Asia
Advisers at 5-year low among Aussie rich
Nervous Australian millionaires are increasingly turning their backs on financial advisers and hanging onto excess cash, according to a new study.
Convoy to spend HK$300m to win back investors
Convoy Financial Services, the recently raided Hong Kong financial advisory firm that saw multiple senior executives arrested, plans to restore investor confidence by spending big on hiring more advisers and paying a retention bonus.
How three firms in Asia have prevailed during hard times
Life insurers and advisers in Asia had to deal with regulatory overhaul, squeezed margins and shifting demographics, but while some have departed, partnerships and innovation have helped others stay ahead.
Manulife targets 474 million Chinese customers
Manulife is to join forces with the Agricultural Bank of China to explore potential business opportunities in retirement and related businesses in China.
Convoy raids put Hong Kong firms on notice
Hong Kong’s financial services firms can expect greater regulatory scrutiny as an unprecedented joint probe by the Independent Commission Against Corruption (ICAC) and the Securities and Futures Commission (SFC) paves the way for future investigations.