The first phase of the scheme to allow investors to hold and transfer securities in their own name is expected to be implemented in 2013.
And these firms should consider outsourcing, which carries in-built insurance against pricing errors, says Chris Ryan in his new role at Citi securities and funds services.
The Japanese giant finds a way outside of Japan to combine its prop-desk activities in a fund structure for institutional clients.
Members of the Singapore Stock Exchange can now use Citi for third-party clearing.
Fund houses in China have been told to keep an eye out for customers whose names might be on the state's list of terrorists, criminal suspects, convicted criminals and enemies.
UBS Global Asset Management and Goldman Sachs are exploring whether they can participate in ‘collective investment management’ schemes in China.
Compulsory registration and licensing will be required for fund advisory and rating providers. But a few innocent bystanders are likely to be affected.
Unfazed by the recent breakup of its QDII advisory deal with China Southern, BNY Mellon carries on with its planned launch of a JV with Western Securities.
The law firm launches a US securities practice in Singapore to be led by Nick Buford.
Group becomes first lending agent to complete a securities financing transaction in Taiwan.
Société Générale and GF Securities join to develop warrants business in China.
Rosenfeld, Cavet and Pili come on board as the Asian equity research group further expands.
Appointed director and Taiwan equity sales specialist.
An agreement with the Tokyo Stock Exchange promises standardization and consolidation of trading infrastructure.
One new appointment and more to come, says Merrill Lynch.
New desk set up to push Korean equities to international funds.
One of China''s top securities firms is looking for a foreign partner to help launch a fund management business.
State Street''s regional head of securities lending is off to London to handle the integration of Deutsche Bank''s lending portfolio.
Citibank has added to its global securities services with the appointment of Samuel Lau as vice president, regional sales and account manager for intermediaries in Asia.
While Joe Hancock joins the Hong Kong office, HSBC Securities has also appointed three bankers to its Singapore and Malaysian teams.