Japan's two leading alternative trading systems are in talks to expand their services to Korea, where the regulator is moving to open up the market to competition.
Ex-World Bank head joins Temasek board, Taiwan names new chairman at regulator, L&G IM hires Manulife exec, Nikko AM bolsters team, Kroll makes two HK hires.
Regulators in the three markets are putting faith in agreements for mutual recognition of funds – and their efforts may be coming to fruition. And Korean firms are taking note.
Compulsory default scheme MySuper and fee-for-advice could have a knock-on impact, while Australia's superannuation industry will increasingly reach out to the region.
The Financial Services Commission is confident of growth after moving to lower entry barriers and improving training and education to underpin an industry already expanding at a fast clip.
The company says it has no need to raise funds to meet investment bank capital requirements and will benefit from a massive infrastructure build-up in research and sales.
The island’s Financial Supervisory Commission has moved to allow insurance firms to invest in RMB-denominated assets in Hong Kong this month as they await QFII licences.
The Financial Supervisory Commission has approved rules that make it easier for fund-management companies to close unprofitable funds, but distributors must be appeased.