Asia
Gibraltar Life Insurance adviser stole £1.4m from clients
A financial adviser for Japan-based Gibraltar Life Insurance has been accused of stealing around JPY190m (£1.4m, $1.9m, €1.7m) from 26 customers over a period of 10 years, the company said in a statement on its website.
Pictet AM unveils its first Hong Kong-domiciled fund
Pictet Asset Management has launched a multi-asset income fund, its first domiciled in Hong Kong, and has high expectations for emerging Asia equities over the next five years.
Lombard Odier shrugs off EM equities concerns
Emerging market equities are attractive despite China risk and a possible US rate hike this year, argues Lombard Odier Investment Managers client portfolio manager, Pascal Menges.
Hong Kong regulator bans two ex-HSBC advisers for life
Hong Kong’s Securities and Futures Commission (SFC) has banned two former HSBC employees from re-entering the financial services industry for life after they were convicted of fraud.
BlackRock launches Asia absolute return fund
BlackRock has launched the Strategic Funds Asia Pacific Absolute Return Fund, which will aim to exploit the region’s “under-appreciated areas of strength.”