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.
SFC licence jump linked to rise in private bankers in HK
Advisers suspect the influx of applications for intermediary licences in Hong Kong is due to an increase in private bankers and asset managers in the region.
MAS proposes tougher market enforcement regime
The Monetary Authority of Singapore has proposed new rules designed to toughen up its enforcement regime in order to deter market misconduct.