Kathryn Shih, head of wealth management, will replace the current UBS Asia-Pacific president, one of several changes to top management globally.
Category: News
HSBC results hit by Asia market falls
HSBC has reported a 14% drop in profits for the third quarter of 2015 after adjusting for foreign currency movements, as the sharp falls in stock markets across Asia hit revenues in its retail banking and wealth management division.
Finding plays on China’s demographic woes
Investment opportunities linked to longevity and an aging population are emerging in areas such healthcare and financial services, fund houses say.
The FSA Spy market buzz – 30 Oct 15
Exit at Value Partners; expansion at Nikko; asset growth at SLI; merry-go-round at HSBC; Hansard hires; Chinese passports; advertising from Barings; Fidelity and much more…
China’s Fosun opens AM firm in Russia
Shanghai-based Fosun Group has opened an asset management business in Moscow to seek investment opportunities.
Asian investors strengthen local equities bias
Asian investors clearly prefer domestic equities, where they expect up to a 26% yield, according to a survey report by Eastspring Investments.
Markets could see $300bn from China’s pension funds
China’s pension funds can start investing in local markets in 2016, according to government officials.
HSBC GAM names Singapore CEO
HSBC Global Asset Management has appointed Puneet Chaddha, the former CEO of its India office, as the chief executive of its Singapore operation.
New Capital brings four funds to Hong Kong
New Capital, a brand of EFG Asset Management, has launched four Irish-domiciled UCITS funds in Hong Kong.
Axa IM expands with veteran hire
Axa Investment Managers has appointed Simon Weston as senior equity fund manager.
