Asset managers and distributors in Asia used to split the annual management charge, but over the last couple years the distribution side has been getting more than half. What is a fair split?
Tag: Credit Suisse
CS: Capacity cuts boost China’s commodity sector
Commodity prices have rebounded since the start of the year and A-share commodity stocks are expected to outperform in the third quarter, Credit Suisse said.
Credit Suisse launches PB app in Hong Kong
After rolling out a wealth management app in Singapore, the bank has introduced it in Hong Kong with Chinese language.
The FSA Spy market buzz – 03 June 2016
Another exit at Mirae; changes at Credit Suisse, Columbia Threadneedle and Samurai OMGI; GS’s loss is GSAM’s gain; everybody’s hiring, nobody’s making money, and much more.
China quiet on Shenzhen-HK Connect
China’s number three man visited Hong Kong and failed to mention the Shenzehen stock connect scheme, but Credit Suisse believes it is still launching this year.
HSBC PB in senior hires
HSBC Private Bank hired former Credit Suisse Private Bank exec Fan Cheuk-wan to serve as managing director and head of investment strategy for Asia.
Credit Suisse to cut 2,000 more jobs, save another CHF800m
Credit Suisse is to eliminate another 2,000 jobs and make an additional CHF800m (£576.1m, $824m, €733.8m) in cost savings, as it accelerates the pace of its restructuring following disappointing results in the final quarter of 2015.
The FSA Spy market buzz – 04 Mar 16
Change at Citibank; UBS ads not resonating; Credit Suisse restructure and regrets; Hong Kong fund selector views; SPDR is advertising, and much more.
Asia strength shines through Credit Suisse $2.9bn net loss
The bank’s net new assets in Asia doubled y-o-y in Q4, but Credit Suisse reported the worst annual loss since 2008.
Julius Baer installs head of Southeast Asia PB
Formerly at Credit Suisse, Torsten Linke will be based in Singapore.
