UBS Asset Management expects to launch China equity funds for onshore institutional and HNW clients in the second half next year through its wholly foreign-owned enterprise (WFOE), said Aries Tung, head of strategy and business development for China.
In the wake of the 1MDB scandal, the Monetary Authority of Singapore is consulting with the industry to introduce an ethics module in the exam taken by representatives appointed by financial advisers and capital markets intermediaries.
Moody’s has revised its outlook of the global asset management industry to negative from stable for reasons linked to regulations and the performance of active funds.
Amundi said it will become the world’s eight largest asset manager after acquiring Pioneer Investments for €3.54bn ($3.74bn).
Au King-lun joins Value Partners today after serving one year as Eastspring Investments Hong Kong CEO.
Sales of collective investment schemes in Hong Kong dropped by 15% from HK$65bn (US$8.4bn) to HK$55bn during the period April 2015-March 2016, according to the SFC’s yearly survey.
Hong Kong’s Private Wealth Management Association’s new managing director, Peter Stein, will focus on wealth management talent development.
Role change at Standard Life, M&G hires, asset managers’ share prices, surprising rallies, Capital on Japan, Saxo’s outrageous predictions, advertising from HSBC and much more.
The exodus of private banks from the region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
The Hong Kong Monetary Authority (HKMA) has signed a cooperation agreement with the UK regulator to promote fintech innovation.
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