Asia
city financial names kay to head up
City Financial Investment, a London-based independent investment manager, has named Philip Kay to head up its Asia operations.
stanchart bank faces investigation
Standard Chartered Bank is facing an investigation by the police and regulators in Singapore, after the February 2013 account statements of some 647 its private bank clients were stolen.
two major hk banks reported reviewing ilas
Two of Hong Kong’s ‘big four’ banks are “said to be reviewing their policies on the sale of investment-linked assurance schemes” with a view to promoting them more actively, in one case, and resuming their sale in the other, a Hong Kong daily is reporting.
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.