The firm launched a new W share class for a Schroder fund exclusively available for women.
Targeting young clients, OCBC Bank has partnered with a local fintech firm to launch an automated investment platform in Singapore offering thematic and passive portfolios.
Fidelity hires M&G Investments’ CEO; Man Group appoints a co-head for responsible investments; Gam Investments secures discretionary business licence in Japan; Malaysia’s Affin Hwang launches absolute return fund; SFC implements open-ended fund companies regime; and more…
UBS and Julius Baer are the 2H standouts showing big quarterly increases in Asia wealth management inflows as major private banks report first half results.
Indonesia’s tax amnesty has prompted Singapore’s OCBC Bank to launch an onshore private banking business.
The bank intends to offer services including wealth planning advisory to its HNWI and UHNW clients in the Middle East.
OCBC’s wealth management group has recently changed its positioning on Asian equities, according to Ryan Sim, head of investments for group wealth management.
The S$550m fund intends to invest in small and medium-sized companies in Singapore, Malaysia, Indonesia and China.
Singapore’s Oversea-Chinese Banking Corporation has made an offer to acquire Hong Kong-based Wing Hang Bank to expand its business in North Asia.