The Securities and Futures Commission in Hong Kong has signed a memorandum of understanding with European authorities on the supervision of alternative investment fund managers.
Category: News
Old Mutual Wealth beefs up Asian op
Carol Wong has been named as Old Mutual Global Investors’ new head of distribution for Asia and is one of a trio of senior Hong Kong-based appointments aimed at expanding the asset manager’s and sister company Skandia International’s offshore businesses.
HK managers in race to offer funds for mainland
Hong Kong-based fund managers are “racing” to introduce Hong Kong-domiciled funds, ahead of plans for a “mutual recognition” programme that will enable them to be sold in mainland China, according to a report published today in the South China Morning Post.
One in twenty singaporeans seen millionaire
Nearly one in 30 Singaporeans is a dollar millionaire a figure which is expected to rise to nearly one in 20 in five year’s time as the financial service sector grows and newly wealthy families from elsewhere in Asia flock to the island city state, according to a new report.
Baring poaches Schroders Luo
Baring Asset Management has hired Schroder Investment Management’s Laura Luo as head of Hong Kong China equities effective 12 September.
RBC Gam hires HK based head of Asian equities
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has poached JP Morgan Asset Management’s Mayur Nallamala as a senior portfolio manager and head of Asian equities.
BNY Mellon hires Credit Suisse Alex Buerge
BNY Mellon has appointed Credit Suisse’s Alex Buerge as head of investments and managing director for it’s new separately managed accounts business, which is likely to be launched by year-end.
Rhenman departs East Capital and relocates to HK
Gustav Rhenman is to leave East Capital, the Stockholm-based asset manager, at the end of the month, while Karine Hirn, a partner and co-founder East Capital, has relocated to Hong Kong.
Natixis hires HK wholesale distribution head
Natixis Global Asset Management has appointed Davy Yuen as director, head of wholesale distribution in Hong Kong.
Matthews Asia hires VP business development
Matthews Asia has appointed Tina Tong as vice president, Asia business development for supporting the firm’s business development and client service activities in Asia, focusing on private banks, insurers and financial advisers.
