Manulife China JV CEO joins HSBC; AustralianSuper adds to equity team: Morgan Stanley IM appoints Asia head; Sung Hung Kai & Co adds PE head from Mirae Asset; Matthews Asia hires new regional head; and more.
Sun Hung Kai Financial unit plans expansion of managers on alternatives incubation platform following recent acquisition of a stake in Justin Klintberg’s Kima Capital.
Sun Hung Kai Investment Services must pay HK$1.5 million after internal control failures. Separately, a retail investor is imprisoned for falsely trading shares of Kaisa Group.
Esther Lee Ying Chih, from Sun Hung Kai Financial, and Leung Kam Yu, formerly of Sun Hung Kai Investment Services, are not allowed to re-enter the industry for three years.