News
South Korea to introduce fee-based IFA model
South Korea’s Financial Services Commission (FSC) has announced plans to overhaul the country’s financial advisory sector, with IFAs set to provide independent advice while adopting a new fee-based only regime similar to the UK.
SMEs set to benefit from Singapore budget
A number of tax measures announced in Singapore’s budget last Thursday are aimed at spurring growth in the country’s small and medium-sized enterprise sector (SME) and encouraging the internationalisation of local businesses.
Hong Kong watch retailer to buy Liechtenstein private bank
The Liechtenstein-based private banking arm of Swiss firm Valartis Group is being sold to Hong Kong luxury watch retailer, Citychamp Watch & Jewellery Group.
Macro Views | news 29 Mar 16
Monetary policy heading toward “hazardous groupthink” – Pimco
Low, zero or even negative rates do not bring about the rebounds in growth and inflation that neo-Keynesian models predict, said Pimco’s Scott Mather.
People Moves | news 29 Mar 16
PEOPLE MOVES: AIG Singapore, Deutsche Bank, Generali, Thesis
Former Axa head Michael Bishop joins AIG Singapore’s board of directors, while Deutsche Bank hires a new chief governance officer. Generali Real Estate chief executive Christian Delaire resigns and asset management firm Thesis appoints Mike Hughes as a non-executive director.