Hong Kong
Swiss bank Syz exits Asia to focus on Europe
Switzerland’s Banque Syz has closed its asset management unit in Hong Kong to focus on European markets in the latest step towards consolidation in Asia’s wealth management industry.
HK rolls out internship programme in latest fintech push
The Hong Kong Monetary Authority and the Technology Research Institute have rolled out a programme that provides fintech internships for undergraduate and postgraduate students, as part of its latest move to become Asia’s leading fintech hub.
Senior managers must be held more accountable, says HK regulator
Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC).
Wealthy Singaporeans favour cash compared to HK counterparts
High net-worth individuals (HNW) in Singapore hold greater amounts of cash and deposits compared to their Hong Kong counterparts, according to Ivan Han, a Singapore-based senior analyst at Cerulli Associates.
Asia’s wealth managers turn to local markets for new hires
Wealth management firms in Asia are ramping up domestic recruitment due to rising demand by Asian clients for advice from managers with local knowledge, language skills and cultural understanding.