Chinese authorities have arrested 21 people involved in a peer-to-peer lending scheme suspected of defrauding 900,000 investors of around CNY50bn ($7.6bn).
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
Barclays chopping more jobs in Asia
Asia is expected to bear the brunt of the cuts under chief executive Jes Staley’s three-year cost reduction plan, which involves eliminating 19,000 jobs.
OMGI brings EM debt fund in house
Old Mutual Global Investors (OMGI) will bring its Emerging Market Debt Fund in house and has appointed head of emerging market debt, John Peta, to manage the fund.
Hong Kong to hold financial advisers liable
Financial intermediaries in Hong Kong will be liable for client damages claims if it is found that they have sold or recommended a financial product that is not reasonably suitable.
Report: HK must expand distribution channels
The concentration of fund distribution channels in the banking sector could hamper Hong Kong’s ambition of becoming the world’s leading fund distribution centre, according to an official report.
Pictet AM adds Asian market neutral fund
Pictet Asset Management has expanded its Total Return fund range with the launch of PTR-Phoenix, an equity market neutral fund investing in Asia.
