UBS Global Wealth Management brings back one and adds another in Hong Kong
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UBS Global Wealth Management brings back one and adds another in Hong Kong
More stringent diversity and sustainability rules to list in Hong Kong or Singapore.
Its Apac managing director has also relocated to the Lion City from Australia to spearhead business expansion in the region.
They will merge to create a ‘global leader in multi-boutique asset management’.
It has reportedly held discussions with several banks in the country.
Joe Kwan has joined the firm as a managing partner and is tasked with spearheading the new team.
Investors should keep in mind the long-term appeal of Asia and take a patient, disciplined approach to capture quality, according to Fidelity.
It reverses inflows from the first three months of the year, according to data from Morningstar.
The new fund is the asset manager’s first fixed income ETF.
China now accounts for about 18% of global money market funds (MMF) assets, according to Fitch Ratings (Fitch), with reforms aiming to bring it more in line with international standards.
Part of the Mark Allen Group.