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POSSIBLE SALE OF RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS IN KOREA

POSSIBLE SALE OF RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS IN KOREA

The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), a wholly-owned subsidiary of HSBC Holdings plc, confirms that it is in discussions concerning a possible sale of its Retail Banking and Wealth Management business in Korea to The Korea Development Bank, a member of the KDB Financial Group. These discussions are ongoing and may or may not lead to a transaction. HSBC will make a further announcement if or when appropriate. HSBC remains committed to the Korean market and … Read more »

In : Alternative Investments, Hedge Funds

Mourant Ozannes moves into Asia

Mourant Ozannes moves into Asia

Leading offshore law firm, Mourant Ozannes, has opened an office in Hong Kong to provide clients and intermediaries with access to the firm’s offshore legal services in an Asian time zone. The office opening has been timed to coincide with celebrations for Chinese New Year, giving Mourant Ozannes’ Asian office an auspicious start date in 2012 – the Year of the Dragon. The office has opened with three partners and will focus initially on investment funds, corporate … Read more »

In : Alternative Investments, Asset Management, Job & Careers

Eurex presents new access point in Hong Kong

Eurex presents new access point in Hong Kong

  Eurex is to present its new access point in Hong Kong in June offering Eurex member firms direct, high-speed and cost-effective network access to Eurex’s highly liquid trading platform. This will be the second Eurex access point in Asia. Currently, Eurex has five members based in Hong Kong – the newest member is Nanhua Futures (Hong Kong) Co Ltd, which joined as a trading participant in April 2011. Michael Peters, member of the Eurex Executive … Read more »

In : Alternative Investments, Job & Careers

New recruit develops Equity Trust’s funds arm

New recruit develops Equity Trust’s funds arm

Johnson Har has joined Equity Trust’s office in Hong Kong, where he will be Regional Sales & Marketing Executive for Custom House, the fund services arm of the Equity Trust Group. Johnson’s responsibilities will focus on promoting Custom House’s services in Hong Kong and China, as well as Client Relationship Management with select clients in the region. Having been employed in the financial service sector since 2002, Johnson has held roles specialising in funds for … Read more »

In : Alternative Investments, Job & Careers

RP Capital to present an open-ended China physical property fund

RP Capital to present an open-ended China physical property fund

RP Capital, an independent property fund manager based in Hong Kong is to present an open-ended China physical property fund, despite the prevailing announcements of austerity measures by the Chinese government to curb property speculations. According to RP Capital, as China is a big country, the property market of each city is different and is in a different property cycle. In addition, the residential property market and commercial property market of each city are also different, … Read more »

In : Alternative Investments, Job & Careers