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.
China's FX regulator awarded $2.75 billion in quota to nine foreign firms last month, with further liberalisation expected to be announced by the CSRC as early as this month.
OTC derivatives trades that are not centrally cleared are likely to cost more than cleared transactions, due to pricing by bank counterparties, argues BNY Mellon.
The Singapore sovereign wealth fund posts a 16% drop in net profits, with a large exposure to the financial services sector likely a contributing factor.
They are urged to court sovereign wealth funds in frontier markets as established players increase in-house expertise. All the same, SWF volumes have tripled in five years.
The Singapore sovereign wealth fund has hired a new senior manager in a move industry observers see as another step in the succession plan for CEO Ho Ching.