Manulife has poached Kai Sotorp, UBS Global Asset Management’s chief executive for the Asia Pacific region for a newly created role of executive vice president and global head of wealth and asset management.
Category: News
Nomura eyes China market with JV in Shanghai
Nomura Holdings is launching a joint venture in the Shanghai-based Pilot Free Trade Zone (FTZ) through which it will provide information on financial markets and products to local institutions.
Threadneedle bolsters product offering
Threadneedle Investments has launched a further two Asia-managed funds for the Singapore market.
Capital Group appoints Economos to ramp
Capital Group has appointed Andrew Economos as senior vice president, strategic solutions.
Julius Baer reports high Asia asset transfer
Julius Baer’s integration of the Merrill Lynch International Wealth Management business in Hong Kong and Singapore had a ‘very high asset transfer’ of over 80%, according to its four month interim statement today.
HK US conclude FATCA talks sign pact
Hong Kong and the United States have concluded their discussions on the implementation of the Foreign Account Tax Compliance Act, with Hong Kong expected to sign a model 2 intergovernmental agreement later this year.
HK managers continue upbeat bets on equities
A greater majority of fund managers in Hong Kong continue to hold a bullish view on equities, with a preference towards European equities, according to a survey by the Hong Kong Investment Funds Association.
Singapore signs FATCA agreement
Singapore and the United States have signed an agreement which will enable Singapore-based financial institutions to more easily comply with the US Foreign Account Tax Compliance Act.
Threadneedle continues Asia managed funds
Threadneedle Investments has launched a flexible Asian bond fund to be managed by its Singapore-based investment team.
The move to value
The most recent Merrill Lynch Fund Managers survey found that there had been a significant swing from growth to value. In April, a net 40% of managers believed value stocks would outperform growth stocks over the next 12 months, three times the level in March.
