Hong Kong
Lee bows out at UBS in Hong Kong
Christopher Lee, head of risk management product (RMP) intermediaries at UBS in Hong Kong, has left the Swiss bank.
Constructing a reputation
China Construction Bank (Asia) is enhancing its retail offerings in Hong Kong ahead of a planned expansion into mainland China. But the distributor is delaying sales of accumulators to high-net-worth and private banking clients for fear of reputational…
Protect to survive
The Lehman minibond scandal put Hong Kong firmly in the spotlight, with television images of protesting investors beamed across the world. In response, the Securities and Futures Commission (SFC) is making changes to investor protection rules. Martin…
A shift in focus
Hong Kong’s Securities and Futures Commission chief, Martin Wheatley, has devoted a lot of his staff’s time to revising Hong Kong’s investment products sales practices following large losses by retail investors. But that has not diverted attention from…
Retrospective: Avoiding the barriers
This JP Morgan product from November 2008 linked to a basket of four Asian indexes and promised a 2.05% quarterly income payment. In the event of a kickout, however, capital was placed at risk and the amount returned to investors would depend on the…
Insurance inroads
Structured product manufacturers have targeted the insurance sector as a potentially important new distribution channel following the collapse in volumes of products sold through retail banks in Asia. Ben Marquand finds out if they are gaining traction
Regulators and accumulators
Asian economies have suffered less from the global financial downturn than they did during the regional crisis of 1997. Risk levels are now lower, while the money that has been accumulated after more than 10 years of extraordinary wealth creation is back
