Asia
Swiss bank Syz exits Asia to focus on Europe
Switzerland’s Banque Syz has closed its asset management unit in Hong Kong to focus on European markets in the latest step towards consolidation in Asia’s wealth management industry.
Ex-Falcon Bank manager jailed in Singapore 1MDB probe
The first westerner to be charged in connection with the 1MDB scandal has been sentenced to 28 weeks in jail and fined S$128,000 (£73,352, $89,174, €84,235) by a Singapore court.
Quaero brings `family enterprise’ fund to Asia
Geneva-based asset manager Quaero Capital is bringing its specialist fund that invests in European companies with family shareholders to Asia.
India the biggest concern for emerging markets, says Mobius
November’s surprise ban of large currency bills in India is one of the greatest single-country risks in emerging markets, Mark Mobius, executive chairman of the Templeton emerging markets group, told our sister publication Fund Selector Asia.
RL360° launches first Malaysia product
RL360° has launched Quantum Malaysia, a country-specific version of the insurer’s regular premium savings plan and its first product in Malaysia.