Hong Kong-based Axa China Region Insurance plans to register a series of unit trusts with the Securities and Futures Commission in order to break into the Hong Kong retail funds market, says Mark Wilson, CEO. The move is designed to bolster the firm’s bid as a leader of wealth management services in the territory, building upon last year’s launch of a multi-manager platform for its MPF business.
It is accompanied by the hiring of Francine Fu, who joined in December from Royal Skandia. Fu now serves as regional CEO responsible for wealth management and marketing.
“It represents the merger of a couple of open positions,” Wilson...
