Singapore regulator calls for end to ‘plague of misconduct’

Singapore regulator calls for end to ‘plague of...

The financial industry continues to be “plagued by egregious misconduct” and requires signficant reform, the Monetary Authority of Singapore’s managing director has said.

Published : 23, Mar 2017
JP Morgan to roll out more funds in China

JP Morgan to roll out more funds in China

JP Morgan Asset Management plans to launch more funds for China distribution through the mutual recognition of funds scheme, even though overall MRF sales have been slowing, said Henry Tong, head of China retail business.

Published : 23, Mar 2017
US justice department probes Jho Low role in 1MDB scandal

US justice department probes Jho Low role in 1MDB...

US authorities are planning to file criminal charges against Malaysian financier Jho Low in connection with the stricken sovereign wealth fund 1Malaysia Development Bhd (1MDB), the Wall Street Journal reported.

Published : 22, Mar 2017
Hong Kong regulator freezes accounts in US Ponzi scheme

Hong Kong regulator freezes accounts in US Ponzi...Lock icon

Hong Kong’s Securities and Futures Commission (SFC) has obtained an interim court order to freeze bank accounts connected with a suspected $15m (£12.1m, €13.9m) US Ponzi scheme that invested in Brazilian and African gold mines.

Published : 22, Mar 2017
Hong Kong Life Insurance sold in $914m deal

Hong Kong Life Insurance sold in $914m deal

Hong Kong Life Insurance has been sold to local investment firm First Origin International for HK$7.1bn (£738m, $914m, €850m) in the latest insurance M&A deal in the special administrative region.

Published : 22, Mar 2017
Indonesia hauls in a surprise $330bn from tax amnesty

Indonesia hauls in a surprise $330bn from tax...

Indonesia has raised more than $330bn (£265bn, €381bn) from at least 745,000 taxpayers as its tax amnesty approaches next week’s closing date of 31 March.

Published : 21, Mar 2017
Sacked Praemium CEO Ohanessian tries to oust chairman

Sacked Praemium CEO Ohanessian tries to oust chairman...

Former Praemium chief executive Michael Ohanessian has requested the company hold a general meeting in a bid to oust chairman Greg Camm and three directors.

Published : 20, Mar 2017
Aiming to replicate the success of Samsung

Aiming to replicate the success of SamsungLock icon

Korean asset manager Mirae has expanded across Asia, established itself in Europe and continues to grow. Jung Ho Rhee explains how the firm capitalises on a special understanding of key consumer trends in developing markets.

Published : 17, Mar 2017
Manulife wins wholly foreign-owned enterprise license in China

Manulife wins wholly foreign-owned enterprise...

Manulife Investment (Shanghai) has been granted the wholly foreign-owned enterprise (WFOE) license with a registered capital of RMB 50m ($7.3m), the firm has announced.

Published : 16, Mar 2017
Guernsey secures MoUs with all Chinese finance regulators

Guernsey secures MoUs with all Chinese finance...

The Guernsey Financial Services Commission (GFSC) has secured memoranda of understanding with all of China’s financial services regulators after signing an agreement with the China Insurance Regulatory Commission (CIRC) on Tuesday.

Published : 14, Mar 2017
Asia drives strong results for Prudential

Asia drives strong results for Prudential

Prudential’s new business sales of life products rose by 19% to £6.3bn ($7.7bn, €7.2bn) with strong growth in Asia and the UK offsetting a decline in the US market.

Published : 14, Mar 2017
Capital Group to launch US bond fund in Asia

Capital Group to launch US bond fund in Asia

Despite expectations of rising US interest rates, Capital Group intends to launch a bond strategy in Asia that targets investment grade US corporates.

Published : 14, Mar 2017
St James’s Places launches int’l investment plan in Hong Kong

St James’s Places launches int’l investment plan...

St James’s Place has launch the international investment plan (IIP), an investment-linked assurance scheme (ILAS), in Hong Kong.

Published : 14, Mar 2017
Ex-Goldman Sachs banker banned in 1MDB scandal

Ex-Goldman Sachs banker banned in 1MDB scandal...Lock icon

Former Goldman Sachs director Tim Leissner has been banned from working in Singapore’s financial services industry for 10 years for his involvement with stricken Malaysian sovereign wealth fund 1MDB, with further prohibition orders expected.

Published : 13, Mar 2017
Japan leads the region in passive equity investing

Japan leads the region in passive equity investing...

As passive investing continues to gain ground world-wide, Japan remains the heavyweight investor in Asia.

Published : 13, Mar 2017
Asian fund industry growth leads the world in 2016

Asian fund industry growth leads the world in...

Asia's fund industry recorded the highest growth in terms of assets under management globally last year, according to a Morningstar report.

Published : 10, Mar 2017
US robo adviser eyes Asia

US robo adviser eyes Asia

Marketriders, a US robo adviser recently acquired by broker Sogotrade, has its sights on the Hong Kong and China markets.

Published : 10, Mar 2017
Aviva strengthens foothold in Singapore with 420 advisers

Aviva strengthens foothold in Singapore with 420...Lock icon

Insurance giant Aviva has revealed it employs 420 financial advisers in its Singapore advisory unit which was established less than a year ago.

Published : 9, Mar 2017
Singapore life industry must tackle ‘poor advice practices’

Singapore life industry must tackle ‘poor advice...

Life companies in Singapore must do more to improve the business culture within their organisation following a number of mis-selling cases involving poor or inappropriate financial advice, a senior official from the Monetary Authority of Singapore (MAS) has said.

Published : 8, Mar 2017
Agriculture sector funds in HK carry highest fees

Agriculture sector funds in HK carry highest fees...

Agriculture is the most expensive equity sector for mutual fund investors, based on the average of annual fees charged by sector-focused funds available for sale in Hong Kong.

Published : 8, Mar 2017

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