Asia
Asian markets await clarity post-election recovery
Asian markets have recouped all their knee-jerk losses as the dust settles follow Donald Trump’s US presidential election win.
Singapore confirms ex-offenders can work in financial services
The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.
Old Mutual Int’l targets Hong Kong’s domestic advisers
Old Mutual International has appointed Friends Provident International’s Ivy Lee as head of business development to boost the firm’s support for the domestic adviser channel and reach in the domestic adviser market.
Aus adviser stole client money to pay Wolf of Wall Street
An Australian financial adviser has been banned after he used client money to pay for a house, cosmetic surgery for his partner, and to repay debts to Jordan Belfort, better known as the Wolf of Wall Street.
ANZ eyes Australian wealth management exit
ANZ Bank is considering selling its life insurance, advice, and superannuation and investments businesses in Australia which would see one of the country’s largest financial institutions effectively withdraw from the wealth management sector.