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Market Updates and Analysis

Pictet targets retail market with new hire in Hong Kong

Pictet Asset Management has appointed Laurence Lo as vice president, business development for Asia-Pacific, with the mandate to develop retail fund distribution in Hong Kong and Macau.

Executive pay in Asia surpasses Europe and catches up with the US

Executive pay in Asia has eclipsed that in Western Europe and is catching up with that in North America, as a result of increased pay restraints in the West and the continuous growth in emerging markets, according to Mercer.

ING Insurance appoints chief executive for Hong Kong and Macau

ING Insurance Asia Pacific has appointed Lennard Yong as chief executive officer of its Hong Kong and Macau businesses.

美林:中国富裕人士达53.5万亚洲排名第二

近日,美林全球财富管理(Merrill Lynch Global Wealth Management)联手凯捷顾问公司(Capgemini)共同发布《亚太区财富报告》。报告显示,中国富裕人士达535,000人,仅次于日本,占亚太区富裕人士总数的近两成。

汇丰晋信推出在岸人民币货币市场基金

近日,汇丰晋信基金管理公司正式发行在岸人民币货币市场基金。

招行首发银银合作系列产品

近日,招商银行首度发布银银合作产品,包括财富管理、融资交易、代理合作、新兴业务及培训咨询五大系列。

中国银监会正式印发《商业银行理财产品销售管理办法》

向社会公开征求意见后,近日,银监会正式印发《商业银行理财产品销售管理办法》(以下简称《办法》)。

Hong Kong regulator fines Citi HK$6 million

Hong Kong’s Securities and Futures Commission has reprimanded and fined Citigroup Global Markets Asia Limited HK$6 million in relation to a fraudulent scheme.

Julius Baer hires Greater China head from Deutsche Bank

Julius Baer has hired Victor Chao as its new Greater China team head.

Clariden Leu adds five to South-east Asian team

Clariden Leu has added five senior executives to strengthen its business in South-east Asia.

Singapore consults on reforms for fund managers

The Monetary Authority of Singapore has issued a consultation paper seeking comments on draft legislation to implement a revised regulatory regime for fund management companies to enhance business conduct.

New study reveals family businesses as pillar of Asian economies

Family businesses are a critical pillar of Asia’s economies and will continue to be a crucial source of private wealth creation in the region, a report by Credit Suisse has revealed.

Survey reveals private banking AUM growth of 76% since 2007

A recent survey has revealed that the assets under management held by the top 20 private banks in Asia Pacific has increased 76% to nearly US$1 trillion since 2007.

Asian philanthropists sharpen focus on strategic giving

In their bid to make a long-term impact on the region’s social issues, Asian philanthropists are starting to emphasise innovation, scale and measurable results in the execution of their philanthropic initiatives, according to a new report commissioned by HSBC Private Bank.

FTSE and Bursa Malaysia launch new sector indices

The FTSE Group and Bursa Malaysia have launched a new set of industry and sector indices, designed to provide investors with a new set of tools to analyse the Malaysian stock market.

Hong Kong regulator reminds investors about margin trading risks

Amid high levels of market volatility, Hong Kong’s Securities and Futures Commission (SFC) has reminded investors who engage in leveraged or margin trading to closely monitor their positions.

瑞士宝盛任命大中华区新主管

瑞士宝盛银行(瑞士宝盛)近日宣布,赵治平先生加入该行并出任大中华团队主管,同时任命曾安榕小姐负责大中华地区的一个新的战略项目,专注发展关键客户业务。他们都驻扎香港,直接向亚洲区首席执行官缪康宏博士(Dr Thomas R. Meier)汇报。

台湾修正券商自行参与外国避险交易规范

近日,台湾金管会发文,修正证券商自行买卖外国有价证券及从事外国衍生性金融商品避险交易规范。

SFC seeks feedback on new anti-money laundering guidelines

Hong Kong’s securities regulator is consulting on proposed changes to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, aimed at assisting licensed corporations in designing and implementing appropriate and effective policies, procedures and controls.

建行辽宁私人银行开业

近日,中国建设银行辽宁分行私人银行在沈阳正式开业。

Falcon Private Bank loses head of Asian business

Falcon Private Bank is without a head of its Asia Pacific business after Alex Jagmetti recently left the firm – less than 12 months after taking up the role.

UBS hires new Singapore country head and wealth chief

UBS has hired Edmund Koh as Singapore country head and chief executive officer for its local wealth management business, as of early next year.

US financial firms boost AML spending

The majority of US financial institutions are increasing their spending on anti-money laundering programmes, according to a new survey by KPMG – with some institutions almost doubling what they spent a few years ago.

UBP continues Asian growth in private banking

Union Bancaire Privée is further expanding its Asian business with three more senior hires in Singapore and Hong Kong.

Hong Kong regulator warns investors about structured products

Hong Kong’s securities watchdogs have issued a reminder to investors in light of recent market volatility about the credit risks associated with structured product issuers.

AmBank and ANZ forge priority banking alliance in Malaysia

AmBank Group and ANZ have agreed to introduce ANZ’s signature priority banking service to AmBank’s and AmIslamic Bank’s affluent retail banking customers in Malaysia.

BlackRock raids ING for new head of Asian fixed income

BlackRock has hired Joel Kim as its new head of Asia-Pacific fixed income, to be based in Singapore.

Manulife bolsters wealth management offering in Singapore

Manulife has expanded its senior management team in Singapore, with key appointments in wealth management, marketing and human resources.

Singapore appeal court explains bank's duty of care for customers

A legal case in Singapore has explained that while a private bank did not owe its customer a contractual duty to provide advice about his investments, it did owe them a contractual duty of skill and care in carrying out their investment instructions.

Indian wealth management forum draws record crowd

More than 450 leading practitioners from the Indian wealth management community gathered this week in Mumbai to discuss and debate many of the key opportunities and challenges facing all players.



 

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