St James’s Place Asia boosted gross new funds by 51% in the first six months of 2018, helping to push group gross inflows to $10.4bn (£7.9bn), an increase of 15% compared with the first half of 2017.
Author Archives: Kirsten Hastings
Kirsten is editor for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry.
Kirsten has a Masters in Financial Journalism from the University of Stirling.
She can be contacted via kirsten.hastings@lastwordmedia.com
Hong Kong set for Academy of Finance
Hong Kong’s finance sector is about to get a lot more academic after plans to set up an academy were boosted by the special administrative region’s monetary authority.
OMGI parts ways with Crabb’s Asian equities team
Old Mutual Global Investors (OMGI) is to hand the management of its two Asian equity funds to the firm’s global equities desk headed by Ian Heslop and part ways with fund manager Josh Crabb and his investment team.
SJP Asia results show recovery from loss
The firm’s Asia operation reported an annual increase in gross inflows and funds under management, reversing a £13.2m ($18.2m) loss in 2016.
Credit Suisse Asia hiring investigated
Swiss banking giant Credit Suisse is being investigated by the US government for its hiring practices in Asia-Pacific.
DBS and NTU to develop pipeline of wealth managers
DBS Bank and Nanyang Technological University (NTU) Singapore have teamed up in a bid to build a sustainable talent pool of wealth management associates.
DBS to bolster Asia PB headcount
Singapore’s DBS Group added 20% to its headcount in 2017 and plans to add more to its private banking business to address opportunities as Asia’s private wealth increases.
Victims defend $11bn Chinese Ponzi scheme
Investors across China are continuing to support the founder of an alleged Ponzi scheme, even after he turned himself into police, despite standing to lose CNY70bn ($10.8bn).
SFC slaps HSBC with record fine, suspension
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.
The Fry Group launches Singapore discretionary service
Global financial advisory group The Fry Group has launched a discretionary investment service in Singapore, giving clients the option to delegate some or all of their ongoing investment decisions to the firm.
