They do not expect Dodd-Frank rules requiring disclosure of past offences to impact the industry, but are urged to familiarise themselves with US law before a September deadline.
Tag : ubs
Lombard Odier unveils new hires, Rothschild taps UBS pro, Asia Frontier bolsters HK office, Nikko AM names marketing head, Simmons & Simmons poaches from Sidley Austin.
Relative value managers raced to short their Treasury positions after the US Fed hinted at tapering in May, borrowing from the repo market. But demand saw hedging costs spiral.
UBS Global Asset Management has appointed exchange-traded funds veteran Sammy Yip in a newly created role as it seeks to build out its ETF business.
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.
Citi and UBS have created a post-trade processing solution which offers middle-office, clearing and settlement services, and removes the need for brokers to have a post-trade infrastructure.
The firm has been given a HK$1.6 million penalty for breaching a stock position limit on one of its client's accounts.
Asian investors are increasingly using single-dealer e-trading platforms that they say offer anonymity and spread improvement, rather like dark pools for equities.
Multi-family offices question the independence of private banks, but say they are losing the battle for mindshare because they don't have the same sort of marketing budget.
The rivals are teaming up to provide middle- and back-office services to brokers in Asia-Pacific. They say costs have reached a tipping point and see this as a game-changer.
Although Credit Suisse was voted by buy-side traders to be best for electronic trading, the field is far more competitive now.
Meanwhile, Credit Suisse retains its reputation as the most-trusted broker of Asian equities, according to AsianInvestor's survey of buy-side equity traders.
