Asia
CIMB-Principal passports first ASEAN cross-border funds
Kuala Lumpur-based fund house, CIMB-Principal Asset Management, has passported the first funds under the ASEAN collective investment scheme (CIS) framework.
Bedell Trust takes majority stake in Singapore business
Jersey-headquartered Bedell Trust has acquired a majority stake in Singapore Trust Company (STC) as part of its expansion plans in Asia.
Global head of HSBC GAM relocates to Hong Kong
The chief executive of HSBC Global Asset Management, Sridhar Chandrasekharan, has relocated to Hong Kong from the firm’s headquarters in St James, London, to tap the region’s stronger growth outlook.
Mercer fined by MAS for unlicensed selling of life policies
The Singapore-based arm of Mercer has been fined by the Monetary Authority of Singapore for allowing unlicensed representatives to arrange contracts for life insurance policies.
St James’s Place boosts number of advisers in Asia, eyes UAE
St James’s Place Asia, the re-branded The Henley Group, has seen 40% growth in the number of partners and advisers based at its three offices in the region.