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.
Category: News
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.
CIMB-Principal launches first sukuk Ucits fund
The Irish unit of Malaysia-headquartered CIMB-Principal Islamic Asset Management has launched its first global sukuk Ucits fund.
MAS to reinforce retail investor protection
Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).
Barings names new Korea CEO
Barings has appointed Ike Bae as its new Korea CEO. He replaced Thae Khwarg, who retired in December last year after more than 20 years with the firm.
HSBC’s Maldonado: Not everything is overvalued
It doesn’t make sense to say price-to-earnings ratios are high today compared to historical data, said Bill Maldonado, HSBC Global Asset Management’s APAC chief investment officer.
