Michelle Ng Man Chow is forbidden from re-entering the industry by the city's Securities and Futures Commission after misappropriating client assets and attempting to conceal it.
Compulsory default scheme MySuper and fee-for-advice could have a knock-on impact, while Australia's superannuation industry will increasingly reach out to the region.
The co-CEO calls its asset and wealth management business potentially its most important division. It comes after the bank failed in the partial sale of its AM unit last year.
A Securities and Futures Commission investigation found the Swiss bank failed to put internal controls in place to ensure all contracts were in compliance with position limits.
The funds industry in Asia is suffering due to regulatory pressure on product distributors and custodians around anti-money laundering and mis-selling, according to a recent ...
Hong Kong's securities regulator has banned the former bank employee following his conviction for theft and fraud related to client accounts.
The firm has been given a HK$1.6 million penalty for breaching a stock position limit on one of its client's accounts.
The Securities and Futures Commission has banned Lam Ka Wo until May 2016 for "dishonest conduct".
Chief executive John Huang is focusing on wealthy entrepreneurs as the Taiwanese firm bulks out its private bank division.
The UK insurance group is adding up to 40 sales and back-office staff for its retirement savings and investment business in Hong Kong, Singapore and Dubai.
Fund-of-hedge-fund executives say they are seeing growing discontent towards private banks by high-net-worth investors.
The first two months of the year saw net buying of Asia ex-Japan strategies ahead of China products amid a return of risk appetite. Asean funds topped the investment return charts.
Cazenove Capital Management hopes to extend its investment and advisory franchise to Hong Kong.
The private bank has named David Lam to lead its teams in Hong Kong, Greater China and the Philippines. He succeeds Ignatius Chong, who will focus on his role as HK market head.
Scale and stability are increasingly important for wealth managers in Asia – as is reflected by the recent exit of several relatively new players in the region.