Asia
HSBC to unveil three wealth centres in Singapore by end of Q1 2025
It plans to increase the number of staff in client-facing roles by more than a third by 2028
Prudential Singapore launches indexed universal life insurance plan
There is a minimum sum assured of US$500,000
MAS expands ‘fair dealing’ guidelines to all financial institutions in Singapore
New guidelines aim to raise standards of fair dealing and improve the experience of customers
Hong Kong’s BMP Wealth gets ‘significant’ investment for acquisitions from UK asset manager
The investment will be used to acquire adviser firms whose owners are looking to retire or leave the industry in next few years
Canaccord Genuity WM names David Muncaster for newly-created international distribution role
He will cover UK distribution, Guernsey, Jersey, and the Isle of Man and oversee the international sales in Europe, Middle East, and Asia.