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Top Headlines in the Last 7 Days 

(17th – 23rd Apr 2017)

No. 1 Hong Kong & Singapore to Set New Disclosure Rules for Wealth Managers

Hong Kong Monetary Authority & Monetary Authority of Singapore are set to launch new disclosure rules for wealth managers on what they are paid by funds to sell their products.

The moves could disrupt the current fee sharing model between the funds industry and wealth managers as clients may start to scrutinise the products they bought. Learn More …


No. 2 Former Barclays Asia Pacific CEO Retires

Andy Jones, former Barclays chief executive in Asia Pacific is retiring.

He was APAC Chief Operating Officer and then Singapore-based CEO from 2014 till January, when the bank appointed Jaideep Khanna and Reid Marsh as co-heads for the region. Learn More …



No. 3 PIMCO Names New Head of Asia ex-Japan

PIMCO has named Michael Thompson, Executive Vice President as Head of Asia ex-Japan.

He currently heads the Singapore’s office and Asia ex-Japan Wealth Management team will immediately take on the new responsibilities and move to Hong Kong in the upcoming months. Learn More …


No. 4 China Construction Bank Expands Services in Singapore

China Construction Bank has announced the opening of a infrastructure financing services centre and a private banking centre in Singapore.

These are head office level centres along the existing Singapore branch. Learn More …


No. 5 Neuberger Berman Announces Opening of Investment Management Wholly Foreign Owned Enterprise in Shanghai

The launch of the Wholly Foreign Owned Enterprise (WFOE) allows the firm to operate an onshore investment management business in China, subject to registration with Asset Management Association of China.

After the registration is complete, the firm is then able to manage and distribute private funds. Learn More …


No. 6 Citi Indonesia Partners with Ashore Asset Management 

Citi Indonesia has signed a memorandum of understanding (MOU) with Ashore Asset Management Indonesia to expand its diversification of asset management for customers.

Citi Indonesia will start to market one of Ashmore fund products, the Dana Progresif Nusantara. Learn More …


No. 7 Vontobel Asset Management Appoints New Head of Multi Asset Solutions

Vontobel Asset Management has appointed Gregor Hirt as Head of Multi Asset Solutions.  He will join on 1st July 2017 and become a voting member of the Investment Committee.

Gregor joins Vontobel Asset Management from UBS Global Asset Management. Learn More …


No. 8 Falcon Group Appoints New Chief Risk Officer

Falcon Group has appointed Bruno Meyer as the new Chief Risk Officer and Member of executive Board with effect from 1st July 2017.

Bruno has held several management positions at Credit Suisse, mainly in the risk management and finance areas. Learn More …


No. 9 UBS Asset Management Oversees $17 Billion in Passive Investments for AMP Capital

UBS Asset Management will oversee $17 billion in passive investments for AMP Capital in one of the largest ever mandates handed out in Australia.

This will increase UBS Australia assets under management to about $43 billion. Learn More …


No. 10 Malaysia and Abu Dhabi Reach Deal on 1MDB Debt

Malaysia and Abu Dhabi have reached an agreement for a partial debt settlement for 1Malaysia Development Bhd. (1MDB).

In this deal, Malaysia would pay Abu Dhabi $1.2 billion before end of this year and negotiate on a further $3.5 billion. Learn More …


Credits: Australian Financial Review, Reuters, PIMCO Press Release, Hubbis, Vontobel Press Release, Falcon Group Press Release, The Wealth Insider


April 2017 Headlines

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