Asia
Axa sells Singapore insurance operation to HSBC for $575m
Deal is a ‘key step’ for banking giant to grow its wealth business across Asia
PEOPLE MOVES: JP Morgan AM, AJ Bell, MFSA
Asset manager names Australia and New Zealand CEO, as investment platform appoints managing director
Perpetual buys Sydney and Melbourne-based wealth firm
Deal adds A$915m of funds under advice to the group
Praemium names chief executive
He replaces Michael Ohanessian who left the company in May 2021
Affluent clients prefer alternative providers
Only 27% in APAC prefer to use traditional banks and building societies to manage investments