Franklin Templeton lures over Vietcombank Fund’s CEO; Vanguard relocates Americas bond manager to Hong Kong; T Rowe hires from SSGA for APAC multi-asset role; Thailand’s Kasikorn Asset launches “personal advisor” mobile app; Malaysia warns investors on initial coin offerings; and more…
Standard Chartered Private Bank has brought over executives from rivals HSBC Private Bank, Deutsche Bank and BNP Paribas Wealth in order to build Greater China and North Asia coverage.
The firm received authorisation from the Securities and Futures Commission to sell four fixed income funds in Hong Kong, according to records from the regulator.
Harvest Global Investments has hired from RBC, UBS and Credit Suisse for its Hong Kong investment team.
Axa Investment Managers has launched a China short duration bond fund, which aims to give investors exposure to the 56trn ($8.54trn)renminbi bond market.
The Whisky Investment Fund, a first of its kind launched in Hong Kong in 2014, has exceed its initial target of $10m, according to a statement from the fund.
Excessive growth of corporate debt and consumer credit risk are creating a bubble, warn economists from Amundi and Aberdeen.
The Hong Kong Monetary Authority has suspended Yip Wai Pang, a former relationship manager at Standard Chartered Bank for 18 months for forgery, according to a statement from the regulator.
The architects behind a Ponzi scheme that cheated 900,000 investors out of RMB 50bn ($7.6bn) were given life sentences.
Smart beta ETFs gain market share in Asia-Pacific while struggling globally, according to Morningstar.
Part of the Mark Allen Group.
