Chinese, Japanese and Indian banks now occupy the top slots in the Dubai International Financial Centre (DIFC) in terms of total assets, the chairman of the centre’s regulator has told a forum in Hong Kong.

Chinese, Japanese and Indian banks now occupy the top slots in the Dubai International Financial Centre (DIFC) in terms of total assets, the chairman of the centre’s regulator has told a forum in Hong Kong.
The firm’s robotics-themed fund is tied to cyclicality and capex spending, which is linked to a country’s economic health, according to Peter Lingen, Pictet Asset Management’s Geneva-based senior manager for thematic equities.
However, strong demand for relationship managers and fintech professionals remains, according to a recent salary survey report by Robert Walters.
The Hong Kong Monetary Authority (HKMA) has signed a cooperation agreement with the UK regulator to promote fintech innovation.
Despite arguments that HNWIs want only people to manage their wealth, robo-advisories in Asia are going after a client base that overlaps with wealth managers while some big banks are integrating robo into their advisory services.
Disruption of the fund industry through fintech is likely to come from mainland China, according to ICI Global.
Taiwan is home to a number of disruptive technology companies that Hermes senior investment analyst Kunjal Gala believes are worth a closer look.
The asset class has some insulation from global shocks due to the structure of the region’s two largest economies, said Eastspring Investments CIO of Asian fixed income Boon Peng Ooi.
Portfolios should still have a significant allocation to equities,
Standard Chartered Bank’s Wealth Management Advisory Group said.
Wealth management is one of the least tech-literate sectors of the financial services industry, and is falling well behind non-financial services industries, according to a PWC report.
Part of the Mark Allen Group.