Investec hires, so does LGIM (apparently); Standard Chartered selects; Fund selectors predict; Misleading PR releases; Competition in Singapore; Gold charts and much more.
Tag: Mas
In case you missed it (04 May 2018)
UBS becomes first foreign player to apply for 51% JV ownership in China; Z-Ben says not a single Chinese fund manager is willing to sell a 51% stake; Credit Suisse poaches Julius Baer veteran; UTI AM launches an India multi-asset fund in Singapore; HSBC launches two lower carbon funds in Hong Kong; HKMA alleged to launch a crypto investment product; and more…
In case you missed it (27 April 2018)
Aberdeen Standard names Andrew Hendry as APAC head of distribution; HKEX appoints its first female chairman; Pictet AM launches Asia bond fund; investors have unrealistic return expectations; MAS proposes guidelines for senior manager accountability; Asia lags in philanthropy; and more…
In case you missed it (06 April 2018)
Harvest Global makes several appointments; Jupiter AM poaches from Temasek; Man GLG creates CIO for credit role; Evestment fund research platform reveals most reviewed funds for March; banks lose mutual fund asset share to IFAs; Singapore’s MAS develops AI and data analytics best practices guide; and more…
Stanchart Singapore fined $5m for AML breaches
The Monetary Authority of Singapore (Mas) sends a message of zero tolerance towards money laundering as it penalises two Standard Chartered entities for suspicious transfers from Guernsey, according to industry sources.
In case you missed it (16 March 2018)
Franklin Templeton and Samsung AM to establish JV in Korea; Nippon Life to acquire 5% stake in Deutsche AM IPO; UBS AM launches RMB fixed income fund to professional investors in Hong Kong and Singapore; majority of funds in Australia underperform; MAS and Singapore Police to jointly investigate all financial advisory offences; MSCI launches 12 new China indexes; and more…
In case you missed it (2 March 2018)
SSGA names new APAC head; Capital Group creates new fixed income role; Lombard Odier to launch a sustainable fund; more fintech cooperation agreements in Hong Kong and Singapore; China relaxes rules for foreign banks; SFC continues to watch for mis-selling of financial products; and more…
Singapore seeks MRF, passporting schemes
The Monetary Authority of Singapore wants Singapore-domiciled funds to be available to investors in offshore markets, according to Lim Cheng Khai, an executive director for capital markets intermediaries at the MAS.
In case you missed it (2 February 2018)
Ex-Fullerton CEO reappears at Franklin Templeton; BNPP AM creates APAC chief marketing role; Robeco hires Blackrock’s APAC head of PB and wealth distribution; US-based Metlife receives AM licence in Hong Kong, while Barings Investment Advisers loses it; “millennial fund investors not unique”, warns Cerulli; and more…
A look at Singapore’s AML rules for fund managers
Post-1MDB, the Monetary Authority of Singapore (MAS) has reinforced its focus on anti-money laundering (AML). Damayanti Shahani provides a snapshot of what a fund management firm can expect.
