Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Citi is already on the ground in Dhaka, where its operation is run by Mamun Rashid, and it acts as a full-service bank and correspondent banking service provider.
The Bangladesh equities market has been very vibrant for a number of years and subject to perennial booms and busts. Ten years ago, during a bull run, there was a ôkerb marketö thriving in Dhaka and, as the last of its kind in Asia, it was a memorable sight to behold. A kerb market is where share dealers, retail investors and speculators congregate on the street outside the stockmarket in their hundreds, and trade physical scrip, all making a huge racket and carrying bundles of share certificates and bags of banknotes. CitiÆs custody and settlement service will make things more efficient in Dhaka, but a lot less colourful.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.
The Asset Management Awards seek to recognise outstanding achievements among Asia Pacific-based fund and asset managers. Entries are open from now until March 4, 6pm HKT.
Some have accused Sri Lanka of falling into China’s “debt trap", but the South Asian nation refuses to put all of its eggs in China’s basket.
Hong Kong’s Mandatory Provident Fund recorded investment losses for 2021 as local and mainland Chinese equities underperformed, but experts eye other headwinds for the coming year.