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Allianz Global Investors has launched a Singapore dollar based income fund. The Allianz SGD Income fund aims to provide long-term income and/or capital appreciation in Singapore Dollar terms by investing primarily in debt securities, and will be available to both retail and institutional investors. The launch period of the Fund will be from 7 – […]
The Life Insurance Association Singapore has announced a ‘significant uptake’ with sales across both single and annual premium products up in the first six months of the year, with premiums collected on new policies up 10% to S$1.68bn (US$1.2bn), compared to 2016 figures. The LIA Singapore said in a statement announcing the figures that it has seen continued strong […]
The Monetary Authority of Singapore is set to introduce a raft of new measures to quell the rise of misconduct cases in the the financial advisory market. Speaking at last week’s Association of Financial Advisers annual conference, Merlyn Ee, executive director at MAS, said that the regulator will be introducing a series of enforcement actions, […]
St. James’s Place Wealth Management Asia (SJP Asia), the international business of St. James’s Place Wealth Management has opened its new Singapore office. Situated in the Raffles Place district, where some of Singapore’s largest buildings are situated, the company said that the move to larger headquarters marks SJP Asia’s “enduring commitment to Singapore”, as it bids to […]
Britons Austen Hempstead and Greg Morris began their expat-focused advisory business in Dubai, but hit their stride after expanding into Asia. Journalist Tom Pattinson – an Austen Morris client when he lived in China between 2005 and 2016 – finds the company has become the best-known expat advisory firm to needy expats in many key […]
Bank of China, DBS Bank, ICICI Bank, UniCredit and Swiss Re Corporate Solutions are among a group of local and international banks that have signed up to be “pioneer members” of CCRManager, a new financial platform in Singapore. The CCRManager platform has been designed to help such institutions in “the distribution of trade finance, supply […]
Singapore-based DBS Group is planning to “invite bids from insurers keen to sell general insurance products across the key markets of Southeast Asia” that it operates in, according to a published report. The Reuters news agency cites sources “familiar with the matter” as saying the deal is potentially worth up to US$350m. The move is […]
Hawksford, the Jersey-based trust, private client and corporate and fund services provider, has been granted a trust licence by Monetary Authority of Singapore, and will now be able to offer its clients trusts in that jurisdiction. In a statement today, Hawksford – which already employs more than 70 people across Asia – said the new licence […]
Rob Hodgson, a British wealth management executive whose most recent role was as a senior private banker with Westpac in Sydney, will join the GWM Group’s London office on Monday. The position is a new one, and comes as the firm expands its London office. As reported here last year, the Dubai-based GWM Group, also […]
Southeast Asia’s largest bank as measured by assets, Singapore’s DBS, has confirmed a report that it is planning to quadruple the size of its London wealth management office, opened just last year with a staff of three, as it aims to accommodate high net worth Asian investors in the UK, post-Brexit. A bank spokesperson confirmed […]
Bryan Low, a long-time analyst of the cross-border life insurance industry, has issued a stark warning about the potential for a precipitous decline in unit-linked life insurance product sales in two key Asian markets to spread, as the conditions that are seen to have caused that collapse are recreated elsewhere. Low, a co-founder and director […]
David Gregory has joined the 1291 Group Europe Ltd’s as a London-based partner, a new role, as the Zurich-based broker of private placement life insurance products for high-net-worth individuals expands into the UK market. Until the end of last year, Gregory, pictured above, had been executive director of UK and international business for Generali’s PanEurope […]
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Peter Brigham, of Monaco's Rosemont International, explains why a multi-faceted global strategy is needed today for HNW clients
