Published by Asia Asset Management – 4th July 2018
Hong Kong-based Value Partners Group Limited (Value Partners) is launching its first private equity fund in China, with a fundraising target of 5 billion RMB (US$749.8 million).
Standard Chartered private bank has named a new chief operating officer, finews.asia can report exclusively. The private banker is one of several alumni of British bank Barclays.
Published by Asia Asset Management – 29th Jun 2018
US-based asset manager State Street Global Advisors (SSGA) has appointed Marcus Miholich as managing director and head of capital markets for Asia Pacific and Europe, Middle East and Africa (EMEA).
In China’s inefficient equity market, active management is preferred to passive investing, according to wealth management sources.
“Passive products are more effective in efficient and liquid markets coupled with a well represented index,” Kevin Liem, CIO at CBH Asia, told FSA. “They are good investment vehicles for US large cap stocks representing the S&P 500, for example.”
US-based firms, including Bridgewater Associates and State Street Global Advisors, have become new licence holders in China’s quota programme that allows them to invest in the country’s onshore markets.
With an eye on Vietnam’s burgeoning middle class Vietcombank selected Switzerland’s second largest lender to advise it on capturing further growth opportunities.
Julius Baer paid dearly to settle a criminal suit with U.S. tax investigators, but the Swiss private bank managed to keep two of its private bankers out of American jail. How?
EFG International has poached from rival Julius Baer for its top Hong Kong job. The hire follows a shake-up as EFG’s long-standing head in Singapore heads into retirement.
BNY Mellon’s wealth management arm is promoting from within for a senior Asian role.
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