Hong Kong’s SFC has identified a number of potential regulatory concerns over firms engaged in managing private funds and discretionary accounts.
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.
UBS, JB lead in Asia results
UBS and Julius Baer are the 2H standouts showing big quarterly increases in Asia wealth management inflows as major private banks report first half results.
TIAA’s Nuveen to target APAC’s professional investors
Nuveen Asset Management, the asset management business of US-based TIAA, has opened a Hong Kong office and will focus on real assets and alts.
DBS poaches from BoS for CIO wealth role
DBS has named Hou Wey Fook as its new chief investment officer for consumer banking and wealth management, according to a statement from the firm.
Blackrock: Foreign inflows in Chinese bonds ‘gradual’
The percentage of foreign capital going into China’s onshore bond market is set to rise, driven by the recent decisions to include the bonds on global indices, according to Neeraj Seth, Singapore-based head of Asian credit at Blackrock.
No jobs for expats in Taiwan for PB, AM
The job market is unfavourable for non-locals in both private banking and asset management in Taiwan, according to Roy Lee, Taipei-based senior consultant for financial services and asset management at recruitment firm Aquis Search.
BNPP AM: don’t expect high returns in EM mixed-asset
Mixed-asset funds don’t necessarily keep up when equity markets are rallying, according to Colin Graham, BNP Paribas Asset Management’s chief investment officer and head of active asset allocation multi-asset solutions.
Malaysia’s HNWIs cool to Shariah funds
Malaysia continues to dominate Southeast Asia’s Shariah fund market, but demand has been driven by institutional investors, with little interest from HNWIs, according to a report by Boston-based research firm Cerulli Associates.
China’s Yinhua Fund Management joins MRF scheme
Yinhua Fund Management, an independent mainland asset manager set up in Hong Kong, received approval from Hong Kong’s Securities and Futures Commission to sell a fixed income product in the SAR through the Mutual Recognition of Funds (MRF) scheme, according to the SFC.
Deutsche AM: Hot Asian equities have room to run
Asian equity markets are up, but they are not in a bull market, according to Sean Taylor, Deutsche Asset Management’s Hong Kong-based managing director and Asia-Pacific chief investment officer.
