Goldman Sachs AI model fails to predict World Cup results; robo-advisor Bambu gets $3m funding led by Franklin Templeton; China Post lists coco ETF in Europe; SSGA registers 19 ETFs in Japan; hedge funds produce mixed results; SFC includes holding companies as professional investors; and more…
Goldman Sachs predicts World Cup winner using AI; LGIM names head of APAC ex-Japan; GAM to open in Australia, hires from Blackrock; Asia HNWIs believe society has become more inclusive of women, but not much in Hong Kong; SFC fines account executive for not recording phone conversations; Schroders launches chatbot ‘Schroders Go’ in Singapore; and more…
Former Goldman Sachs director Tim Leissner has been banned from working in Singapore’s financial services industry for 10 years for his involvement with stricken Malaysian sovereign wealth fund 1MDB, with further prohibition orders expected.
The Monetary Authority of Singapore has slapped a ban on an ex-Goldman Sachs banker while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.
Pictet Group’s private banking unit in Singapore has appointed an ex-Goldman Sachs managing director as its new CEO.
Exit at Amundi; marketing changes at Fidelity; end of an era for Standard Life; imminent launches from Goldman Sachs AM; advertising from Allianz, CSOP and much more…
A new head for RBC Investment Management in Asia, State Street raises assets in Thailand, Julius Baer and UBS disagree on Japan, GAM gets inactive, pain for Pimco, SLI, Columbia Threadneedle and Jupiter are on the streets and much more!
Three recent fund choices reflect Standard Chartered Private Bank’s views on the overweights it made a few weeks ago, said Steve Brice, chief investment strategist for group wealth management.
A roundup of the week’s asset management industry news from mainland publications.
AMAC cautions on Shenzhen market The Asset Management Association of China reiterated warnings to asset managers about the ChiNext, a NASDAQ-type board of the Shenzhen Stock Exchange. Valuations of companies on the Shenzhen exchange have soared as investors expect the Shenzhen-Hong Kong stock connect to launch this year. The organisation said asset managers should encourage […]
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