The firm follows a similar set-up established by Manulife in the Philippines.
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The firm follows a similar set-up established by Manulife in the Philippines.
The bank’s Hong Kong operations, which include brokerage, asset and wealth management services, recorded losses in the last few years.
Separately, a relaxation of regulations by the country’s securities regulator has prompted investment companies to launch feeder funds.
The firm hopes to offer services across Southeast Asia from its regional base in the country.
The firm is seeking to hire key business and investment officers who will be based in the country.
Assets of Thailand’s do-it-yourself investors exceed that of clients in the private bank system, according to the head of wealth management at Phatra Wealth Management.
Eastspring Investments has agreed to buy a majority stake in Thanachart Fund Management (TFUND).
ETF inflows in recent years have made Vietnam’s large-cap stocks more expensive, according to Dragon Capital.
Following its partnership with BOCHK AM, KL-based Areca Capital is considering a similar arrangement with Value Partners.
The bank joins a number of wealth and asset managers that have recently set up in the country.
Part of the Mark Allen Group.