Chinese robo-advisers looking at data mining to stay ahead
Chinese robo-advisers are likely to use data to personalise their services, bringing clients closer to a private banking experience, according to Gregory Van Den Bergh of Chinese fintech developer Micai.
NAB sells Asian wealth units to Singapore’s OCBC
The National Australia Bank has announced the sale of its private wealth business in Singapore and Hong Kong to Singapore’s OCBC.
Hong Kong-Swiss scheme to join fund passport club
A Switzerland-Hong Kong fund recognition scheme is looking to gain traction in Asia, following closer links between the two countries in recent months.
Mirae Asset launches Asia Pacific multi-asset fund
Mirae Asset Global Investments (HK) has launched a Luxembourg-domiciled Asia Pacific multi-asset income fund targeted to institutional investors and high-net-worth individuals.
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.