Hong Kong
FPI brand will live on after Aviva merger
Friends Provident International, a major player in the Asia and the Middle East markets, will emerge from its takeover by UK insurance giant Aviva largely unscathed, according to Chris Wei, Aviva’s Asia chairman.
East Capital gets asset management licence in Hong Kong
East Capital has been granted a licence by Hong Kong’s chief regulator to market its products in the city.
China and Hong Kong open the door to cross-border fund sales
Hong Kong and China are to allow cross-border trading of mutual funds from 1 July, increasing the range of fund products available to retail investors in both markets and giving asset managers around the world access to the huge Chinese domestic market.
Old Mutual Global bolsters Asian distribution team
Old Mutual Global Investors has announced that Allen Chiu has joined its Hong Kong team as a senior sales manager.
HK shell company sold by deVere suspended by insurance regulator
Shell company Devere Group Hong Kong Ltd, which is no longer owned by the deVere Group, having been sold last year, has had its licence suspended by the Hong Kong insurance regulator.