Aberdeen Standard Investments (ASI), the merged entity of Aberdeen Asset Management and Standard Life Investments, has appointed an APAC distribution head to lead the firm’s regional efforts. Andrew Hendry is now ASI’s head of distribution, APAC and will “work closely with the leadership and business development teams in Asia Pacific to develop and implement the distribution strategy across the institutional, […]

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An imminent trailer fee ban, rising compliance costs and a greater desire to build stable income point to a future where a fee-based business is of paramount importance to private banks in Asia. But while most players are looking to shore up recurring revenues by providing ‘traditional’ discretionary services, Credit Suisse’s APAC head of portfolio solutions, Tan Wei Mei, believes that […]

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Although it is widely accepted that regulators in Asia will ban trailer fees in the future, Campbell Fleming, Aberdeen Asset Management’s head of global distribution, says a blanket ban may not be the best approach, adding that fully transparent fee structures would be preferable. “As a matter of principle, I endorse a trailer fee ban but I’m not sure that a […]

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