Asia
Hong Kong wealth management assets hit $1trn
A more inclusive assessment of Hong Kong’s financial services sector helped push total assets under management at private banking and private wealth management firms to $1trn (£767,730, €859,910) in 2017.
Under-fire Aussie insurer unveils adviser training programme
On the back of strong criticism over how AMP has treated clients, Australia’s largest advice firm has launched a training and development programme to “meet the growing demand for high-quality financial advisers”.
Bank of Asia targets high net worths from the Caribbean
The British Virgin Islands is now home to the Bank of Asia, a fully digital, cross-border bank looking to address the growing needs of offshore companies, individuals and high net worth individuals.
Hong Kong set for Academy of Finance
Hong Kong’s finance sector is about to get a lot more academic after plans to set up an academy were boosted by the special administrative region’s monetary authority.
PEOPLE MOVES: Holborn, Carrick Wealth, Vanguard
Holborn Assets Hong Kong names its chief executive, Carrick Wealth appoints an acquisitions director who comes by way of the UK, Singapore and Dubai, while Vanguard bolsters its ETF Capital Markets team in Europe.