Asia
rbc im fined hk4m over sale of unauthorized funds
A HK$4m ($520,000, 420,000) fine has been imposed on RBC Investment Management by the Securities and Futures Commission in Hong Kong in relation to investment advice provided by the firm on non-SFC authorized funds.
adveq opens hong kong office
Zurich-founded asset manager Adveq has opened an office in Hong Kong, its third in the Asia region.
aviva asia to acquire majority stake
Aviva Asia is to acquire around 81% of the holding company which owns Professional Investment Advisory Services Pty (PIAS), one of the largest financial advisory firms in Asia.
cazenove capital management plans
Cazenove Capital Management is planning to open an office in Hong Kong by the end of this year, pending approval from local regulators.
sfc bans wealth manager for three years
Hong Kongs financial watchdog, the Securities Futures Commission, has banned wealth manager Esther Lee Ying Chih from re-entering the industry for three years.