Singapore bans star dealmaker as banks fined £5.3m over 1MDB

Singapore bans star dealmaker as banks fined £5.3m...

An ex-Goldman Sachs banker is facing a ban from Singapore’s securities industry , while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.

Published : 2, Dec 2016
Australia's IOOF considers buying ANZ's wealth business

Australia's IOOF considers buying ANZ's wealth...

Australian-listed financial services firm IOOF Holdings has indicated it is interested in buying the ANZ bank’s domestic wealth management business.

Published : 30, Nov 2016
St James' Place doubles adviser numbers in Asia

St James' Place doubles adviser numbers in Asia...

St James’s Place has expanded its presence in Asia as it moves from servicing expats and looks to target the region's high net-worth individuals (HNWIs), said Mike Gravestock, partnership director for Asia and international.

Published : 30, Nov 2016
Smaller firms likely to bear the brunt of HK fee disclosure

Smaller firms likely to bear the brunt of HK fee...

Hong Kong's enhanced fee disclosure proposals should not have a big impact on banks and fund houses, but may impact smaller intermediaries, according to industry players.

Published : 29, Nov 2016
Singapore’s 55% commission cap 'good news' for some advisers

Singapore’s 55% commission cap 'good news' for...

The impact of Singapore’s 55% cap on commission payments may not be as severe or restrictive as once thought, and may even see some advisers slightly better off, an industry source told International Adviser.

Published : 29, Nov 2016
Lombard International granted Singapore licence

Lombard International granted Singapore licence...

Lombard International, the global wealth structuring solutions provider, has been granted a Financial Adviser’s licence by the Monetary Authority of Singapore (Mas).

Published : 28, Nov 2016
Bank of Singapore buys Barclays wealth unit for 30% less

Bank of Singapore buys Barclays wealth unit for...

Bank of Singapore (BoS), a subsidiary of one of Singapore's largest banks, has completed the acquisition of the wealth and investment management business of Barclays in Singapore and Hong Kong.

Published : 28, Nov 2016
Maseco Wealth targets ‘gaping hole’ for US citizens in Asia

Maseco Wealth targets ‘gaping hole’ for US citizens...

UK-based Maseco Wealth, the specialist wealth manager for US expat clients, is to target Asia with the launch of an independently owned business in Hong Kong.

Published : 25, Nov 2016
Hong Kong regulator pushes for fee transparency

Hong Kong regulator pushes for fee transparency...

Fund distributors in Hong Kong will have to disclose any monetary benefits they receive prior to, or at the point, of sale, under new proposals from the Securities and Futures Commission (SFC).

Published : 24, Nov 2016
Fiscal policy could drive Asian equities in 2017 - BlackRock's Swan

Fiscal policy could drive Asian equities in 2017...

A transition from monetary to fiscal policy, progress on reforms in the region and low valuations make Asian equities attractive in 2017, said Andrew Swan, head of Asian equities at Blackrock in Hong Kong.

Published : 23, Nov 2016
Australia unveils standards bill on degree-qualified advisers

Australia unveils standards bill on degree-qualified...

Australia has introduced a new professional standards legislation that will require financial advisers to be degree-qualified.

Published : 23, Nov 2016
Bank of Singapore to open financial advice unit in Dubai

Bank of Singapore to open financial advice unit...

A subsidiary of one of Singapore's largest banks, OCBC Bank, has confirmed it will offer financial advice to wealthy individuals in the Middle East when it opens a new office in Dubai next year.

Published : 23, Nov 2016
Mirae launches first-sharia compliant fund

Mirae launches first-sharia compliant fund

Mirae Asset Global Investments has launched a sharia-compliant version of its flagship Mirae Asia Sector Leader Equity fund.

Published : 22, Nov 2016
Asia a key market for UK insurance sector growth, says ABI

Asia a key market for UK insurance sector growth,...

The Association of British Insurers (ABI) has identified eight countries as priority markets for the expansion of the UK’s insurance and long-term savings markets, all of which are located in Asia.

Published : 21, Nov 2016
China meltdown `very unlikely’: Lombard Odier

China meltdown `very unlikely’: Lombard Odier

China’s debt-to-GDP increased to 250% in the first quarter this year from 154% in 2008. But Lombard Odier believes the picture is not as bad as it seems.

Published : 21, Nov 2016
AIG agrees to sell Japanese life insurance unit to FWD

AIG agrees to sell Japanese life insurance unit...

American International Group (AIG) has agreed to sell its Japanese life insurance business to one of Asia’s most prominent insurers FWD Group for an undisclosed sum.

Published : 17, Nov 2016
Regular premium sales up nearly 20% in Asia, reports Prudential

Regular premium sales up nearly 20% in Asia, reports...

Prudential reported a 19% increase in new business profit for the first nine months of the year, driven mainly by a strong performance at its Asian life business.

Published : 16, Nov 2016
Sanlam increases stakes in two Indian insurance companies

Sanlam increases stakes in two Indian insurance...

South African financial services group, Sanlam has acquired bigger stakes in two Indian insurance companies, following recent regulatory changes that allow up to 49% foreign shareholding in insurance companies in the country.

Published : 16, Nov 2016
Cost of life policies in Taiwan expected to spiral by 20%

Cost of life policies in Taiwan expected to spiral...

The cost of life insurance policies is expected to rise by as much as 20% next year as the Financial Supervisory Commission (FSC) tightens reserve requirements.

Published : 16, Nov 2016
What China's debt pile and '80s England have in common

What China's debt pile and '80s England have in...

There are a number of parallels to be drawn between the current debt overhang in China and 1980s Britain, particularly in the northeast, says Matthews Asia chief investment officer, Robert Horrocks.

Published : 15, Nov 2016

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