Asia
hwang im targets myr20bn aum in five years
One of Malaysias largest investment management companies, Hwang Investment Management, has announced plans to grow its assets to myr20bn within the next five years.
axa buys hsbc p and c arms
Axa will acquire HSBCs property and casualty businesses in Hong Kong, Singapore and Mexico, the firm announced today. The French insurance giant has also signed an exclusive ten-year P&C bancassurance deal with HSBC in these countries, as well as in India, Indonesia and China.
hk commissioners letter reignites issue
A letter sent last week by Hong Kongs Commissioner of Insurance to Hong Kong’s insurance industry practitioners has sparked surprise and frustration among many independent insurance brokers and IFAs, with its implication that commission disclosure is to be fully compulsory within two months.
hong kong sfc bids to reduce systemic risk
Hong Kong’s Securities and Futures Commission (SFC) has tightened its oversight of risk management and strategy planning with the creation of a centralised unit.
q4 took toll on investors in hk singapore
Investor confidence in Hong Kong and Singapore fell sharply in the fourth quarter of last year, according to the seventh Investor Attitudes study from Friends Provident International.