The Office of the Commissioner of Insurance says firms have had sufficient time to launch investment-linked assurance schemes that comply with new stricter regulations.
A recent example of this was the September approval of only the second HK-domiciled ETF for sale to Chilean pensions. Sean Tuffy of Brown Brothers Harriman expects this momentum to build.
Low Kah-Fai, Tommy Yip eye firm launch; Bank Pictet & Cie adds to board; Louvre Fiduciary names private wealth head; Wiser Capital Management set to open; and VAM fills marketing role.
So long as that GDP growth is cleaner and greener due to China's push to reduce corruption and pollution, said Wayne Bowers, the firm's CEO of Emea and Asia Pacific.
Damien Mooney says most major banks have invested in due diligence over the past year, driven by regulation. But he believes fee-based distribution would challenge fund houses.
Regulators look set to force asset managers to provide more data on their activities, due to concerns over systemic risk, argues the chief executive of RBC Investor & Treasury Services.