In case you missed it (16 August 2019)

Latest News

Capital Group bolsters digital capabilities; Merian hires from T Rowe; Apac ETF assets surge; Asifma launches Wechat account for Chinese users; and more…

FROM THE PRESS RELEASE DESK THIS WEEK…

 

People moves

Capital Group has appointed Veronique Cornu in the newly created role of head of digital for Asia-Pacific. Based in Singapore, Cornu will be responsible for transforming the firm’s digital capabilities to support its sales. She will report to Derek Perry, London-based managing director for digital, and will work closely with Heidi Sutton, managing director for Asia marketing. The firm also appointed Vineeta Rawat as digital editor, who will focus on enhancing the firm’s websites globally, supporting and executing digital communications with clients and building out its social media and digital presence…

Merian Global Investors (MGI) has appointed Karen Cheng as director for North Asia sales. She will report to Edward Ho, head of North Asia sales, and will be responsible for business development in North Asia, with Hong Kong and South Korea as primary target markets. Before MGI, Cheng was T Rowe Price’s head of Hong Kong intermediaries…

Enforcement

The Monetary Authority of Singapore has issued prohibition orders against three individuals following their conviction for insider trading. They are Simon E, a former representative at UOB Kay Hian, and former representatives at First State Investments Leong Chee Wai and Toh Chew Leong. All three individuals are prohibited from performing any regulated activity under the Securities and Futures Act for 15 years. In addition, they are also prohibited from taking part in the management acting as a director or becoming a substantial shareholder of any capital markets services firm under the SFA…

The Securities and Futures Commission disciplined five firms and four individuals during the last quarter, resulting in fines totalling HK$39.5m ($5m), according to the firm’s quarterly report. Amongst them, China Merchants Securities was reprimanded and fined HK$ 27m for failings in its sponsor work in the listing application of China Metal Recycling…

ETFs

ETF assets globally have reached a new record of $5.6bn in July, increasing by 19% from the end of 2018, according to data from ETFGI. Assets in Asia-Pacific (ex-Japan) also increased 35% to $257bn during the same period…

Social media

The Asia Securities Industry and Financial Markets Association (Asifma) has launched its Wechat account, which will publish content in Chinese. The association intends to broaden its audience to the financial community in China. It also uses accounts at Linked In and Twitter…

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