercer has engaged Financial Express (FE) to provide the technology and data behind the Mercer Advisor Portal (MAP). The collaboration, and the launch of MAP, is part of the firm's continued efforts to bring institutional-quality research to the wealth management sector.
Assentis Technologies announces new chief executive
Assentis Technologies has appointed Martin Kraehenbuehl as chief executive officer, replacing Urs Tanner, who has left to take a sabbatical.
J.P. Morgan Asset Management receives RQFII licence
J.P. Morgan Asset Management has become one of the first international asset management companies to receive a Renminbi Qualified Foreign Institutional Investor (RQFII) licence from the China Securities Regulatory Commission.
Henderson acquires H3 Global Advisors
Henderson Global Investors has acquired 100% of the equity in H3 Global Advisors, an Australian and London-based alternative investment management firm that specialises in active and enhanced commodities strategies.
Hong Kong donors gave US$877 million in 2012, says Coutts
According to Coutts' first international Million Dollar Donors Report, 104 million dollar-plus donations were made by 47 donors in Hong Kong in 2012 - worth a combined value of US$877 million.
Singapore and Hong Kong investors worry about retirement saving
Saving for retirement is currently a primary concern for Singapore and Hong Kong investors, according to the Friends Provident International Investor Attitudes survey 2013.
Art investors await Hong Kong exhibitions
Art investors are gearing up for "Art Gallery Week" in Hong Kong from 20 to 28 November to celebrate the city's vibrant art scene.
BNY Mellon granted Singapore Capital Markets Services licence
BNY Mellon has been awarded a Capital Markets Services licence by the Monetary Authority of Singapore for its new dedicated Singapore-based subsidiary to provide local fund management services.
Deutsche and Harvest launch China-focused ETF in New York
Deutsche Asset & Wealth Management has partnered with Harvest Global Investments to launch the db X-trackers Harvest CSI 300 China A-Shares Fund.