Marketriders, a US robo advisor recently acquired by broker Sogotrade, has its sights on the China market, though strict capital controls are an obstacle, said Sogotrade CEO Jonathan Yao.
Category: Business moves
Citi joins trend of China index inclusion
Citi’s EM and regional government bond indices will add China, following a similar move by Bloomberg Barclays. However, Chinese government bonds will not join Citi’s larger World Government Bond Index (WGBI).
Investors like Aberdeen and Standard Life merger
News of Standard Life’s agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.
Aberdeen and Standard Life talk possible merger
Following the Henderson/Janus merger, Aberdeen Asset Management and Standard Life are in discussions on a possible union.
JPM to expand MRF sales coverage in China
JP Morgan AM lifted the subscription cap of its Asian bond fund selling through the mainland through the Mutual Recognition of Funds (MRF) scheme earlier this month, after northbound funds overall recorded net outflows for three months in a row.
China’s Jupai reports earnings growth, new US office plans
Jupai and Noah, the two US-listed Chinese independent wealth managers, reported net profit gain over 35% and 20% respectively.
Harvest Global reveals international expansion plans
Several senior hires on the sales and business development side are part of the China-based firm’s wide-ranging effort to drive cross-border investment.
Principal-CCB tie up remains as other JVs breakup
Rex Auyeung, who will retire as Principal Financial Group’s Asia chairman in June, believes a corporate culture match is key to his firm’s long joint venture with mainland powerhouse bank CCB.
BOS in wealth management link with Vontobel
Asia’s HNW clients from Bank of Singapore can now choose to book their assets in Switzerland with Vontobel.
SJP plans Asia launch of discretionary services
St James’s Place is set to roll out services from discretionary fund manager Rowan Dartington across its Asian operations during the first half of this year, according to Mike Gravestock, international partnership director.
