Asia
Alternatives | 17 Sep 13
hong kongs sfc signs aifmd supervision agreement
The Securities and Futures Commission in Hong Kong has signed a memorandum of understanding with European authorities on the supervision of alternative investment fund managers.
hk consumer body finds array of fees
A new report by Hong Kong’s Consumer Council has found that those considering investing in investment-linked assurance schemes(ILAS) are faced with “a plethora of fees and charges” as well as “substantial” variations in the levels of these charges.
devere acquires thailand based broadgate
The deVere Group has acquired Thailand-based financial adviser Broadgate Investment Advisory Services.
coutts names specialist in singapore
Coutts & Co has named Watty Buwanawati, a specialist in Indonesian private banking, to its Singapore-based private banking team, as it looks to expand its business in Indonesia.
british virgin islands opens representative
The British Virgin Islands has opened an office in Hong Kong, its first in Asia, in what the government described as an effort to “boost ties with emerging markets in financial services and tourism”.