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EFG strengthens Asia advisory board

Two veteran bankers have joined the EFG Asia Advisory Board.

Budi Suharto will lead the fixed income team on behalf of affiliate Ostrum Asset Management.

The fund managers expect to find uncorrelated, diversified opportunities across the range of market cap stocks.

The current chairman of the Accounting and Financial Reporting Council will succeed Tim Lui.

Former UBS CEO Ralph Hamers has been hired as an external senior advisor for the company.

The collaboration means that Tiger Brokers’ clients will now have access to same-day liquidity for Phillip Money Market funds.

Craig Shute will replace Kevin Coppel who is retiring.

The global financial service provider Apex Group has been onboarded as the first asset servicing client.

Despite Australia’s decision to abolish AT1s and the fallout of the Credit Suisse wipeout, the asset class has performed well this year.

Patrick Mattar will oversee the launch of an ETP platform.