Asia
insurance company and director acquitted
An insurance company and one of its directors in Hong Kong have been acquitted of aiding and abetting unlicensed sales of an investment fund.
mas reprimands aon consulting for improperly
The Monetary Authority of Singapore has reprimanded Aon Consulting (Singapore)Pte, part of the London-based insurance and consulting giant Aon plc, for violating regulations covering financial advisers.
mbe to mbmg founding partner macdonald
Graham Macdonald, one of the founders of the Bangkok-based advisory business MBMG Group and its managing director, was awarded an MBE in the Queen’s New Year honours list, published at the end of December.
ing sells malaysian fund management business
Kuala Lumpur headquartered asset manager Kenanga Investors has bought ING’s Malaysian fund management business, part of a strategic sell-off by ING which also saw it complete the sale of ING Malaysia to AIA Group earlier this week.
hong kong regulator fines deutsche securities
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Deutsche Securities Asia and fined it HK$2.5m ($322,600, 244,700) for regulatory breaches and internal control failings relating to position limit failures.