The firm is penalised for making errors trading under stock connect.

The firm is penalised for making errors trading under stock connect.
Value Partners and HSBC Singapore also make senior hires.
HSBC is hiring; So is Hang Seng; Allianz’s hedge fund woes; Hang Seng Index makeover; ARK’s bloodbath; M&A exuberance; Amundi’s NFT; Tim Cook’s payday; CPF cash; Putin the bond villain; and much more.
Subversive ETF, Amundi’s trillions, Inflation goes ballistic, Value’s little comeback, Biggest stock plunges, Making monster returns, Seeing people in person, Tiger images, advertising and much more.
Both banks aim to boost their wealth management businesses in Asia.
Credit Suisse chairman resigns; HSBC AM poaches ETFs head; JPM hires Asia ops boss; Manulife boosts multi-assets team; HSBC hires PB duo; BNP Paribas tap Deutsche for WM role; Pinebridge has new Asia WM head.
The two senior executives join the investments and wealth solutions unit.
UBP hires South Asia chief; Morningstar promtes research head; HSBC AM poaches from State Street; Citi name Vietnam boss; UBS adds to Apac ESG bench; Apollo taps HSBC.
The pick-up in investments follows the consolidation of the bank’s alternatives business last year.
It helps the bank with its ‘strategic priority of being a leading wealth manager in Asia’.
Part of the Mark Allen Group.