Deutsche Bank Wealth Management has hired a team of four in Hong Kong to cover clients in Greater China, according to a statement from the firm.
Hermes hires, Capital Group too; Italian retirement; Long-term short-term, Hong Kong property bubbles; Hang Seng bestsellers; CS humming; AM premiums and much more.
Vanguard is the latest firm to launch a wholly foreign-owned enterprise (WFOE), enabling it to carry out various onshore investment services, according to a statement from the firm.
Fujian-based Industrial Securities has set up a private banking arm serving China's high net worth individuals with RMB 6m ($873,000) or more of investable assets.
The Taiwan Stock Exchange has approved Taishin Securities Investment Trust's application to launch three ETFs that track MSCI indices, according to a statement from Taiwan’s bourse.
BNP Paribas Investment Partners is targeting China, Germany and the US as the three key markets where it can accelerate sales growth significantly, the firm revealed in a 2020 strategic plan statement.
Frontier markets tend to have a low correlation with other markets and are relatively insulated from disruptive global events, said Charlemagne Capital’s Magna New Frontiers Fund co-portfolio manager Dominic Bokor-Ingram.
Indonesia's tax amnesty has prompted Singapore’s OCBC Bank to launch an onshore private banking business.
Malaysian regulators have noted the benefits of ETFs and given recommendations aimed at incentivising new issuance, according to a statement from the regulator.