Singapore’s decision not to impose the same hefty fines on banks linked to 1MDB as other countries, but to instead name and punish individuals responsible, is a strong deterrent, said Ravi Menon, managing director of the city-state’s financial regulator.
Clients in Asia are moving to defensive portfolios and investing in the basics, according to BMO Private Bank Asia CEO Monique Chan.
The fund research firm has added three funds from HSBC, E Fund and Yinhua to its list of best Chinese onshore funds either awaiting approval or approved for sale through the MRF.
Mercer has made three regional hires who specialise in alternatives, according to a statement from the firm.
Singapore’s financial advice market just got more competitive after DBS opened a financial planning centre that offers free advisory services but does not sell any financial products.
Change at Eastspring; Don’t believe the doomsayers; China growth in the MSCI era; Words of wisdom from Eisenhower; Ads from Pimco and Guotai Junan and much more.
Aberdeen Asset Management has expanded its Taiwan business by acquiring full ownership of Value Partners Concord Asset Management.
Aviva Investors names Charles Wong as head of Asia wholesale distribution; Pinebridge poaches APAC marketing exec from SSgA; a fintech association launches in Hong Kong; fintech agreements in Singapore and Malaysia; CSOP’s China ETF sees huge inflows following MSCI’s China inclusion announcement; and more…
Single-family office Sebrina Holdings’ fund management company, Alcora Global, has launched in Singapore a fund investing in short-term debt of Asia-Pacific materials companies.
China promises to grant more RQFII quota to Hong Kong and to promote mutual access to bond markets, but is vague about the launch of ETF Connect and MRF review, according to the latest pact signed by China and Hong Kong.
Part of the Mark Allen Group.
