Julia Leung has been re-appointed as executive director for intermediaries and has been given a deputy CEO role for three years, according to a statement from the regulator.
Author Archives: Francis Nikolai Acosta
Francis is editor for Fund Selector Asia, covering the asset and wealth management industry in Asia. He joined Last Word Media in November 2016 as a senior journalist and became deputy editor in 2019. Previously, he was a reporter at Ignites Asia, A Financial Times service, also covering the region's asset management industry. He has a Master's degree in journalism from The University of Hong Kong.
Private banks neutral on US equities
US companies are expected to have high earnings this year, but Bank of Singapore, UBS Wealth Management and Deutsche Bank Wealth Management are finding more opportunities in other equity markets.
In case you missed it (2 March 2018)
SSGA names new APAC head; Capital Group creates new fixed income role; Lombard Odier to launch a sustainable fund; more fintech cooperation agreements in Hong Kong and Singapore; China relaxes rules for foreign banks; SFC continues to watch for mis-selling of financial products; and more…
China Everbright acquires US asset manager
EBA Investments, the real estate asset management arm of Hong Kong-listed China Everbright, has bought Texas-based Arrow, which specialises in real estate investment.
UBS AM tops up RQFII quota
UBS Asset Management and Japan-based Asset Management One were among the firms that were granted onshore investment quotas in February, according to records from China’s State Administration for Foreign Exchange (SAFE).
Feeder funds remain preferred entry into SEA
Partnering with domestic fund managers to launch feeder funds remains the best strategy for foreign asset managers looking at the Thailand and Malaysian markets, according to analysts from Boston-headquartered Cerulli Associates.
Mirae Asset to establish JV in Vietnam
Korea’s Mirae Asset Global Investments is forming a joint venture with Vietnam’s State Capital Investment Corporation (SCIC), according to local reports.
Regulators aim to revive passporting scheme
The Securities Commission Malaysia, the Monetary Authority of Singapore and the Securities and Exchange Commission of Thailand have signed a memorandum of understanding to relax rules in the Asean Collective Investment Scheme (CIS).
Report: Thailand’s SCB AM to develop offshore products
Bangkok-based SCB Asset Management, Thailand’s second largest asset manager, is planning to go beyond its range of foreign feeder funds and develop its own actively-managed global funds that invest abroad, according to a local report.
A look at Asia’s online fund distribution
Both China and India lead in online distribution initiatives in Asia ex-Japan. However, the drivers for online distribution are different in both markets, according to a study published by Boston-headquartered Cerulli Associates.
