Industry

Manulife Asset Management expands into Korea

Manulife Asset Management has obtained a cross border investment advisory license in Korea. Michael Dommermuth, president of Manulife Asset Management Asia, says: “Korea is the second largest institutional asset management market in Asia, growing at 14% and forecast to reach KRW320 trillion by 2015. We’re are seeing considerable interest from institutional investors to step up […]

By Staff |August 16, 2012

1 min read

Canadians lose jobs in July

After several months of modest gains, there were 30,000 fewer jobs in July, reports Statistics Canada. However, the news isn’t all bad. Despite the national job loss, there was still some growth—particularly within fulltime employment. “Yes, the unemployment rate is up a tenth of a point to 7.3% in July, but fulltime employment has actually […]

By Staff |August 16, 2012

1 min read

MF Global trustee suing former execs

Trustee James Giddens—who’s overseeing the liquidation of the brokerage MF Global—has decided to sue some of its high-level execs, reports Financial Times. He plans to join existing class-action lawsuits, which were launched against several senior MF Global employees; John Corzine, Henri Steenkamp, and Laurie Ferber are all named in various suits. Read: Giddens seeks distribution […]

By Wire services |August 16, 2012

1 min read

M&As heat up: Are your clients ready?

Whether it’s the TMX takeover, ING selling its Canadian banking arm, or advisor teams moving over to Macquarie, M&As seem to be on the rise in the financial industry. In fact, of late they’re a weekly occurrence.

By Suzanne Sharma |August 16, 2012

1 min read