Asia
julius baer reports high asia asset transfer
Julius Baer’s integration of the Merrill Lynch International Wealth Management business in Hong Kong and Singapore had a 'very high asset transfer' of over 80%, according to its four month interim statement today.
Capital Group appoints Economos to ramp
Capital Group has appointed Andrew Economos as senior vice president, strategic solutions.
HK US conclude FATCA talks sign pact
Hong Kong and the United States have concluded their discussions on the implementation of the Foreign Account Tax Compliance Act, with Hong Kong expected to sign a model 2 intergovernmental agreement later this year.
hk managers continue upbeat bets on equities
A greater majority of fund managers in Hong Kong continue to hold a bullish view on equities, with a preference towards European equities, according to a survey by the Hong Kong Investment Funds Association.
Future of portfolio bonds is unclear
Hong Kongs insurance and securities industry regulators are reported to be considering whether to introduce new restrictions on the sale of open architecture investment products, including so-called personal portfolio bonds (PPBs), market sources there say.