The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m on Australian Gold Coast property, the Guardian has reported.
Category: News
The FSA Spy market buzz – 13 January 2017
Resignation at Sun Life; Gross watching 10 year; Hang Seng loves bonds; Fund selector observations; StanChart and OCBC’s conviction lists; Lombard Odier on hedge funds; Matthews Asia speaks reason and much more.
APAC ex-Japan ETF assets hit record high
In 2016, Asia-Pacific ex-Japan ETF/ETP assets reached a record high of $135bn, but the region’s share only accounts for 4% of the industry’s global assets, according to ETFGI.
Hiring in Hong Kong’s AM industry slows
However, strong demand for relationship managers and fintech professionals remains, according to a recent salary survey report by Robert Walters.
StanChart in hiring spree as other PBs pull back
As the private bank industry consolidates in Asia, Standard Chartered reveals several recent senior hires for its Greater China and North Asia (GCNA) private bank and wealth management teams.
SSGA and E Fund ink AM partnership
The pace of cross-border activities accelerates as US-based State Street Global Advisors and China’s E Fund sign a memorandum of understanding.
Ex-Falcon Bank manager jailed in Singapore 1MDB probe
The first westerner to be charged in connection with the 1MDB scandal has been sentenced to 28 weeks in jail and fined S$128,000 (£73,352, $89,174, €84,235) by a Singapore court.
Syz closes HK asset management arm
Switzerland’s Banque Syz closed its asset management arm in Hong Kong to focus on European markets as Asia’s asset and wealth management industry consolidation continues.
Guidelines out for China’s WFOE fund launches
New funds do not need pre-approval, but the number of investors is limited per product for investment management wholly foreign-owned enterprise (IM WFOE) ready to launch their ‘private securities funds’.
Quaero brings `family enterprise’ fund to Asia
Geneva-based asset manager Quaero Capital is bringing to Asia its specialist fund that invests in European companies with family shareholders.
