Morgan Stanley has made a senior appointment in mainland China and received permission to trade agricultural products onshore in the country as part of the US investment bank’s efforts to grow its commodity business in the world’s second largest economy.
UBS has joined rival Credit Suisse by setting up a family services business in Asia to cater to the fast-growing wealth of ultra high-net worth families in the region.
Phillip Straley has left consultancy Ernst & Young to join rival Accenture where he will lead the risk management services division for Asia Pacific.
Deutsche Bank Private Wealth Management (PWM) has added Tony Tang as head of north Asia client solutions and Eleonore Dachicourt as head of hedge fund sales in Asia as it continues to expand in the region.
Companies in Australia are good at looking at the operational aspects of risk, but place little thought on scenario analysis and strategic risk control, according to the Chartered Secretaries Australia (CSA)
Citi prime finance Asia Pacific is building up a derivatives clearing team in response to moves by regulators to improve supervision of OTC clearing services
BNY Mellon asset management's Asia Pacific head has quit to run ETF business, Mellon Capital, in San Francisco. But the US bank says Asia remains a strategic priority for the group as business in the region is growing at four times the rate of the US
China’s first steps
Axa IM said its assets under management reached approximately $713 billion as of the end of September 2010.
The SFC's first chief executive, Martin Wheatley, will leave the commission in the middle of next year.
Credit Suisse Private Banking has recruited Bernard Fung from Innotech Advisers to manage the bank's first family office hub in Singapore.
HSBC has transferred Robert Lang from Europe to head its Hong Kong insurance operation
The first offshore renminbi OTC swap option was carried out this week between BNP Paribas and HSBC in Hong Kong, brokered by Icap.
The ¥40 billion Korean Air Lines securitisation is the largest asset-backed security deal in Asia so far this year.
Daiwa Capital Markets finalised its purchase of the Asian equity derivatives and global convertible business of KBC today, and reaffirmed its Asian expansion drive with a bid to secure licences in South Korea
Net assets invested in Asian hedge funds rose by more than $300 million during the third quarter, according to research by Chicago-based Hedge Fund Research
On the move
Containing shipping costs
The Canadian bank wants to hire up to 300 wealth management staff in Asia during the next four years.
The US bank's treasury and securities services chief for Asia, Thomas DuCharme, has named his team heads for Japan and South-east Asia
Credit Suisse has expanded it AES Velocity ultra-low latency trading in Australia after launches in Hong Kong, Japan and Singapore this year
Asia overtook North America as the biggest exchange-traded derivatives market for the first time during the first half of the year. And the exchange derivatives market may continue growing after the Dodd-Frank Act and other regulatory reforms, market...
Five largest US-based dealers hold 37% of total notional, trade association says
Deutsche Bank's goal is to add more than 80 relationship managers across the region during the next two years, according to Ravi Raju, head of Deutsche Bank private wealth management Asia Pacific