Asia
hk trust laws reforms edge closer as govt
Hong Kong’s government has published the conclusions of a three-month consultation carried out earlier in the year to gauge industry views on plans to reform and modernise the special administrative region’s trust laws.
hk based intermediary fined 1 6m over lehman
The Hong Kong branch of a Taiwanese intermediary company has been fined US$1.6m (S$2m, 1.3m) over the sale of Lehman Brothers-backed structured products in 2008.
advisory firm fined by singapore regulator
A financial advisory company in Singapore has been fined by the local regulator for failing to file its annual accounts on time.
ita opens branch in kuala lumpur
Cayman Islands insurer Investors Trust Assurance (ITA) has opened a branch office in Kuala Lumpur, Malaysia, to serve as a hub for its Southeast Asia target market.
credit suisse cuts asset management in sing
Credit Suisse has eliminated an undisclosed number of roles in its asset management operations in Singapore, International Adviser has learned.