CFA to include blockchain and cryptocurrencies in the exam; Fidelity creates new role for Asia private banking sales; Franklin Templeton makes two hires for Asia multi-asset solutions; Singapore’s Lion Global rolls out low-cost balanced fund; SFC fines HSBC Broking for bond selling malpractices; Bloomberg launches Twitter feeds product for trading algos; and more…
Robeco’s Patrick Lemmens said the asset management industry is still using fax machines to run operations and technology upgrades would have a strong impact on efficiency.
Mainland-owned Overseas Chinese Investment Management has a hedge fund operation in Singapore that hopes to benefit as China loosens capital controls and opens its financial industry.
By moving back-office functions onto blockchain, Natixis expects to improve transparency and reduce the cost of its funds.
CSOP Asset Management plans to bring big data and artificial intelligence (AI) capabilities to its product line within three years, aiming to lessen the time and cost pressures on investors.
Blockchain will make the asset pricing process of portfolio managers faster and more accurate by bringing various data sources in sync, said Liang Hu, head of emerging technologies centre at State Street.
Japanese investment managers are most keen on the use of blockchain, with 84% saying they will likely adopt such technology in five years, a State Street survey shows.
Asset managers in Asia-Pacific still know little about blockchain, which is expected to shake up the financial industry in five years, a State Street survey has found.
Part of the Mark Allen Group.
