Finance: ScotiaMocatta’s New Base Metals Platform Now Open for Business

Canadian banks keep expanding their services in Hong Kong.

ScotiaMocatta, the precious and base metals division of Scotiabank, today announced that their base metals platform is now live in Hong Kong.  ScotiaMocatta’s base metals team is managing transactions in copper, aluminum, lead, nickel, tin and zinc.

“ScotiaMocatta has distinguished itself since 1671 by building long-standing relationships based on firm allegiance to the needs of every client,” said Barry Wainstein, Vice-Chairman and Deputy Head, Global Capital Markets, and Global Head, Foreign Exchange and Metals. “Our growing client base was asking us to play a more significant role in base metals, and our team of base metals experts is now poised to continue the tradition of delivering exceptional client services – the cornerstone of our business at ScotiaMocatta.”

The base metals team includes Tosh Sato in Hong Kong.  Get the full story here.

Finance: Manulife May Double Asia Wealth Assets Within 5 Years

“Manulife Financial Corp., Canada’s largest insurer, may almost double assets under management at its Asian wealth-management business over five years, bolstered by increased demand for equities and fixed-income funds.

The unit of has about $38 billion in assets under management, compared with about $12 billion five years ago, said Michael Dommermuth, president of Manulife Asset Management in Asia.

“Over the next five years, if I extrapolate that present growth rate, I wouldn’t be surprised to see our assets under management go to $75 billion,” Dommermuth said in a telephone interview yesterday from Hong Kong.”

Get the full story here!

CSR: ICS TRUST help out their community this holiday season

 

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In their annual Christmas food drive staff at ICS TRUST raised in excess of 2,000 kgs of rice, beating their 2009 record.  The rice was donated to The St James Settlement People’s Food Bank as part of their Christmas food drive. In celebration staff were given an additional days holiday to spend with their families over the festive season.

ICS TRUST staff also participated in their annual sweat equity day in January.  Staff helped Crossroads Global Distribution in Tuen Mun with much needed tasks such as sorting and packing toys, household goods, clothing and books as well as renovations, gardening, landscaping and maintenance.