Top execs are being reshuffled as Wesley Weishi Yao, co-founder and COO of the US-listed Chinese wealth manager resigns along with an independent director.
Tag: China
Distribution a challenge for ETFs in China
Fees and distribution, as well as investor education, are cited as the biggest hurdles for ETF sales in the mainland, said panelists at a Hong Kong Investment Funds Association event.
China grants quotas for four AM firms
Pioneer Asset Management was among the firms that received an RQFII quota for the first time in February.
Harvest Global reveals international expansion plans
Several senior hires on the sales and business development side are part of the China-based firm’s wide-ranging effort to drive cross-border investment.
Survey: Beijing, HK top choices for industry CEOs
Global asset and wealth managers put Beijing and Hong Kong among the top cities expected to provide growth opportunities, according to a PwC survey.
Principal-CCB tie up remains as other JVs breakup
Rex Auyeung, who will retire as Principal Financial Group’s Asia chairman in June, believes a corporate culture match is key to his firm’s long joint venture with mainland powerhouse bank CCB.
CIC: Forecasts frustrated by too many unknowns
While economists struggle with forecasts in a climate of too many unknowns, the best advice is caution, according to François Duhen, chief economist and strategist at Swiss banking group Crédit Mutuel-CIC.
Is the MRF a one-way scheme?
After 1.5 years, China’s regulator still hasn’t explained the delay in approving northbound funds through the MRF scheme, raising questions about how mutual the scheme is, according to industry players.
UBS WM prefers unconstrained managers
Coming from the asset management side, Stefan Lecher, new head of client portfolio management for Asia-Pacific at UBS Wealth Management in Hong Kong, said unconstrained managers have the best chance to excel.
Mercer: Geopolitical moves to impact markets for years
The world is entering new political-economic territory and the policies that come out of the US present the single biggest risk to investors for years to come, according to Garry Hawker, director of strategic research for growth markets at Mercer in Singapore.
