Singapore
Raid on rival boosts new AIA advice arm
Singapore’s newly minted AIA Financial Advisers is on a recruitment spree and has reportedly made an offer of around S$100m (£56.5m, $74.5m, €62m) to lure across more than 300 people from Great Eastern’s Advisors Alliance Group.
Fullerton and Man Group to launch private funds in China
Singapore’s Fullerton Fund Management and alternatives specialist Man Group have received private fund management (PFM) licences from the Asset Management Association of China.
Axa Life Singapore ordered to pay $3m over bad reference
Axa Life Insurance Singapore has been ordered by the country’s High Court to pay compensation to a former employee for providing an unflattering reference to the Monetary Authority of Singapore (Mas) and his prospective employer, Prudential Assurance Company Singapore.
Singaporeans are top financial adviser users
Singapore is the country with the highest proportion of investors seeking the help of financial advisers to manage their assets, according to a survey by global investment firm Legg Mason.
Singapore warns investors on virtual currency investments
As virtual currencies grow in value, investors have been warned about the risks of virtual currency-related investment schemes by Singapore’s Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (Mas).