The new rules from the European Securities and Markets Authority will affect research consumption and fund distribution in Asia, according to a roundtable by AsianInvestor and BNP Paribas.
Australia’s Financial Services Council FSC has urged domestic policymakers to internationalise the nation's $2.3 trillion domestic fund industry to rival Hong Kong and Singapore.
The country's insurers are facing tighter regulations in their investment activities, with a new set of rules restricting their investments into public-private partnerships.
Investors are keen to allocate more to hedge funds and private credit while more will reduce equities, according to an annual survey of institutional investors by BlackRock.
HSBC PB names global PWS head; BNY Mellon IM appoints China intermediaries head; Amundi poaches from Barings; Schroders hires SE Asia multi-asset head; Wellesley starts wealth practice and more.
BNP Paribas Wealth Management has poached an executive from LGT Capital Partners, and other private banks are also looking to strengthen their direct investment teams in Asia.