Some upgrades for JP Morgan and Schroders; some downgrades for First State and Templeton; in total 15 funds in Asia get rated.
Category: News
First State shuffles distribution team
The firm’s head of distribution has left for Aberdeen Asset Management and will be replaced by two internal appointments.
Tax changes may boost Korea’s mutual fund industry
The government intends to temporarily waive a 15.4% capital gains tax on overseas equities funds, according to a Cerulli report.
Julius Baer installs head of Southeast Asia PB
Formerly at Credit Suisse, Torsten Linke will be based in Singapore.
The FSA Spy market buzz – 8 Jan 16
Movement at BoS; Standing still at UOB; Margaret Thatcher’s ghost haunts China; BNP Paribas earns some bragging rights; Amundi boasts and much more.
10 surprise predictions for 2016
China debt-to-GDP balloons, the US economy falters, the euro soars, oil remains around $30? Byron Wien has released his 31st annual list of ten surprise predictions for 2016.
BNPP IP links with Orion Partners in Asia
The asset management arm of BNP Paribas and Asia-focused alternative investment firm Orion Partners have announced a strategic partnership.
RM fined by Hong Kong’s SFC
A former relationship manager at ABN Amro Bank failed to follow proper account opening procedures, according to the regulator.
Barclays chopping more jobs in Asia
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.
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.
