Separately, the firm has also received a capital market services licence from the Monetary Authority of Singapore.

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.
Separately, the firm has also received a capital market services licence from the Monetary Authority of Singapore.
The two foreign firms are the first to receive approval to provide onshore investment advisory services in China.
As the A-share market fell by around 20% in 2018, China’s overall mutual fund assets increased by 11.7%, Cerulli data shows.
However, the Singapore-based asset management arm of OCBC is not including China in its plans.
Developed government bond yields just aren’t there and the firm’s multi-asset product managers instead look for more niche fixed income.
The bank is also aiming to add more liquid alternative products to its platform.
The bank intends to use its strategic alliance with Lombard Odier to try and grow AUM by 25% per annum.
The bank is careful with themed funds, though it invests in two sustainable-themed products.
Capital Group bolsters distribution team; Indosuez names chief digital officer; Natixis IM creates thematics affiliate; China Everbright’s AUM up 11%; and more…
The Hong Kong regulator will begin by carrying out a survey to find out how asset managers integrate ESG factors into their investment process, according to Ashley Alder, the SFC’s CEO.
Part of the Mark Allen Group.