The insurance firm is handing more autonomy to its individual country CIOs and seconding its regional CIO to Eastspring in Singapore, as the changes continue at UK group Prudential.
Switzerland’s BSI Bank has been fined and ordered to close in Singapore for serious breaches of anti-money laundering requirements, poor management oversight of operations and gross misconduct by...
Work on the planned China-Hong Kong trading link for exchange-traded funds is continuing, albeit in the shadow of the coronavirus outbreak, global trade spats and cross-border tension.
Former M&G exec starts as CEO of new PE firm; SSGA names Apac head of ETF sales; Axa IM makes investment and sales hires; JLL adds Japan hotels team head; Intertrust opens NZ office; Bank of Singapore appoints North Asia wealth planning head; and more.
Chinese and HK state investors may well expect private fund firms to use the new limited partnership regime, for which a proposal is imminent, says a lawyer involved in the process.
A surprise doubling of the overseas allocation limit to 30% and lifting of the ban on private equity investment are welcome changes for increasingly yield-starved Thai insurance firms.