Tag : hsbc

Khazanah hires CIMB deputy CEO, Axa IM expands in Asia, HSBC on hiring spree, Nikko AM bulks out Tokyo office, Old Mutual GI names distribution head, Matthews grows HK headcount.

Indonesia's government bodies waited too long before cutting subsidies. But according to an HSBC report, they are on the right track.

The retreat from emerging market equities continues, although outflows from India appear to be slowing, notes HSBC. Korea was the only major Asian country to see inflows in August.

The firm has introduced a new fee scheme for Hong Kong retail investors that it may export around Asia, with plans to increase provision of funds from external houses.

The bank's senior economist, Frederic Neumann, highlights three reasons why investors should be worried as Asian growth appears predicated on pumping economies full of credit.

HSBC Global Asset Management has become the first foreign fund house to receive this approval. It plans to invest the forthcoming quota mainly in fixed-income securities.

Deutsche names Asia agency sec-lending head, Citi appoints Asia commercial bank head, Axa IM adds in distribution, Alvarez & Marsal adds two directors in Beijing.

HSBC becomes the latest global custodian to offer broker outsourcing services to top-tier broker-dealers. But some analysts say smaller brokers would gain more from these services.

In one of the worst sell-offs since the European sovereign crisis in 2011, PMs and private banks took cue from the Fed's QE exit hints to cut their bond portfolios significantly.

CIC appoints new board chairman; HSBC promotes director, PM; Pioneer hires UBS sales head; Eastspring names new retail head; JP Morgan snags Credit Suisse exec for prime services.