News
Investment | news 7 Oct 16
Growth in Singapore’s asset management sector slows to 9%
Fund managers in Singapore saw a 9% increase in assets under management to S$2.6trn ($1.90 trn, £1.4trn, €1.6trn) in 2015, much slower than the 30% recorded the year before.
Deutsche Bank in asset management spin-off rumours
Deutsche Bank is working on an initial public offering of its asset management division to rebuild its capital position, the Financial Times has reported.
European Wealth buy Towry’s £120m South African client book
European Wealth has bought a book of business from Towry Asset Management, based on its clients in South Africa, who are estimated to have £120m ($152m, €132m) worth of assets.
Emerging Markets | news 7 Oct 16
Investors continue to funnel funds from Europe to EM
Emerging markets saw strong net inflows in August and September while outflows from European equity funds continue relentlessly.
Tax & Regulation | news 7 Oct 16
Life-ban for former HSBC relationship manager
Hong Kong’s SFC disqualifies Chen Chia-hui from the financial services industry following her bribery conviction.