Asian Investor - Distributors

UBS Securities Hong Kong hit with fine

Wed, 22 May 2013 08:50:00 GMT

The firm has been given a HK$1.6 million penalty for breaching a stock position limit on one of its client's accounts.

Former UOB exec banned in HK for three years

Tue, 21 May 2013 08:50:00 GMT

The Securities and Futures Commission has banned Lam Ka Wo until May 2016 for "dishonest conduct".

Cathay United targets $1bn within 18 months

Fri, 03 May 2013 08:50:00 GMT

Chief executive John Huang is focusing on wealthy entrepreneurs as the Taiwanese firm bulks out its private bank division.

VIDEO: Appetite for income highest in Asia

Tue, 30 Apr 2013 08:50:00 GMT

A Legg Mason survey of affluent investors worldwide has found Asians most eager to use income investing to grow their wealth, and most curious to know how. See our video interview.

Standard Life embarks on Asia hiring spree

Wed, 24 Apr 2013 06:50:00 GMT

The UK insurance group is adding up to 40 sales and back-office staff for its retirement savings and investment business in Hong Kong, Singapore and Dubai.

HK retail investors flock to Asia funds above China

Mon, 22 Apr 2013 08:50:00 GMT

The first two months of the year saw net buying of Asia ex-Japan strategies ahead of China products amid a return of risk appetite. Asean funds topped the investment return charts.

Private banks must revamp to regain clients

Mon, 22 Apr 2013 08:50:00 GMT

Fund-of-hedge-fund executives say they are seeing growing discontent towards private banks by high-net-worth investors.

Cazenove plans Hong Kong wealth management debut

Fri, 19 Apr 2013 08:50:00 GMT

Cazenove Capital Management hopes to extend its investment and advisory franchise to Hong Kong.

Coutts hires North Asia head from GAM

Wed, 17 Apr 2013 08:50:00 GMT

The private bank has named David Lam to lead its teams in Hong Kong, Greater China and the Philippines. He succeeds Ignatius Chong, who will focus on his role as HK market head.

Boutique private banks struggling in Asia

Tue, 16 Apr 2013 08:50:00 GMT

Scale and stability are increasingly important for wealth managers in Asia – as is reflected by the recent exit of several relatively new players in the region.

Private bank fund sales jump: Franklin Templeton

Wed, 03 Apr 2013 09:50:00 GMT

Stephen Grundlingh, the firm’s head of Southeast Asia, highlights several trends among private banks in the region.

Tan Su Shan to head consumer banking at DBS

Tue, 26 Mar 2013 09:50:00 GMT

DBS head of wealth management Tan Su Shan has been promoted to head consumer banking as Tan Kong Khoon is leaving.

JP Morgan Private Bank rebalancing Asia staff

Fri, 22 Mar 2013 09:50:00 GMT

The firm has doubled regional headcount in the past three years, with the main focus on building its Singapore presence to a level similar to that in Hong Kong.

The end of Swiss banking as we know it?

Mon, 18 Mar 2013 09:50:00 GMT

Structural change at Pictet and Lombard Odier to corporate partnerships underlines a new reality for Swiss banks. And about time too, says Scorpio Partnership.

Goldman laments brain-drain in smart solutions

Fri, 15 Mar 2013 09:50:00 GMT

Stefan Bollinger, head of the firm's private investor product group and Asia corporate sales, believes there is too much focus on vanilla business at the expense of innovative ideas.

China WMPs raise liquidity, transparency worries

Fri, 15 Mar 2013 09:50:00 GMT

As the China Banking Regulatory Commission sets out requirements for wealth-management product providers, analysts highlight issues around WMPs.

HK SFC bans Morgan Stanley exec for 14 months

Wed, 13 Mar 2013 09:50:00 GMT

Calvin Ho cannot re-enter the industry until May 2014, following an investigation into his conduct while at the US bank related to clients' securities accounts.

HSBC Private Bank names Hong Kong head

Wed, 13 Mar 2013 09:50:00 GMT

The bank appoints commercial banking specialist Teddy Kwong in an internal move, filling a role that has been vacant since the departure of Desmond Liu last August.

Credit Suisse PB scoping for synergies, overlaps

Tue, 26 Feb 2013 09:50:00 GMT

The bank is working to find cost efficiencies as it finalises an integration plan for its merged private banking and AM business. Product selection and IT are two potential areas of focus.

BOC sets sights on private banking expansion

Mon, 25 Feb 2013 09:50:00 GMT

Bank of China aims to cover China's 32 provinces within three years and to build out in HK and Singapore, as it points to a trend for Chinese clients to use domestic, not foreign, firms.

Barclays rejigs wealth unit to harness South Asia growth

Thu, 21 Feb 2013 09:50:00 GMT

The bank has expanded the remit of its management team in Singapore to take account of its fast-growing South Asia business. It aims to centralise resources.

China insurer AMs apply to launch segregated funds 

Tue, 19 Feb 2013 09:50:00 GMT

They submit equity, bond and fund of fund requests in a move to compete with mainstream managers. Further, CSRC unveils new guidelines on launching mutual fund businesses.

Wealth managers look to exit non-core markets

Fri, 15 Feb 2013 09:50:00 GMT

Given regional fragmentation and toppy prices, wealth managers have grown cautious over Asia M&A. That will see valuations settle and lead to tailored consolidation, finds Scorpio Partnership.

Kofia to send out revolutionary RFP next week

Fri, 08 Feb 2013 09:50:00 GMT

The Korean trade association will seek help from global consultants to build a funds supermarket online. It aims to foster competition for foreign-owned firms and drive down distribution costs.

Ex-Wing Hang Bank employee banned for life

Tue, 05 Feb 2013 09:50:00 GMT

Ho Wing Kin had misappropriated around HK$1.3 million from customers’ accounts.