Foreign wealth management talent is reluctant to relocate to Asia and anyway, locals are much better suited for the role, according to recruitment firms.
Category: News
Content Clever lucky draw winners
The winners of our Content Clever lucky draw are from Hang Seng Bank and DBS Private Bank.
ESG demand grows despite performance doubt
Kelsey Biggers, head of investment risk at Franklin Templeton, said interest in environmental, social and governance (ESG) investing is set to grow despite no hard evidence on how it influences performance.
Presenting the FE Advisory Asia Portfolio
FSA announces a new monthly feature involving asset allocation: The FE Advisory Asia fund portfolio.
UBS AM set to launch onshore products in 2017
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.
MAS wants ethics training requirement
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 revises global AM industry outlook to negative
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 scales up in $3.74bn purchase of Pioneer
Amundi said it will become the world’s eight largest asset manager after acquiring Pioneer Investments for €3.54bn ($3.74bn).
Value Partners’ new CEO is ex-Eastspring HK chief
Au King-lun joins Value Partners today after serving one year as Eastspring Investments Hong Kong CEO.
Survey: Hong Kong fund sales drop
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.
