Asia
AllianzGI gets approval for wholly foreign-owned funds unit in China
In 2019, Allianz got approval from the Chinese regulator to establish the first ever foreign wholly owned insurance holding company in mainland China
MAS bans ex-Prudential Assurance Company Singapore rep for eight years over ‘dishonest conduct’
He misappropriated a total sum of S$117,160.94 entrusted to him by his client
Broadstone acquires Vestigo Partners to tap into worldwide credit risk, analytics expertise
Vestigo has valued over 150 portfolios across the UK, Europe, Asia and Africa
UBS to acquire Credit Suisse’s Japan wealth management business in JV deal
The transaction is expected to be completed by the end of June 2024
HK Insurance Authority bans ex-insurance agent for three years over ‘betrayal of trust’
The former agent admitted his wrongdoings during the IA’s investigation