Asia
Hong Kong insurance companies defy 2015 asset dip
Insurance companies in Hong Kong reported a 3.5% increase in assets under management to HK$468bn (£45.6bn, $60.3bn) during 2015, compared with a decrease of 1.6% for the jurisdiction’s combined fund management business.
Axa Life’s Singapore CEO steps down in restructure
Chief executive of Axa Life Insurance Singapore, Glenn Williams, has stepped down after 15 years with the Axa group following a restructure of the business.
Robeco sets up Singapore office
Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately in Asia, New York Life Investment Management is opening a Japan sales office.
Malaysia’s retail unit trust sector gets a boost
Malaysia’s Securities Commission (SC) is shortening the time it takes to get non-complex retail unit trusts to market.
Singapore to act against 4 key banks over 1MDB scandal
Singapore has announced plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).