Singaporean firm to build platform for Malaysia’s life insurers

Singaporean firm to build platform for Malaysia’s...

A unit of Singapore-based tech firm Silverlake Axis has won a contract to develop a digital platform for life insurance and takaful providers in Malaysia.

Published : 23, Jun 2017
Luxembourg regulator fines Rothschild over 1MDB failings

Luxembourg regulator fines Rothschild over 1MDB...Lock icon

Swiss private bank Edmond de Rothschild has been fined nearly €9m (£7.9m, $10m) by Luxembourg’s financial regulator for its handling of funds reportedly linked to beleaguered sovereign wealth fund 1Malaysia Development Berhad.

Published : 22, Jun 2017
What next after China's MSCI inclusion?

What next after China's MSCI inclusion?

Wealth and asset managers give their views on the implications of the MSCI inclusion of A-shares and where they find investment opportunities onshore.

Published : 22, Jun 2017
ANALYSIS: Why has MSCI taken so long to embrace A-shares?

ANALYSIS: Why has MSCI taken so long to embrace...

MSCI has finally included China A-shares in its emerging market indices, but the decision seems long overdue.

Published : 21, Jun 2017
Most expensive global expat cities 2017

Most expensive global expat cities 2017Lock icon

Five Asian and three European cities were among the 10 most expensive places for expats to live, with the dubious honour of being the most expensive bestowed on the capital of Angola.

Published : 21, Jun 2017
Philippine HNWIs maintain strong home bias

Philippine HNWIs maintain strong home bias

A preference for local investment products limits investor allocation to feeder funds, according to industry sources.

Published : 21, Jun 2017
China's MSCI A-share inclusion a small first step

China's MSCI A-share inclusion a small first step...

Largely within expectations, the MSCI will add Chinese A-shares to its emerging markets indices starting in May next year - a symbolic rather than impactful move in the short run.

Published : 21, Jun 2017
Indonesia's tax amnesty boosts bond appeal

Indonesia's tax amnesty boosts bond appeal

Indonesia's tax amnesty brought in revenue, which lowered the fiscal deficit and enhanced the appeal of government bonds, says Allianz Global Investor's David Tan.

Published : 20, Jun 2017
Stricter suitability requirements to roll out in China

Stricter suitability requirements to roll out...

All products that mainland Chinese can invest in will have to meet newly-introduced suitability requirements starting July 1.

Published : 20, Jun 2017
How the fee-based model changes asset management

How the fee-based model changes asset management...

What could the potential fallout be for asset managers when Asia’s regulators eventually replace the commission-based wealth management model with a fee-based one? Ben Cherrington, head of intermediary channels in Asia Pacific at M&G Investments, shares some key changes in the UK, which decided to make the leap to fee-based in 2013.

Published : 20, Jun 2017
US seeks recovery of $1.7bn from scandal-hit 1MDB fund

US seeks recovery of $1.7bn from scandal-hit 1MDB...Lock icon

The US Department of Justice (DOJ) is working to recover around $1.7bn (£1.3bn, €1.5bn) in assets linked to an international conspiracy to launder funds misappropriated from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).

Published : 16, Jun 2017
Indosuez Wealth Mgt to buy Singapore and HK private bank

Indosuez Wealth Mgt to buy Singapore and HK private...

Indosuez Wealth Management has started exclusive discussions with Credit Industriel et Commercial to acquire its private banking operations in Singapore and Hong Kong.

Published : 16, Jun 2017
Aussie advisers to help foot the bill for industry regulator

Aussie advisers to help foot the bill for industry...Lock icon

The Australian Government has approved an industry funding model that will see retail financial advisers pay at least A$1,500 (£890, $1,136, €1,012) each to fund the Australian Securities and Investments Commission (Asic).

Published : 16, Jun 2017
Demise of the machines as Macquarie closes robo-advice unit

Demise of the machines as Macquarie closes robo-advice...

Macquarie's direct robo-advice service is to be shut down with its automated advice offering integrated into the bank's wealth platform following the sudden death of founder and chief investment officer John O’Connell.

Published : 15, Jun 2017
Singapore, HK to outpace Switzerland for offshore wealth

Singapore, HK to outpace Switzerland for offshore...

Singapore and Hong Kong remain the fastest-growing offshore centres and are set to outpace Switzerland when it comes to attracting wealth from abroad, a new report predicts.

Published : 14, Jun 2017
New entrant Singapore Life receives licence to target HNWs

New entrant Singapore Life receives licence to...

New insurer Singapore Life has become the first local insurer in nearly half a century to receive a licence from the Monetary Authority of Singapore (MAS) to operate as a direct life insurer.

Published : 14, Jun 2017
Deutsche Bank wealth arm eyes super-rich in Asia, Middle East

Deutsche Bank wealth arm eyes super-rich in Asia,...

Deutsche Bank Wealth Management is hiring 100 client managers around the world in a bid to target the ultra-wealthy, particularly in Asia and the Middle East.

Published : 13, Jun 2017
Hong Kong’s new Insurance Authority eyes mis-selling crackdown

Hong Kong’s new Insurance Authority eyes mis-selling...Lock icon

Hong Kong’s new insurance regulator plans to work closely with its mainland China counterpart to protect consumers when it officially takes over from the Office of the Commissioner of Insurance (OCI) on 26 June.

Published : 12, Jun 2017
Capital Group launches US equity fund in Asia

Capital Group launches US equity fund in Asia

US investment manager Capital Group makes a bet that the American economy will stay robust and launches a US equity growth strategy available for professional investors in Asia.

Published : 12, Jun 2017
Best and worst funds in Asia

Best and worst funds in Asia

Allianz, Schroder, Blackrock, UBS and Castlestone have funds that are among the best and the worst performers on a three-year basis as of 31 May.

Published : 12, Jun 2017

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