Asia
Bank of Singapore to open Luxembourg wealth manager
The private banking arm of OCBC Bank has received regulatory approval to launch a wealth management subsidiary in Luxembourg.
China’s Anbang eyes sale of Belgain insurer
Troubled Chinese insurance giant Anbang is reportedly exploring options to sell Belgian insurer Fidea.
Are China’s ETFs taking off?
Thanks to robust net inflows, China’s ETF market is now second in Asia behind Japan, data from Morningstar shows.
PEOPLE MOVES: Ardan chief executive departs
Ardan International’s chief executive announces his departure, Holborn’s Hong Kong chief executive moves to the US, while a senior adviser re-joins Barclays Wealth Management.
Praemium’s funds under administration rocket past A$8bn
Australian platform Praemium announced that gross inflows of A$760m over the last quarter have driven funds under administration to A$8.3bn (€5.2bn, £4.6bn, $6.1bn).