UK-based Old Mutual Global Investors is expanding its network of private banks in Asia and plans to register funds for retail distribution in Hong Kong and Singapore.
Hong Kong financial advisers are more concerned about the potential impact of changing rules than their peers in Singapore, pointing to a communication breakdown, finds a Skandia survey.
Last week's move by the ECB was encouraging, says Skandia Investment Group's head of asset allocation. The firm may seek a Singapore presence and retail licence.
As Richard Borysiewicz is hired as country head for Australia and New Zealand.