IFSA leads delegation to Hong Kong
Richard Gilbert
The Investment and Financial Services Association (IFSA) is leading a financial services delegation to Hong Kong in September.
Government, Treasury and Austrade officials will be part of the delegation. The group hopes to establish closer relations with the Hong Kong financial services industry and extend their industry and regulatory relationships.
IFSA chief executive Richard Gilbert said: “This delegation follows on from the important mutual recognition agreement reached between the Australian Securities and Investments Commission and the Hong Kong Securities and Futures Commission.
“It is now up to the industry to make the most of the opportunities that have been created through the agreement. IFSA members look forward to working collaboratively and successfully with the Hong Kong industry and regulators as we seek to jointly maximise the benefits of the agreement.”
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.