Asia
Aberdeen buys Value Partners’ Taiwan fund business
Aberdeen Asset Management has expanded its Taiwan business by fully acquiring Value Partners Concord Asset Management.
Naming and shaming better than fines says Singapore regulator
Singapore’s decision not to impose the same hefty fines on banks linked to 1MDB as other countries, but to instead name and punish individuals responsible, is a strong deterrent, said Ravi Menon, managing director of the city-state’s financial regulator.
Hong Kong top Asian city for attracting ultra-wealthy
Hong Kong has the most number of ultra-high net worth (UHNW) individuals in Asia and globally it ranks second, according to the Wealth-X 2017 ultra wealth report.
Adviser slams IoM regulator over Quadris Environmental fund
A Shanghai-based financial adviser has heavily criticised the Isle of Man Financial Services Authority (IoMFSA) over how it has handled the fallout of the Quadris Environmental Forestry Fund, which invested in Brazilian teak plantations.
St James’s Place expands in Singapore
St James’s Place (SJP) Wealth Management Asia has moved to larger premises in Singapore to develop a stronger presence in the local market and build on its expat-focused business.