Tag : trust

Mainland trust companies and insurance asset managers will find it easier to grow their funds businesses following a relaxation of the rules on opening securities accounts in China.

Trust companies may be booming in China, but the banking regulator is starting to scrutinise the shadow-banking role they play.

Schroders Singapore chooses HSBC Securities Services as its sole trustee, custodian and fund administrator, having previously split those services between HSBC and OCBC Trustee.

Sumitomo Trust & Banking stakes growth in a mature pensions market on structuring fund products around its prop-desk activity.

Big banks managing bond funds are the rule. New entrants, new products and a new pension system have the potential to galvanise this sleepy industry.

The trust bank now ranks as the third-largest manager of Japanese pension money, behind Sumitomo and Barclays Global Investors.

Michael Ferrer, who left ING Investment Management in Hong Kong at the start of the year, will lead a new asset management venture in the Philippines.

Michael Wu moves over from State Street to help strengthen Northern Trust's presence in China, as global custodians capitalise on rising opportunities from overseas investments.

The global trust and corporate management services provider acquires Apes in Singapore to capitalise on government tax incentives for private equity firms.

The firm mandates SimCorp to support its front offices in Hong Kong and Dundee.

The bank's GTS unit boosts regional agency and trust team by hiring from former JPMorgan pool.

The investment management arm is talking to potential partners.