Insight Investment’s Diversified Inflation Plus Fund has been added to the Macquarie Wrap platform, with the fund manager’s Australia and New Zealand director, Bruce Murphy, saying the move will give advisers access to institutional-quality capability.
Published by China Economic Review – 29th Sep 2018
China has published new rules that will allow bank wealth management funds to invest in stocks and relax capital requirements for certain investment products, Caixin reports.
Julius Baer and Nomura announce the acquisition by Nomura of a 40 per cent shareholding in Julius Baer’s wholly owned subsidiary – Julius Baer Wealth Management Ltd. – which currently provides international wealth management services to Julius Baer’s high net worth client base in Japan. This new equity investment by Nomura represents a significant step forward for both firms’ strategic ambition for the Japanese market and will provide Julius Baer access to Nomura’s high net worth franchise.
Schroders Wealth Management have announced the appointment of Jason Huang, subject to regulatory approval, as Senior Relationship Manager. In this newly created role, Jason, who is based in Hong Kong and joined in August, will be responsible for building Schroders’ wealth management client base with Greater China clients with assets in Hong Kong. He will report to Robert Ridland, Portfolio Director, Schroders Wealth Management.
HSBC Private Banking confirms Sanjay Shah is appointed Desk Head, International Markets. Based in Singapore, he will support on the continued build-out of the bank’s offshore India business and oversee wealth management strategies for its international client base.
Standard Chartered Private Bank has made eight appointments to its Global South Asian Community (GSAC) team, which is responsible for advising the bank’s non-resident South Asian clients.
Published by International Investment – 27th Jul 2018
Rothschild & Company, the Paris-based international financial advisory group, is to close its Singapore wealth management office and operate its Asian business from its Hong Kong regional office.
Asia’s largest private bank, UBS, has returned to expansion mode and has been hiring more relationship managers than its rivals over the past year. Its headcount of Asian ‘client advisors’ (the name it uses for RMs) now stands at 1,095, according to the firm’s second quarter financial results.
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