The Monetary Authority of Singapore (Mas) has fined Credit Suisse and United Overseas Bank (UOB) and issued prohibition orders against three people following a two-year investigation into scandal-plagued wealth fund 1Malaysia Development Berhad.
Category: News
BNPP IP: Exports drive Korean company growth
Korean stocks are not whipsawed by domestic political events and Samsung, despite setbacks, remains a favorite position, said Arthur Kwong, BNP Paribas Investment Partners’ head of Asia-Pacific equities.
Asia’s fund professionals bullish on emerging markets
FSA Long-Term Investing Forum participants in Hong Kong and Singapore say they have a positive or very positive outlook on emerging market debt and equities over the next 24 months.
US equity growth funds top in 2017
US growth-oriented funds have outperformed the North America equity sector by a huge margin, while US value-oriented funds have underperformed, according to data from FE Analytics.
FSA Long-Term Investing Forum Hong Kong 2017
We present photo highlights of the FSA Long-Term Investing Forum in Hong Kong, held on May 23 at the Island Shangri-La Hotel.
In case you missed it – Asia Finance News
Irish industry body launches guidebook for Chinese managers; Japan’s Asset Management One appoints Hermes for ESG services; Singapore’s MAS and IFC collaborate to advance fintech innovation in the Asean region; Hong Kong’s SFC bans ex-Citibank employee for forgery; and others…
Deutsche Bank WM plucks four from BEA
Deutsche Bank Wealth Management has hired a team of four in Hong Kong to cover clients in Greater China, according to a statement from the firm.
The FSA Spy market buzz – 26 May 2017
Hermes hires, Capital Group too; Italian retirement; Long-term short-term, Hong Kong property bubbles; Hang Seng bestsellers; CS humming; AM premiums and much more.
Vanguard joins global firms in China WFOE setup
Vanguard is the latest firm to launch a wholly foreign-owned enterprise (WFOE), enabling it to carry out various onshore investment services, according to a statement from the firm.
Industrial Securities moves into private banking
Fujian-based Industrial Securities has set up a private banking arm serving China’s high net worth individuals with RMB 6m ($873,000) or more of investable assets.
