This is the first major step for BNP Paribas Securities Services in Hong Kong to offer new services to clients.
The Chicago-based fund of hedge funds plans to target Asian investors.
US investment bank expands Korean operations.
Andrew Barber loses an appeal and Hong Kong''s financial planning industry gets another black eye.
Fund managers, custodians, trustees and record keepers must apply for enterprise annuities business this month.
The agency license will allow the bank to lend to institutions trading on the country''s stock exchange.