More than 1,700 financial institutions in Hong Kong have submitted to local authorities the account details of customers who are tax residents of 75 jurisdictions around the world, as the city prepares to exchange information with other governments to crack down on tax evasion.
US-based financial services provider State Street Corp. (State Street) has appointed Michele Hardeman as head of global markets for Asia Pacific, filling a position that had been vacant since the beginning of the year.
Published by Asia Asset Management – 12th Sep 2018
US asset manager Franklin Templeton Investments (Franklin Templeton) is teaming up with Hong Kong-based Asia Alternatives Management to form a private equity joint venture that will focus on offering fund-of-funds.
Published by Asia Asset Management – 12th Sep 2018
Amundi Asset Management Malaysia (Amundi Malaysia), a subsidiary of Paris-based Amundi Asset Management, has appointed Haizan Johari as its new managing director.
Citigroup Inc. has hired two executives to bolster its Asia Pacific Delta One division, including a chief for exchange-traded funds (ETF) trading in the region.
Published by Asia Asset Management – 10th Sep 2018
Lembaga Tabung Angkatan Tentera (LTAT), Malaysia’s Armed Forces Fund board, has appointed Nik Amlizan Mohamed as its new chief executive officer (CEO) after getting the greenlight from the country’s defence minister.
Published by Asia Asset Management – 10th Sep 2018
China’s life insurance companies are trimming their exposure to alternatives and shifting into mainstream assets because of stricter regulatory rules and lower yields from alternative investments, according to senior executives at Moody’s Investors Service (Moody’s).
DBS Hong Kong have announced that Daryl Wong has been appointed as Executive Director and Head of Treasures Private Client. Daryl has more than 20 years of extensive investment product and advisory sales experience and was previously Head of Investment Advisory and Treasury Sales of the Consumer Banking Group and Wealth Management at DBS Hong Kong.
Published by Asia Asset Management – 6th Sep 2018
Asia Pacific pension fund assets outperformed their global peers last year, thanks to strong performance of their regional investments, according to Willis Towers Watson, a UK-based investment consultancy.
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