Regions
HK regulator seeks ban, HK$77m from fintech firm directors
Hong Kong’s Securities and Futures Commission (SFC) is looking to disqualify 10 directors of Freeman FinTech Corporation and seeking compensation of HK$76.8m (£8.0m, $9.9m, €8.8m) for losses incurred during the acquisition of a local firm.
Two ex-BSI bankers in Singapore charged in 1MDB probe
Two former bankers for Switzerland’s BSI Bank have been charged by the Singapore police as part of their investigation into 1Malaysia Development Bhd (1MDB).
Franklin Templeton launches global currency Sicav
Franklin Templeton Investment has launched a Luxembourg-registered global currency fund.
M&G to launch Luxembourg-based Sicav amid Brexit fears
M&G Investments has announced plans to launch Luxembourg-domiciled Sicavs in response to predictions that Britain is likely to experience a ‘hard Brexit’ when it leaves the European Union in 2019.
Forth Capital withdraws from UAE, to close DIFC office
Specialist expat financial advisory group Forth Capital has decided to withdraw from the United Arab Emirates (UAE) and close its business in the Dubai International Financial Centre.