One wealth industry executive questions Etrade's commitment to Asia, but others say the firm's closure in the region should not be seen as a bellwether for the online advisory model.
Charles Schwab seeks to lure Chinese investors.
Raymond Lim is leaving ABN Amro to take over as managing director of DBS Securities. In Hong Kong, DBS Securities has recruited Josephine Lam as head of retail dealing.
Charles Schwab, the US-based discount brokerage, is pressing ahead with plans to offer Hong Kong residents secure stock trading over WAP-enabled mobile phones.