Singapore
The Fry Group launches Singapore discretionary service
Global financial advisory group The Fry Group has launched a discretionary investment service in Singapore, giving clients the option to delegate some or all of their ongoing investment decisions to the firm.
Charles Schwab targets Asian investors with Singapore office
US investment and financial planning firm Charles Schwab has opened an office in Singapore to provide local and Asian investors greater access to the US market.
Goldman Sachs execs grilled in 1MDB probe
Singapore’s economic crime unit has interviewed current and former Goldman Sachs executives over their links to beleaguered sovereign wealth fund 1Malaysia Development Bhd (1MDB), reports Bloomberg.
China adds 101 billionaires
There were nearly three times as many new Chinese billionaires than US ones last year, helping to make Asia home to the most billionaires for the first time and driving the global population to 1,542, according to a report from UBS and PwC.
Adviser recruitment review positive for clients in Singapore
Most IFAs in Singapore believe that a review of the industry’s recruitment practices by the city state’s Life Insurance Authority (LIA) will have a positive impact on client outcomes.