The UK-based bank is exploring the sale of the Asia unit amid declining revenue for its global wealth management business, according to reports.
Category: News
Nasdaq aims for more Asia ETFs
Following on its China ETF launches earlier this year, the firm hopes to bring Nasdaq 100 ETFs to Taiwan and Hong Kong, said Rob Hughes, head of index and adviser solutions at Nasdaq Global Indices.
Aviva launches two multi-strategy products
In Singapore, Aviva Investors has launched two sub-funds of its Luxembourg-domiciled multi-asset products.
CCB now considered `too big to fail’
The mainland’s China Construction Bank has been added to the list of “global systemically important banks”.
UBS appoints Shih as Asia president
Kathryn Shih, head of wealth management, will replace the current UBS Asia-Pacific president, one of several changes to top management globally.
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.
