Barclays Wealth adds senior advisory duo in North Asia
To strengthen its advisory and investment solutions capabilities in North Asia, Barclays Wealth has recruited Fabian Neo as head of FX advisory and Chi Lee as head of active advisory and investment solutions.
Hong Kong regulator urges caution in volatile markets
In the face of dramatic market fluctuations, Hong Kong’s securities watchdog is reiterating to investors the importance of understanding the structures of products they are buying, and of closely monitoring the credit risks of product issuers and their counterparties.
DBS Bank to invest S$250 million in private banking
DBS Bank will invest S$250 million over the next five years in its private banking platform in Singapore and Hong Kong – directed at developing its people, products and platform.
ABN AMRO backs high-dividend companies and real estate
Following the rapid rise of gold and intervention to control further Swiss franc appreciation, ABN AMRO is recommending investors to focus on cash-generative companies and real estate to provide solid yields as alternative safe havens.
Commonwealth Bank appoints new private banking chief
Grahame Petersen has been appointed as group executive for business and private banking at Commonwealth Bank.
Banque Privée Edmond de Rothschild secures Hong Kong licence
The Hong Kong Monetary Authority has granted a banking licence to Banque Privée Edmond de Rothschild under the Banking Ordinance.
Man Group beefs up investment management in Asia
Man Group is strengthening its investment management operations in Asia by appointing David Mercurio as head of Asia equity and co-head of global equity strategies, and Pierre Lagrange as chairman of Man Asia.
Asia's affluent are young and growing, says HSBC survey
A recent survey by HSBC has revealed that the youngest affluent populations in Asia are in China, Indonesia and India, with average ages of 36, 38 and 39 respectively.
Asia's middle-income earners reveal need for protection
The majority of middle-income earners in Asia feel a greater need to protect their lifestyle, according to a recent survey by ING Insurance, with around half of respondents saying they intend to buy an additional insurance policy in the next 12 months.
EFG Bank wins Hubbis wealth management poll
EFG Bank is the best private bank to work for in Asia, according to Hubbis’ 2nd annual peer's poll of the industry.
Hong Kong regulator fines broker for failing to keep phone records
Hong Kong’s securities regulator has fined a local broker for failing to keep recordings of phone conversations involving a client placing orders.
Derivatives regulators release commodity guidelines
Global securities regulators have released their report on principles for the regulation and supervision of commodity derivatives markets.
AXA bolsters funds distribution sales team
AXA Investment Managers has hired Sandra Lau in a funds distribution sales role, with a focus on South-east Asia.
Hong Kong refines requirements for professional investor status
To implement proposals that refine the requirements for professional investor status, Hong Kong’s Securities and Futures Commission has announced the amendment of the Securities and Futures (Professional Investor) Rules 2011.
Aberdeen strengthens Asian private banking focus
Aberdeen Asset Management has hired a senior business development manager for its private banking channel business in Hong Kong.
DBS commits to China after record earnings
DBS Bank has re-affirmed its commitment to growing its China business after releasing a record-high half-year earnings report, with net profit growing 160% compared with last year, and surpassing its 2010 full-year earnings.
SGX to enhance default management framework for derivative contracts
Singapore Exchange has issued a consultation paper with a proposal to enhance its default management framework for exchange-traded and over-the-counter derivative contracts.
Morgan Stanley loses head of onshore wealth in Asia
Les Menkes has resigned from his position as head of onshore private wealth management for Morgan Stanley in Asia.
Latest China rich lists released
Forbes and Hurun Research Institution have released their 2011 China rich lists, with Liang Wengen, chairman of construction equipment manufacturer Sany Heavy Industry, taking the number-one spot in both of them.
Survey reveals pitfalls of poaching
The shortage of talent in Asia’s wealth management industry has made poaching dominant as a growth and recruitment strategy among many banks and other firms – but a new survey shows it is not an effective approach.