In what has been described as a bid to boost the competitiveness of Hong Kong’s asset management industry, Hong Kong’s Legislative Council has approved proposed amendments to the jurisdiction’s trust laws.
Author Archives: Fund Selector Asia
MAS says Singapore assets leap in 2012
It’s not exactly a secret that Singapore is increasingly becoming Asia’s wealth management centre of choice as well as the choice of growing numbers of individuals living in many other corners of the globe and this was reinforced today in a wide-ranging report by the city-state’s regulator.
Legal IM starts Asia Paciific institutional ops
Legal & General Investment Management has launched an institutional Asia Pacific business based in Hong Kong.
HK asset managers mark record year in 2012
Fund management assets in Hong Kong were 40% higher at the end of last year than at the end of 2011, according to figures released by the Securities and Futures Commission today.
Unigestion gets Singapore cap markets licence
Unigestion, a Geneva-based institutional asset manager with more than $13bn in assets under management, has received a capital markets services licence from the Singaporean regulator, as it moves to expand its presence in Asia.
Standard Chartered to sell domestic funds in China
Standard Chartered Bank is to sell domestic mutual funds in China, becoming one of the first foreign banks to do so in the country.
China manager to lobby Beijing over HK RMB rivalry
Mainland China’s fund management companies are reported to have formed a new association in Hong Kong, with the aim of being able to speak with a single voice on issues of shared concern.
Barclays exit wealth management from 130 countries
Barclays is to reduce the number of markets in which it provides wealth management and investment services from around 200 to 70 by the end of 2016 in a bid to “reduce the complexity” in its business and stick with the markets that it claims still hold over 80% of the world’s wealth.
SFC hits back at top prosecutor
Hong Kong’s main financial regulator has hit back at the territory’s top prosecutor who said the SFC should be stripped of its power to prosecute.
Credit Suisse names Neumann to succeed Ng
Credit Suisse has named Wolfgang Neumann to succeed Chuck Ng as head of external asset managers (EAM) in the Asia Pacific region, based in Singapore.
