Asia
american schoolteacher takes on hks ilas
What began as an arguably unnecessary savings product sold to a 27-year-old kindergarten teacher last year has become a growing public relations nightmare for one of Hong Kong’s largest advisory firms, after the teacher’s boyfriend decided to get involved.
swiss national bank chooses singapore
The Swiss National Bank has chosen Singapore as the location for its first overseas branch, and opened an office there earlier this week.
malaysian bank reprimanded by mas
As part of its continued drive to flush out bad financial practice and boost the standard of advice and product provision in the Southeast Asian city, the Monetary Authority of Singapore (MAS) has reprimanded a Malaysian bank for allowing unauthorised employers to dispense financial advice.
singpore to replace switzerland as numberone ifc
Switzerland is losing ground to Singapore as an international finance centre, with new wealth centres including Dubai, Miami and Hong Kong also upping the competition, a new survey says.
mas sets out concerns of adviser industry
The Monetary Authority of Singapore has called on the Association of Financial Advisers in Singapore to take the lead in coming up with initiatives to address problems identified in the industry.