Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia property

Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia...

The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m (£10m, €7.7m) on Australian Gold Coast property, the Guardian has reported.

Published : 13, Jan 2017
Asia Pacific ETF assets lag other regions despite record year

Asia Pacific ETF assets lag other regions despite...

Asia Pacific ex-Japan ETF/ETP assets hit a record high of $135bn (£110bn, €127bn) in 2016, but still only account for 4% of the industry's global assets, according to ETFGI.

Published : 13, Jan 2017
The 2017 FSA Fund Award winners are...

The 2017 FSA Fund Award winners are...

Here are the Hong Kong winners of Fund Selector Asia's third annual fund management awards.

Published : 12, Jan 2017
Swiss bank Syz exits Asia to focus on Europe

Swiss bank Syz exits Asia to focus on Europe

Switzerland's Banque Syz has closed its asset management unit in Hong Kong to focus on European markets in the latest step towards consolidation in Asia's wealth management industry.

Published : 12, Jan 2017
Ex-Falcon Bank manager jailed in Singapore 1MDB probe

Ex-Falcon Bank manager jailed in Singapore 1MDB...

The first westerner to be charged in connection with the 1MDB scandal has been sentenced to 28 weeks in jail and fined S$128,000 (£73,352, $89,174, €84,235) by a Singapore court.

Published : 11, Jan 2017
Quaero brings `family enterprise' fund to Asia

Quaero brings `family enterprise' fund to Asia...

Geneva-based asset manager Quaero Capital is bringing its specialist fund that invests in European companies with family shareholders to Asia.

Published : 11, Jan 2017
India the biggest concern for emerging markets, says Mobius

India the biggest concern for emerging markets,...

November’s surprise ban of large currency bills in India is one of the greatest single-country risks in emerging markets, Mark Mobius, executive chairman of the Templeton emerging markets group, told our sister publication Fund Selector Asia.

Published : 11, Jan 2017
RL360° launches first Malaysia product

RL360° launches first Malaysia product

RL360° has launched Quantum Malaysia, a country-specific version of the insurer's regular premium savings plan and its first product in Malaysia.

Published : 10, Jan 2017
Fund managers pick China asset classes for 2017

Fund managers pick China asset classes for 2017...

Blue chip stocks in Hong Kong look attractive as the MSCI moves toward a decision on including China in its emerging market indices later this year, according to fund managers.

Published : 10, Jan 2017
Malaysian asset manager launches first sukuk Ucits fund

Malaysian asset manager launches first sukuk Ucits...

The Irish unit of Malaysia-headquartered CIMB-Principal Islamic Asset Management has launched its first global sukuk Ucits fund.

Published : 10, Jan 2017
Retail investor protection strengthened in Singapore

Retail investor protection strengthened in Singapore...

Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).

Published : 9, Jan 2017
2017 will be a good year for EM equities

2017 will be a good year for EM equities

Upward revisions of corporate earnings and attractive valuations should buoy emerging market equities, according to Eastspring Investments and Schroder Investment Management.

Published : 9, Jan 2017
Pakistan to drive frontier investing?

Pakistan to drive frontier investing?

The acronym VARP is popping up, led by an increasing interest in Pakistan investment.

Published : 9, Jan 2017
Singapore account holders must disclose tax residency status

Singapore account holders must disclose tax residency...

Account holders in Singapore have been told by the taxman to fully cooperate with their financial institutions as they determine the tax residency status of their clients under the Common Reporting Standard (CRS).

Published : 6, Jan 2017
Rotation from bonds into equities might not last long

Rotation from bonds into equities might not last...

Global growth in the second half of 2017 will help determine whether investors keep shifting assets out of bonds and into to equities, said Thomas Kwan, the chief investment officer for Hong Kong-based Harvest Global Investments.

Published : 6, Jan 2017
Ex-Citibank HK banker penalised for copy-and-paste signature

Ex-Citibank HK banker penalised for copy-and-paste...

A former Citibank senior personal banker in Hong Kong has been penalised for copying and pasting a client’s signature into a document to deceive the bank into accepting the signature as genuine.

Published : 6, Jan 2017
Japanese insurer to replace staff with AI system

Japanese insurer to replace staff with AI system...

A major Japanese insurance firm is to lay off 34 staff in its payment assessment department and replace them with an artificial intelligence (AI) system this month to improve operating efficiency.

Published : 6, Jan 2017
First westerner charged over Singapore’s IMDB scandal

First westerner charged over Singapore’s IMDB...

Swiss national Jens Sturzengger has become the first westerner to be charged by a Singapore court as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.

Published : 5, Jan 2017
US policy drives Bank of Singapore’s glum outlook on China

US policy drives Bank of Singapore’s glum outlook...

Potentially aggressive US trade policy and China's expanding credit are top concerns, according to Richard Jerram, the Bank of Singapore's (BoS) chief economist.

Published : 5, Jan 2017
Fidelity obtains first 'private fund' licence in China

Fidelity obtains first 'private fund' licence...

Fidelity International has become the first global asset manager allowed to launch investment products in mainland China through a wholly-owned local subsidiary, in the latest move by Beijing regulators to open up the country’s capital markets to foreign firms.

Published : 5, Jan 2017

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