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Tag: equities

  • UBS Asset Management Bolsters China Equities Team with Former Invesco Pro, Raymond Ma

    UBS Asset Management Bolsters China Equities Team with Former Invesco Pro, Raymond Ma

    UBS Asset Management has recently augmented its China equities team with the addition of Raymond Ma, a veteran portfolio manager formerly linked to Invesco. Ma will be serving as deputy to Bin Shi, the head of China equities, and will be stationed in Hong Kong.

    Ma most recently held the position of Chief Investment Officer for mainland China and Hong Kong at Invesco. He was responsible for the management of several of the company’s China and Greater China funds during his tenure. Even before his stint at Invesco, Ma had a significant 15-year run at Fidelity in Hong Kong, where he made a substantial impact as a principal China portfolio manager.

    A Long-standing Professional Bond

    Bin Shi and Raymond Ma have shared more than just their professional pursuits. They have known each other for over two decades, serving as important figures in the industry. Additionally, they share a fundamental approach towards investing, which will likely foster a strong partnership in their roles at UBS.

    Questions & Answers

    Who has recently joined UBS Asset Management’s China equities team?
    Raymond Ma, a former portfolio manager from Invesco has recently joined UBS Asset Management’s China equities team.

    Who will Raymond Ma serve as deputy to at UBS?
    Raymond Ma will serve as deputy to Bin Shi, the head of China equities at UBS.

    What was Raymond Ma’s role at Invesco?
    At Invesco, Raymond Ma held the position of Chief Investment Officer for Mainland China and Hong Kong and managed several of the firm’s China and Greater China funds.

  • Singapore and Nasdaq Unite to Establish Groundbreaking Dual Listing Link: A New Era for Asian Equities

    Singapore and Nasdaq Unite to Establish Groundbreaking Dual Listing Link: A New Era for Asian Equities

    Singapore is extending and enriching its equities market through a new collaboration with Nasdaq for dual listings. The Monetary Authority of Singapore (MAS) has developed a dual listing conduit that links the Singapore Exchange (SGX) and Nasdaq in the United States, thereby creating a novel board, as per the latest announcement.

    The New Board

    The new board is anticipated to commence operations around mid-2026 and will have a focus on “top-tier Asian growth firms” that have a market capitalisation of S$2 billion ($1.5 billion) or higher. The primary objective is to facilitate firms that have “an Asian connection and worldwide objectives” to raise funds from investors in both markets.

    The two exchanges have suggested a number of measures, all of which are subject to regulatory procedures. These include the use of a single set of offering documents to minimize regulatory hurdles and costs. According to MAS, the new system will “offer a direct and harmonized route for businesses to simultaneously access capital and liquidity across North America and Asia.”

    Equities Market Review

    As part of a broader initiative being undertaken by the Equities Market Review Group, the new bridge has been established. The group has recently concluded its examination of the stock market and released a final report.

    Additional initiatives announced include the introduction of a S$30 million package designed to assist listed companies in unlocking shareholder value and deepening engagement. There will be appointments for a second batch of asset managers as part of the S$5 billion Equity Market Development Program (EQDP). The program will also see several enhancements, such as strengthening market making, modernizing post-trade custody, and reducing board lot size.

    The second batch of asset managers will be allocated S$2.85 billion. The group includes Amova Asset Management (previously known as Nikko Asset Management), AR Capital, BlackRock, Eastspring Investments (Singapore), Lion Global Investors, and Manulife Investment Management (Singapore).

    Questions & Answers

    What is the objective of the new board?
    The new board aims to facilitate “top-tier Asian growth firms” with a market capitalization of S$2 billion ($1.5 billion) or more to raise funds from investors in both the Singapore and US markets.

    What measures have been proposed by the two exchanges for the new board?
    The two exchanges have suggested a number of measures including the use of a single set of offering documents to help reduce regulatory hurdles and associated costs.

    What are some of the initiatives announced by the Equities Market Review Group?
    The Group has announced several initiatives including a S$30 million package to assist listed companies, appointment of a second batch of asset managers under the Equity Market Development Program (EQDP), and various enhancements to strengthen market making, modernize post-trade custody, and reduce board lot size.