Asia
Ex-BSI Asia CEO settles lawsuit against the Swiss bank
The former chief executive for Asia of Swiss private bank BSI has settled a lawsuit against the bank for freezing his bonus, two months after Singapore’s regulator, in a rare move, ordered that the bank be shut down.
Chinese lead in $27bn outbound property investment
In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.
Value Partners reports a very tough first half
The Hong Kong-based fund manager Value Partners Group has revealed a large drop in assets under management, revenue, net profit and earnings per share for the first half of 2016, while announcing new hires and a new UK office.
HK life sector faces ‘unsustainable’ growth, says report
Hong Kong’s life insurance market cannot sustain the high level of growth it has seen in recent years due to weak domestic demand and new regulations imposed by the Chinese government, a report by credit rating firm A.M. Best has found.
China’s Noah sets up Jersey managed trust for HNW investors
The Shanghai-based wealth manager Noah Holdings has set up a trust with international service provider JTC in Jersey to address the increasing succession planning needs of its high net worth clients in China.