The bank intends to offer services including wealth planning advisory to its HNWI and UHNW clients in the Middle East.
Category: News
JPMAM Australia appointed new CEO
Rachel Farrell will take on JP Morgan Asset Management’s newly-created role as CEO and country head of global investment management in Australia.
SFC fines ex-fund house employee
For failing to declare commission and an improper know-your-customer process, the Securities and Futures Commission has banned Benedict Ku Ka-tat for one year and fined him HK$150,000 ($19,340).
The fall of synthetic ETFs in HK
The 2% yearly collateral charges and strict regulations in the SAR are causing issuers to close down synthetic ETFs and discouraging them from launching new synthetic products.
China meltdown `very unlikely’: Lombard Odier
China’s debt-to-GDP increased to 250% in the first quarter this year from 154% in 2008. But the firm believes the picture is not as bad as it seems.
CSRC acts on illegal Stock Connect trades
The China Securities Regulatory Commission has made its first crackdown on an illegal transaction via the Shanghai-Hong Kong Stock Connect.
The FSA Spy market buzz – 18 November 2016
Rumours at Axa and Aberdeen; Stan Chart’s conviction; Goldman is bullish on Asia; JB reports records assets; banks back in vogue; Rolexes in India; naked speculation and much more.
Fixed income robo-advisor eyes China market
Bondit, a fixed income-focused B2B robo-advisor, aims to capture the growing demand for China bonds over the medium term by partnering with mainland financial data provider Wind Info.
Capital Group, EIP and iShares roll out funds in HK
During the week, Capital Group brought nine funds to retail investors in the SAR and EIP listed its gold miners ETF, while iShares prepares to launch an ETF tracking the Hang Seng Index next week.
HSBC opens private banking operations in Australia
By opening a private banking office in Sydney, HSBC intends to service Australian high net worth individuals and family offices with investable assets over A$10m ($7.5m).
