Singapore
Market volatility weighs on DBS’s wealth management division
Net fee and commission income from DBS Group Holdings’ wealth management division fell by 4% during the third quarter, compared with the same quarter last year.
People Moves | 29 Oct 15
HSBC GAM India boss transfers to South East Asia role
The chief executive of the India arm of HSBC Global Asset Management has relocated within the business to spearhead the company’s South East Asia division.
FPI exits all markets bar Asia, ME and South Africa
Friends Provident International is abandoning all of its global operations, excluding Hong Kong, Singapore, Dubai, and the ‘permitted jurisdictions’ of South Africa and Qatar.
Zurich transfers Singapore adviser network to Nexus
Zurich Life Insurance (Singapore) has agreed to hand over all of its approximately 160 appointed financial advisers in the city state to Nexus Financial Services, part of the Middle East-based Nexus Group, in response to changes in the regulatory landscape.
Singapore U-turns on fund passport regime due to unfair tax rule
The Monetary Authority of Singapore said it backed out of a fund passport initiative because the legislation failed to address inequalities in the tax treatment of local and foreign investors.