A new study by Christie’s International Real Estate, “Luxury Defined: An Insight into the Luxury Residential Property Market”, compares 10 of the world’s top property markets, and debuts the Christie’s International Real Estate Index.
Global index provider STOXX Limited has celebrated its 15th anniversary with the launch of a new blue-chip China index.
Hong Kong’s Securities and Futures Commission (SFC) has welcomed the changes to the rules around the mainland’s RMB Qualified Foreign Institutional Investor (RQFII) scheme.
Indian debt mutual funds will aggregate smaller transactions for investors who try to game to get same day NAVs.
The Pension Fund Regulatory and Development Authority (PFRDA) has appointed Life Insurance Corporation (LIC) as the default annuity service provider for the National Pension System (NPS).
According to news reports, Standard Chartered Bank is the frontrunner to buy Morgan Stanley's wealth management business in India.
Falcon Private Bank has never been involved in the process of bidding for BSI Bank – and has ruling out doing so.
RBC is continuing to expand its wealth management offering in Asia with three senior hires in Singapore and Hong Kong.
As part of efforts by Labuan International Business and Financial Centre (Labuan IBFC) to heighten the awareness of its wealth management products and services, the Labuan Financial Services Authority has designated 2013 as its “Wealth Management Year”.
Nomura Securities announced on Monday that it has adopted the Nomura Research Institute Advisor Platform as a wealth management software solution to assist its financial advisers.
Despite losing 50 relationship managers in 2012, Shanghai-based IFA Noah Holdings has announced that its net revenues for the year were US$86.7 million, a 20.1% increase from 2011.
The International Finance Corporation (IFC) has introduced a new financial instrument to help China internationalise its currency: the first RMB-denominated note.
CIMB-Principal has launched its new Enhanced Opportunity Bond Fund, a close-ended fund that will invest predominantly in Asian bonds, and aims to provide potential returns above traditional deposits such as fixed deposit.
A recent EDHEC-Risk Institute survey of international investment professionals has found a distinct lack of satisfaction with corporate bond indices.
Hitungshu Debnath, head of sales, marketing & investor services, at Tata Asset Management has left the firm.
HSBC Global Asset Management has announced the removal of exit loads from all its mutual fund schemes effective 1 March, 2013.
The Insurance Regulatory and Development Authority (IRDA) has appointed T.S. Vijayan as chairman to succeed J Hari Narayan, who stepped down on 20 February 2013.
In a move to further strengthen its Asia-based offering for independent asset management (IAM) companies, Pictet & Cie is setting up a new IAM department in Hong Kong – adding to its existing presence in Singapore.
Withers, the law firm, has announced the launch of Withers Consulting Group (WCG), an independent international consultancy business dedicated to helping family offices and entrepreneurs with their strategic planning.
Threadneedle Investments has signed a distribution partnership with DBS to meet growing investor demand for emerging market bonds.
Barclays has promoted Vikram Malhotra to global head of the bank’s Global South Asia Community (GSAC) business.
Expersoft Systems has strengthened its offering in Asia by hiring Robin Tan as manager, implementation and support for Asia Pacific, from Union Bancaire Privee.
OCBC Bank has made three senior management appointments, including a new head of its China business.
According to a global survey of investment managers by Towers Watson, fund managers are feeling more optimistic about equity returns, while remaining negative on world growth and medium-term government bonds.
The World Gold Council has released data on global gold demand in 2012, revealing strong growth since 2011, driven by India, China and central bank demand.
Diamonds had a tough year in 2012, with De Beers reporting total sales of US$6.1 billion, a 16% decrease on the previous year’s figure of US$7.3 billion. Diamond production totalled 27.9 million carats last year, compared with 31.3 million carats in 2011.
The Bombay Stock Exchange (BSE) and S&P Dow Jones Indices have teamed up in a strategic partnership that brings together BSE’s 30-strong India index suite – which includes the SENSEX – and S&P Dow Jones Indices’ 115 years of experience in publishing global benchmarks.
Asians believe their savings will only cover 10 out of the 18 years they expect to live in retirement, according an HSBC study into global retirement trends.
Investment specialist RobecoSAM has partnered with S&P Dow Jones Indices to launch the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets).
Despite the continued global economic slowdown, the luxury market in India is expected to enjoy 25% growth and reach US$14.7 billion by 2015, according to a new study by ASSOCHAM-Yes Bank.
