Unigestion, a Geneva-based institutional asset manager with more than $13bn in assets under management, has received a capital markets services licence from the Singaporean regulator, as it moves to expand its presence in Asia.
Category: News
Standard Chartered to sell domestic funds in China
Standard Chartered Bank is to sell domestic mutual funds in China, becoming one of the first foreign banks to do so in the country.
China manager to lobby Beijing over HK RMB rivalry
Mainland China’s fund management companies are reported to have formed a new association in Hong Kong, with the aim of being able to speak with a single voice on issues of shared concern.
Barclays exit wealth management from 130 countries
Barclays is to reduce the number of markets in which it provides wealth management and investment services from around 200 to 70 by the end of 2016 in a bid to “reduce the complexity” in its business and stick with the markets that it claims still hold over 80% of the world’s wealth.
SFC hits back at top prosecutor
Hong Kong’s main financial regulator has hit back at the territory’s top prosecutor who said the SFC should be stripped of its power to prosecute.
Credit Suisse names Neumann to succeed Ng
Credit Suisse has named Wolfgang Neumann to succeed Chuck Ng as head of external asset managers (EAM) in the Asia Pacific region, based in Singapore.
Opportunity for advisers as investors to add risk
A significant opportunity is presenting itself to advisers in the Middle East and Asia, according to research from Natixis, as investors seek to increase risk but are currently under-advised.
HK SFC signs AIFMD supervision agreement
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.
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.
