Asia is expected to bear the brunt of the cuts under chief executive Jes Staley’s three-year cost reduction plan, which involves eliminating 19,000 jobs.
Category: News
Julius Baer takes stake in Shanghai wealth manager
The Swiss firm will purchase a $17.5m stake in Jupai, a US-listed Chinese wealth manager.
HK leads globally in fintech adoption
Hong Kong has the highest rate of financial technology use of all markets surveyed, according to an EY survey report.
MRF approval for two more China funds
Invesco-Great Wall and GF International have had China onshore funds approved by the SFC for sale in Hong Kong.
WhatsApp message leads to penalty for HK trader
A licensed dealer’s message “let’s talk here, email monitored” resulted in a three-month suspension by Hong Kong’s Securities and Futures Commission.
Happy Holidays from Last Word Media Asia
Merry Christmas and Happy New Year from the team at Last Word Media Asia.
Value Partners links with Aston for US launch
Value Partners Hong Kong plans to increase its presence in the US through the launch of the Aston/Value Partners Asia Dividend Fund.
HK milestone: First funds approved for sale through MRF
Here are the four Mainland funds that are the first to be approved by the SFC for public offering in Hong Kong through the Mutual Recognition of Funds initiative.
The FSA Spy market buzz – 18 Dec 15
Normura AM hires a new MD; Columbia Threadneedle adds to its sales team; 2016 predictions from Franklin Templeton, JPM AM, Fidelity, BOAML and EFG; high-yield failure and much more.
The funds most sensitive to a Fed rate hike
With the Federal Open Market Committee expected to raise interest rates for the first time since 2006, we thought it a good idea to look at the funds that would be most affected by a decision.
