Asia
Underinvested, underinsured and over here – China’s wealthy on the move
China’s private wealth is growing at a break neck pace with four of its eastern provinces as wealthy as Portugal, according to analysis from Legal & General Investment Management (LGIM).
Malaysia life insurer inks digital distribution deal
Gibraltar BSN Life is to boost its distribution management operation in Malaysia by partnering with Majesco Distribution Management and Digital Solutions.
Credit Suisse to pay $47m to resolve Asia hiring probe
Credit Suisse has agreed to pay a penalty of $47m (£35.1m, €40.1m) to the US Department of Justice (DOJ) to end an investigation into whether it hired employees in Asia in return for investment banking business and regulatory green lights.
Thai insurance faces disclosure shake up
Life insurance providers will have to outline the fees and commissions they pay as part of proposed reforms in Thailand.
Finding value in EMD and alternative fixed income
To navigate the hazards of the bond markets, one fund manager looks to US and emerging market debt for value while a fund selector finds opportunity in alternative fixed income.