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.
Investec Asset Management has opened a Singapore office and installed Tobie van Heerden to cover institutional sales for Southeast Asia and Korea.
The move happened...
Life companies such as FWD and Prudential are ramping up efforts in Thailand to sell more unit-linked products and thereby reduce their investment risk. They face familiar challenges.
The new rules seek to close lending loopholes and break implicit guarantees in private funds, and follow similar efforts to curb such irregularities in asset management products.
Cybersecurity and changes to the accredited investor regime are set to impact the wealth management industries of Hong Kong and Singapore, experts said.
The country's government is encouraging local financial technology companies to create investing solutions. It could help fill the nation's dearth in experienced investment advisers.