Bank of Singapore hires Penny Low from Deutsche Bank WM
Penny Low is part of Bank of Singapore’s Greater China and North Asia team.
Amid elevated equity–bond correlations, certain hedge fund styles are likely to improve diversification and limit downside risk, Belle Liang, chief investment officer, CIO & investment advisory, Hang Seng Bank tells FSA.
Hang Seng Bank will have exclusive rights to distribute Capital Group’s flagship US equity fund to its retail customers for three months.
New Hong Kong CEO Maggie Ng replaces Luanne Lim who moves to head up Hang Seng Bank.
T. Rowe Price’s multi-asset global income strategy includes an allocation to listed private credit.
The Hong Kong bank has enjoyed a growth in new retail accounts and affluent clients.
The asset manager has launched the fund with Hang Seng Bank serving as distributor in Hong Kong.
The bank is targeting investors in Hong Kong with HK$8m.
Customers were delaying long-term investment decisions due to the uncertain market environment, the bank said.
Separately, the bank’s top 10 best selling mutual funds include products managed by Alliance Bernstein, Blackrock, Hang Seng IM, Janus Henderson, JP Morgan Asset Management and UBS Global Asset Management.
In a gloomy local environment, Hong Kong’s HNW investors want safety and more FMP portfolios are in the pipeline, said Hang Seng Bank’s head of investment advisory.
A former Hang Seng Bank relationship manager who carried out unauthorised transactions is slapped with a two-year ban.
HSBC subsidiary Hang Seng Bank posted a 13% increase in half-year income generated by its wealth management business, driven by fund sales and securities and brokerage services.
The asset management joint venture of Hang Seng Bank intends to apply for quota under the qualified domestic institutional investor (QDII) programme, according to Rosita Lee, director of Hang Seng Investment Management and Hang Seng Qianhai Fund Management Company (HSQH).
Hong Kong’s Hang Seng Bank reported a 33% increase in income generated by its wealth management business, driven by strong demand for investment products.