The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.

M&G Investments, Taiwan
Taiwan authorities have granted a licence to M&G Investments, the global asset management arm of London-listed M&G, enabling it to build business in the Asian jurisdiction. 

M&G Investments has secured a Securities Investment Consulting Enterprise business licence and established a new office in Taipei.

As part of the change, Berny Lin has been appointed chairman of the board of directors for M&G Taiwan and Steven Wang has been named as general manager.

M&G, which has been present in Asia-Pacific since 2006, said that establishing its presence in Taiwan is a “natural step” for its strategic expansion.

Appointees
Lin, the chairman, is the Asia ex-Japan head of distribution for M&G. He has more than two decades of experience in the asset management industry and is responsible for deepening and growing M&G’s wholesale and institutional presence in the region.

Wang, general manager (pictured), is based in Taipei. 

In 2020, M&G sub-delegated its portfolio management services for the first time outside the UK to M&G Singapore, and set up its first offshore central dealing hub in Singapore. Between 2021 and 2022, M&G created Catalyst, a new global investment team with a presence in London, Singapore, New York and Mumbai, targeting enterprises that tackle social and environmental challenges, and established M&G’s Asia fixed income investment capabilities, respectively. 

Most recently, M&G announced the appointment of Manabu Fujita as head of M&G Investments Japan.

M&G’s Asia Pacific offices are in Australia, Hong Kong, Japan, Singapore, and Taiwan.

M&G, which listed as an independent company on the London Stock Exchange in October 2019, has £344 billion ($450.8 billion) of assets under management (as at 31 March 2023).