This week…
| People moves |
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Jupiter has appointed two analysts to its fixed income team. They will have a specific focus on emerging markets and will add support to the firm’s newly-established emerging market debt strategy led by Alejandro Arevalo. Joining the firm are Nachu Chockalingam, who was an emerging markets corporates portfolio manager at Ontario Teachers’ Pension Plan, and Reza Karim, who was an emerging market research analyst at Henderson Global Investors… Old Mutual Global Investors (OMGI) has created a global emerging markets equity desk with a trio of hires – all coming from Nomura Asset Management. The hires are Nick Payne, who will be heading the team, Salman Siddiqui and Liz Fernandes. Subject to regulatory approval, OMGI is set to bring the management of the Old Mutual Global Emerging Markets Fund in-house. Currently, it is managed by Fisher Asset Management… BNP Paribas Asset Management has named Mark Speciale as its Singapore-based Asia-Pacific head of institutional sales. He will be responsible for developing and managing the build out of BNPP AM’s institutional sales strategy and client relationship management for the region, including markets under Greater China, and will report to Ligia Torres, the firm’s Hong Kong-based Asia-Pacific CEO. Before joining the firm, he was previously BNY Mellon Investment Management’s Singapore-based head of distribution for Asia-Pacific… BNY Mellon has appointed Rohan Singh as its Asia-Pacific head of asset servicing, effective 27 June. Based in Singapore, he will succeed Francis Braeckevelt, who has served as Asia-Pacific head of asset servicing on an interim basis in addition to his role of Asia-Pacific chief operating officer for asset servicing, which he will resume. Singh will report to Samir Pandiri, executive vice president of BNY Mellon and CEO of asset servicing… |
| Fintech |
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Hong Kong’s Securities and Futures Commission (SFC) and the Australian Securities & Investments Commission (Asic) have signed a fintech cooperation agreement. Under the agreement, the SFC and Asic will cooperate to share information on emerging fintech trends, developments and regulatory issues as well as on organisations that promote innovation in financial services. In addition, the agreement provides for a bilateral mechanism for referrals of firms seeking to enter one another’s markets… The Monetary Authority of Singapore (MAS) and the Association of Supervisors of Banks of the Americas (ASBA) have signed a memorandum of understanding to bolster fintech ties between Singapore and the Americas. The MOU provides a framework for fintech cooperation between the Lion City and ASBA member countries. Under the framework, both parties can explore potential joint innovation projects on technologies such as blockchain and big data… |
| Enforcement |
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The SFC has banned Li Bo, a former employee of HSBC, from re-entering the industry for eight months from June 2017 to February 2018. According to the regulator, during the period from April 2015 to September 2015, Li breached HSBC’s staff personal trading policy by failing to disclose to his employer his personal trading account and beneficial interests in the securities accounts of his friend. He also failed to obtain prior approval for his securities trading transactions in his friend’s accounts which deprived his employer the opportunity to monitor his trading activities… |
| Services |
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Law firm Simmons & Simmons launched its online support service for start-up hedge fund managers in Singapore. The online resource, Simmons & Simmons LaunchPlus, assists emerging managers in Singapore with their business operations. The firm also launched the service in Hong Kong last month, as reported… |
