Published by The Business Times – 6th February 2017
Bank of Singapore announced on Monday that it has entered into a first-of-its-kind strategic cooperation agreement with Swiss banking group, Bank Vontobel AG.
This arrangement will allow its Asian ultra-high and high net worth clients to open an account with Vontobel to place their assets in the Swiss wealth manager’s Zurich booking centre. Clients will have the option of choosing Vontobel or Bank of Singapore to manage their assets booked in Zurich.
On the back of a recent management reshuffle in Asia, Indosuez Wealth Management has made a senior addition to its markets and investment solutions unit.
Published by Fund Selector Asia – 24th January 2017
Former Fidelity Korea country head Michael Reed has been appointed Bangkok-based CEO for Manulife Asset Management Thailand.
Reed, who assumed his role on 17 January, is responsible for the development and implementation of the firm’s growth strategy, according to a statement from the firm.
The asset manager’s head of insurance relationships has left and will not be replaced, amid a tough environment for the industry.
Eastspring Investments’ former head of insurance relationship, Andy Yang, left the firm last month and is looking for a new position, AsianInvestor has learned.
Published by Fund Selector Asia – 24th January 2017
Stafford, who will assume her new responsibilities immediately, is a Newport Beach-based managing director of the firm and currently the global head of the consultant relations group. She is expected to relocate to Hong Kong mid-year and will report to Emmanuel Roman, Pimco’s Newport Beach-based CEO, according to a statement from the firm.
Published by Wealth Briefing Asia – 20th January 2017
Fidelity International has appointed Jackson Lee as country head of China.
Lee has worked in China for over six years and has over 12 years’ asset management experience. He joined Fidelity in 2010, and his most recent role was Beijing chief representative. In his new role, he will be based in Shanghai.
Swiss bank Credit Suisse has announced it has reached a final settlement with the U.S. Department of Justice related to its legacy Residential Mortgage-Backed Securities business, paying a multi billion dollar fine.
The litigation over mortgage securities was one of the last large chunks of litigation hanging over Zurich-based Credit Suisse (CS) – a vestige of the years before the financial crisis of 2008-09, when the bank was a Wall Street powerhouse.
Emerging markets and Asia focused Standard Chartered Bank has named a new CEO for Hong Kong, the bank has also reshuffled a number of other roles.
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