The Asian insurer has transferred staff from Hong Kong to the new Singapore-based entity, which it established to improve the efficiency of investment operations across the group.
South Korea’s Financial Supervisory Council FSC has issued licences allowing 13 local asset management companies AMCs to start conducting hedge fund business from this month.
Fullerton names China WFOE head; Bank of Singapore opens in DIFC; BNY Mellon appoints Korea chief; Sun Life replaces HK CEO, shuffles team; Insight adds in Australia distribution; NNIP forms responsible investment team; Northern Trust buys UBS fund servicing units.
The fund house's Asia head of fixed income, Ashley Perrott, suggests that waiting on China's inclusion in global bond indexes is a red herring, as his firm continues its push onshore.
The city’s annual budget had little to offer to encourage people to put more aside for retirement. That’s a mistake, given its fast-ageing populace.
We present the third in our series of predictions for the Year of the Rooster. Today: will the Bank of Japan be forced to re-think its 10-year bond yield target?