Asia
bank indonesia applies brakes to dbs plan
Bank Indonesia, Indonesias central bank, will not approve a proposed acquisition by Singapores DBS Group Holdings of Bank Danamon Indonesia until it has established new foreign ownership rules for banks in the country and a reciprocity arrangement with Singapore, according to reports.
msci hires um for korea push
Index and portfolio analytics provider MSCI has appointed Tae Jong Um as its head of Korea, responsible for driving the companys development in the country.
irish fund industry association opens hong kong
The Irish Funds Industry Association is opening a representative office in Hong Kong after announcing plans to expand its presence in the region.
invesco and schroders on shortlist to buy ing
UK-based asset management company Invesco is reportedly one of the front runners to buy the Asian asset management division of ING.
singapores life insurance assn comments on fair
The Life Insurance Association of Singapore today used the city-states main newspaper, the Straits Times, to explain its support for a pending review of Singapores financial advisory industry unveiled last month at its 50th anniversary dinner.