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.
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Steven Seow has left the consultancy to focus on building up his own business, which connects bankers to projects. This follows a senior shake-up at the firm early last year.
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.
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.
SSGA hires Korea head; Credit Suisse recruits investment experts; HSBC Singapore gets wealth head; Vontobel AM bulks up in Australia; Safra Sarasin's Singapore CEO exits and more.
Foreign asset managers are fast ramping up their China growth plans, say recruiters. With investment management WFOEs tipped to double in 2018, a talent bottleneck is forming.
Shum is leaving after just eight months with the Hong Kong-based asset manager, which last week saw its planned acquisition by China's HNA Group fall through.
The China Insurance Regulatory Commission has released a set of rules that poses new limits on insurers' alternatives investments, forcing them to look for yields elsewhere.
Hong Kong will finally take steps to cancel the offset mechanism in the retirement saving scheme this year, which will likely benefit asset managers.
Swiss group UBP's asset management arm has lured a senior portfolio manager from its Dutch rival.