Hong Kong

 

 

 

 

 

BNY Mellon gives institutional investors an entirely new perspective from which they can more effectively view their accounts, calibrate cash allocations, and manage their risks. Through its new Transparency Report, BNY Mellon details an institutional investor’s exposure to specific securities across all of the money market funds and accounts in which they have invested through Liquidity DIRECT.

HSBC will provide investors with opportunities to capitalise on the growth potential of the Greater China markets through a unique risk controlled mechanism.

Bank Sarasin named Michael Coglin as a Managing Director and Chief Investment Officer Asia, based in Hong Kong. Coglin reports directly to Enid Yip, Chief Executive Officer Asia, on a regional basis, and to Burkhard P. Varnholt, Head of the Asset Management, Products and Sales Division, Chief Investment Officer and a member of the Executive Committee, on a functional basis. Michael Coglin has more than 20 years’ experience in senior private banking, asset management and capital market roles. He joins Sarasin from Deutsche Bank Private Wealth Management, where he had worked since 2001. While with Deutsche Bank Private Wealth Management, Coglin has focused on investment solutions, heading International Global Investment Solutions and Product Management and Investment Solutions. He has a strong track record in identifying compelling investment opportunities.

Bank Sarasin formed a Wealth Management Solutions team in Asia led by Anne Luke as a Managing Director. Based in Singapore, the Wealth Management Solutions will be responsible for originating, structuring and executing sophisticated tailor-made solutions for clients. Anne Luke has more than 20 years’ experience in private and investment banking, as well as private legal practice. She joins Sarasin from Credit Suisse’s Wealth Management Division in Singapore, where she had worked since April this year. Prior to joining Credit Suisse, Luke had worked at UBS for more than 10 years. She had most recently been responsible for identifying and meeting specific client needs for UBS Wealth Management. From 1997 to 2007 Luke served the Wealth Management, Investment Banking and Asset Management divisions in Legal and Compliance. She joined UBS from Chor Pee & Company, where she was a Partner. From 1992 to 1995 she was Head of Legal and Compliance, Union Bank of Switzerland, Singapore branch, which she joined from David Lim and Partners where she was also a Partner.

RBC has acquired Fortis Wealth Management Hong Kong from Belgian Fortis Bank.

Hong Kong now has an online retail bond trading platform enabling investors to execute real-time trades bonds and certificates of deposit.

International companies seeking a listing are after improved valuation in the currently buoyant Hong Kong market.

The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.

The lender announced replacements of heads of North Asia, South East Asia, and EMEA regions.

Sale to boost Goldman’s returns from 37% of its initial investment to about $4bln.

Foreign currency assets grew $24.2bln behind gains on foreign currency investments.