Eastspring Investments has named Ooi Boon Peng as its new CEO for Singapore, replacing Phil Stockwell, who was previously both Singapore CEO and chief operating officer, according to a statement from the firm.
Category: News
In case you missed it (04 May 2018)
UBS becomes first foreign player to apply for 51% JV ownership in China; Z-Ben says not a single Chinese fund manager is willing to sell a 51% stake; Credit Suisse poaches Julius Baer veteran; UTI AM launches an India multi-asset fund in Singapore; HSBC launches two lower carbon funds in Hong Kong; HKMA alleged to launch a crypto investment product; and more…
Hang Seng’s mainland JV eyes QDII scheme
The asset management joint venture of Hang Seng Bank intends to apply for quota under the qualified domestic institutional investor (QDII) programme, according to Rosita Lee, director of Hang Seng Investment Management and Hang Seng Qianhai Fund Management Company (HSQH).
Chinese AMs see net outflows in Q1
Largest mutual fund managers in China saw net outflows from their active funds in the first quarter of 2018, as investors continued to favour putting money into money market and short-term bond funds, data from Morningstar shows.
UBS Wealth strengthens Greater China team
UBS Wealth Management has bolstered its Greater China coverage with three new appointments that will cover Chinese ultra high net worth (UHNW) investors.
UBS AM, Invesco launch onshore funds in China
UBS AM’s and Invesco’s wholly foreign-owned enterprises (WFOEs) are the latest to launch onshore funds in China, targeting the country’s domestic high net worth individuals and institutional investors.
Quaero bets on Japan industry consolidation
Japanese domestic industry sectors will undergo consolidation, which will allow industry leaders to gain market share, argues portfolio manager Rupert Kimber.
EM equities targeted by Asia’s fund selectors
Data collected by FSA show a significant increase of interest in global emerging market equity funds among fund selectors in Hong Kong, Singapore, Thailand and Malaysia.
Credit Suisse targets Philippines’ growing wealth
Credit Suisse is targeting the Philippines’ wealth management industry with the establishment of a representative office in the country, according to statement from the firm.
Northbound MRF outflow continues in Q1
Funds sold under the China-Hong Kong Mutual Recognition of Funds (MRF) continued to see net outflows in March after an all-time high outflow in the previous month, according to data from the State Administration of Foreign Exchange (SAFE).
