Hong Kong fund managers suffer 10% fall in AUM
Hong Kong suffered a 10% decline in the total AUM of its fund management sector in 2011, an annual survey has revealed, although steps to strengthen its position as an offshore renminbi centre leave the jurisdiction in a good position, says its regulator.
Tax & Regulation | 17 Jul 12
jersey regulator busiest year rule breaches
The Jersey Financial Services Commission (JFSC) carried out a record number of new investigations into alleged rule breaches last year, according to a report in The Jersey Evening Post.
old mutual am creates new head of benelux role
Old Mutual Asset Management, the US-based asset management arm of Old Mutual, has appointed Pascal Vernaeve to the newly created role of head of Benelux sales.
Tax & Regulation | 17 Jul 12
societe generale to repay 11m to customers
French banking giant Société Générale is to repay more than $11m to customers in Hong Kong after the City watchdog reprimanded it for overcharging on certain over-the-counter investment products sold by its wealth management division.
Guardian Wealth Management partners with SEI
Guardian Wealth Management (GWM) has chosen SEI as its sole international platform provider for all its offices around the world.