Switzerland’s Banque Syz closed its asset management arm in Hong Kong to focus on European markets as Asia’s asset and wealth management industry consolidation continues.
Tag: Hong Kong
Deutsche WM director joins J Safra Sarasin in HK
Bank J Safra Sarasin has hired Masaki Sugawara as a Hong Kong-based managing director for client advisory.
Ex-Citibank HK banker penalised for copy-and paste signature
A former Citibank senior personal banker in Hong Kong has been penalised for copy-pasting a client’s signature to deceive the bank into accepting the signature as genuine.
HK allows broader use of indices for L&I ETFs
Starting January 9, issuers can apply for listings of leveraged and inverse ETFs tracking all broad-based indices except mainland China- related indices, Hong Kong’s Securities and Futures Commission said.
Best and worst equities sector funds
Funds focused on India, Japan and North America were among the best-performing products in Hong Kong and Singapore in 2016, while Europe and Latin America were at the bottom.
HK rolls out internship programme in latest fintech push
The Hong Kong Monetary Authority and the Technology Research Institute have rolled out a programme that provides fintech internships for undergraduate and postgraduate students, as part of its latest move to become Asia’s leading fintech hub.
SFC sets new rules for senior management oversight
Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC) on Friday.
Greater transparency tops wealth manager’s challenges in 2017
The upcoming Common Reporting System (CRS) is set to pose “fundamental changes” to the wealth management industry both regionally and globally in 2017, said Kevin Liem, CIO at TTG Wealth Management.
Singaporean HNWIs hold more cash than HK counterparts
High-net-worth individuals in Singapore hold more amounts of cash and deposits compared to their Hong Kong counterparts, according to Ivan Han, a Singapore-based senior analyst at Cerulli Associates.
Survey: HK top regional fund hub by 2025
A majority of asset managers believe that Hong Kong will be the leading Asian cross-border fund domicile by 2025, far ahead of its rival Singapore, according to a survey conducted by Brown Brothers Harriman.
