Asia
Australian banks to begin sharing information on ‘bad advisers’
Australia’s major banks have announced plans to name and share information about financial advisers with a poor record of conduct to help prevent them moving around the industry.
SJP to launch Rowan Dartington in Asia by end of June
St James’s Place is set to roll out services from discretionary fund manager Rowan Dartington across its Asian operations during the first half of this year, according to Mike Gravestock, international partnership director.
Ex-FCA chief McDermott to join Standard Chartered
The former head of the UK’s Financial Conduct Authority (FCA), Tracey McDermott is to join Standard Chartered in the latest high-profile hire for the bank.
Thailand eases foreign ownership rules for life companies
Thailand has announced it will relax foreign ownership restrictions and board limits for life insurance companies in a bid to “promote stability” in the industry.
Aviva to sell 60% of Hong Kong life business in digital venture
British insurance giant Aviva has agreed to sell two thirds of its Hong Kong life business to Chinese tech firm Tencent and private equity firm Hillhouse Capital in a deal that will see the unit transform into a digital insurer.