Asia
Australia’s ASIC to ramp up jail terms for financial crimes
The head of Australia’s main financial services regulator Greg Medcraft has called for more white collar criminals to be jailed and said he has built up a $40 million fund to prosecute people suspected of financial misconduct.
Argos to partner with Lloyd George in new EM fund
Swiss-based Argos Investment Management is to link up with a new asset management company headed by emerging markets veteran Robert Lloyd George to launch a long only, UCITS fund focused on emerging market high growth sectors.
SFC recovers $190m after collapse of hedge fund
The Hong Kong Securities and Futures Commission has helped hundreds of investors recover their money after a failed hedge fund allegedly defrauded them out of more than $190m (£120m, €170m).
Manulife Singapore appoints chief operations officer
Manulife Singapore has appointed a new chief operations officer to oversee its new business and strategic technology.
Malaysian IFAs should switch to fee for service – experts
Financial advisers in Malaysia should not wait for regulators to replace commissions with fees for service, but follow the global trend favouring such arrangements, according to panellists at s recent Expert Investment Forum in Kuala Lumpur.