Asia
BNY Mellon expands separately managed
BNY Mellon, which recently received a capital market services licence from the Singaporean regulator, has expanded its separately managed account business in the city-state.
Royal Bank of Scotland to repurchase lehman notes
The Royal Bank of Scotland is to repurchase Lehman Brothers-backed equity-linked notes from investors, after reaching an agreement with Hong Kong’s Securities and Futures Commission and the Hong Kong Monetary Authority.
macquarie completes acquisition of ing investment
Macquarie Investment Management, part of Macquarie Funds Group, has completed the acquisition of ING Investment Management Korea from ING Group.
providers face six month cut off
From 1 January next year providers seeking regulatory approval to launch new products, including ILAS, in Hong Kong will have only six months to complete the application process before data has to be re-submitted and they lose their application fee.
hk mandatory pf accounts assets rise says cerulli
Assets in Hong Kong's Mandatory Provident Fund have more than doubled since 2008, accounting for about 63.5% of retirement investable assets despite the lack of clarity over fund expense ratios, according to Cerulli Associates.