Hong Kong
HSBC segregates banking from investment services
HSBC segregates banking from investment services
HSBC is implementing new measures at its branches to segregate its general banking service areas from investment service areas. This is in line with new investor protection recommendations from the Hong Kong Monetary Authority. The new measures encompass clear zoning at HSBC branches between general banking and investment service areas.
Freckenberg, Magnouat head SG’s leveraged finance in Asia
Marc Frenkenberg and Bruno Magnouat will be co-Heads of the Acquisition & Leveraged Finance for Asia Pacific effective 1 August 2009.
HKMA pegs Lehman punitive cases at 432
The Hong Kong Monetary Authority announced that there are currently 432 Lehman-Brothers-related cases under disciplinary consideration. These are cases which have gone through detailed investigation by the HKMA.
PNC Global whets Asian appetite for investments
PNC Global Investment Servicing has launched its fund distribution support services in Asia.
Wylie is new CEO of ING Hong Kong and Macau
ING has appointed Mr. John Wylie as Chief Executive Officer, Insurance & Pensions, Hong Kong and Macau, effective 1 June 2009. In his new capacity, Wylie will oversee the life, pension, general insurance and financial planning businesses in Hong Kong and Macau.
Global Bond Fund launched for retail investors
The Bank of East Asia (BEA) has launched the BEA Global Bond Fund, which aims to provide retail investors with potential investment return over the medium to long term through investment in a diversified range of global bonds denominated in major currencies.
BEA Union Investment appoints Schoeppl as CIO
Elke Schoeppl, BEA Union Investment's Head of Equity, will become the Chief Investment Officer effective 1 July 2009. Ms. Schoeppl will replace Mr. John Lai Sung-ziang, who will leave the firm on 30 June 2009 after more than four years of service in the Bank of East Asia Group’s investment management business.
Schroder ISF Global High Yield turns 5 years old
With a cumulative total return of 14.8 percent since its launch five years ago, Schroder ISF Global High Yield is celebrating its anniversary while ranking well within the top quartile of its peer universe.
HSBC launches CBBC on popular HK stocks
HSBC is boosting product diversity with the launch of a new range of single stock callable bull/bear contracts (CBBC) for the listed product market.
EIP launches Asian high yield bond
Enhanced Investment Products launched its Asian High Yield Convertible Bonds launched with an initial investment of US$17 million.
Global fiscal restructuring to impact Asians
Asian investors were alerted on the potential impact of restructuring efforts by financial institutions worldwide.
Hong Kong hedge funds hit hardest in Asia-Pacific
Almost one out of five hedge funds in the Asia-pacific region closed from January 2008 up to the first quarter of 2009.
UBS appoints Brown, Tang in research posts
UBS Investment Bank appointed Andy Brown as a Managing Director and Head of Financial Institutions Research.
Investor sentiment in Asia rises by 16% for Q1 2009
There has been a 16 percent increase in investor sentiment in Asia for the first quarter of 2009, according to the quarterly ING Investor Dashboard Survey.
Shaun Parkes joins J.P. Morgan in Asia
Shaun Parkes has been appointed by J.P. Morgan as head of Worldwide Securities Services, Asia excluding Japan.
Alter Domus expands services in and from Asia
Alter Domus’ new Hong Kong office will enable it to provide corporate management services in Asia. At the same time it will also provide fund administration services to its global clients from its Hong Kong office via Skye Fund Services.
