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The firm plans to develop locally managed investment capabilities alongside its global expertise, either via acquisition or organically; and eyes possible Taiwan onshore business.
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HSBC announces the retirement of senior figure Nick Bryan who has headed custody and corporate trust services for 10 years, based in Hong Kong.
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Watson Wyatt notes that institutional investors have been paying alpha fees for market-driven performance in recent years.
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The first phase of allowing leverage and shorts should be in place by the end of 2009, says the regulator.
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Citi launches an onshore agency and trust franchise for Middle East clients as part of a strategy to take advantage of rising capital flows into the region.
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The French bank's latest structured note gives investors four chances to book a 20% annual return.
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Citi's head of M&A in India, Devinjit Singh, quits after nearly 20 years with the bank to join Carlyle's buyout practice.
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And announces that Rex Chou, a former senior vice-president of investment consulting at Schroders, has been appointed as CEO of the joint venture.
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