Asia
AMP misleading Aussie regulator could bring ‘jail time’
Australian treasurer Scott Morrison says revelations financial services giant AMP intentionally and repeatedly misled the regulator over advice fees charged to its own customers could result in “jail time”, a sentiment echoed by the regulator.
Lombard Odier extends into Indonesia
Swiss private banking group Lombard Odier has signed a strategic agreement with Indonesia’s Bank Mandiri that will see the firm extend its south-east Asia business model.
London calling for Singapore asset management masters students
A masters programme for asset and wealth managers in Singapore is to give its students exposure to some of the biggest global firms by holding classes in London and New York.
OMGI parts ways with Asian equities team
Old Mutual Global Investors (OMGI) is to hand the management of its two Asian equity funds to the firm’s global equities desk headed by Ian Heslop and part ways with fund manager Josh Crabb and his investment team, International Adviser can reveal.
Deutsche more bullish on China
Financials re-rating, structural changes and deleveraging are behind an increased confidence in DWS’s overweight in China equity, according to the firm’s chief information officer Sean Taylor.