Managers of Wealth Asia Pacific

Softbank’s Son quietly lifts stake to 34%, edging toward buyout

The company can raise the funds it needs without being listed and without a public entity’s restrictions and costs

What you need to know as Singapore banks raise interest rates on their savings accounts

The three local lenders – DBS, OCBC and UOB – have raised interest rates on their flagship savings accounts twice since August.

DBS could be most susceptible to rate cuts amid slowing sector outlook: CGS-CIMB

The bank’s target price has been cut to S$36.50 from S$38.75 to account for a lower terminal growth assumption.

How wealthy is 'wealthy' in Korea?

'Newly rich' in 30s, 40s account for 18.4% of wealthy Koreans

Australia set to raise rates as tightening cycle approaches end

Some economists expect the RBA to pause in 2023, while others see a couple more hikes, reflecting its aim to cool inflation without slowing the economy too much.

HNWs recalibrate investment goals: Report

Looking even further ahead, it said that HNWs expect to pass down close to $2 trillion worth of assets to the next generation, equating to around 70% of their total assets.

What Asian investors want right now

Billionaires aside, Asian investors are – as a group – increasing their clout, as Accenture’s Asia Affluent Investor Survey revealed.

Nearly All APAC Family Offices Name Inflation as Top Concern

On sustainability, family offices are expected to increase investments in green tech, digital transformation, AI, biotech and healthcare.

Japan is poised for a timely wage boost in 2023

In common with many advanced economies, Japan is experiencing record inflation.

Hong Kong to see finance firms import more global talent after recent summit’s ‘powerful message’: Financial Secretary Paul Chan

‘Many’ institutions have vowed to hire more locals and send more global leaders to Hong Kong, Chan said on Friday

Hong Kong Dollar Peg Tests Another Round of Doubters

Last week, Pershing Square Capital Management founder Bill Ackman announced that he was betting against the Hong Kong dollar and its US dollar peg, citing worsening US-China decoupling as a driver.

Bank of Korea lowers 2023 growth outlook to 1.7%

Central bank hikes key rate for 6th consecutive time to 3.25%

Philippines income inequality among highest in East Asia – World Bank

“The wealthiest one percent of earners capture 17 percent of national income; all those in the bottom 50 percent collectively receive only 14 percent,”

Hong Kong ideally placed to be family office hub

When looking for a friendly, experienced jurisdiction to help protect their wealth and legacies, the world’s richest need look no further than Hong Kong

New McKinsey report suggests Thai banking industry can bounce back to profitability, but transformation required

Looking more regionally, Thailand’s share of total ASEAN banking market capitalization has declined from 16 percent in 2009 to nine percent in 2021.

Don’t chase China market rebound as weak foundation attracts stock bears, JPMorgan says

The view may pour cold water on the market’s new-found optimism among analysts and money managers including Goldman Sachs and Allianz Global Investors.

More than three-quarters of Aussie start-ups optimistic despite challenging conditions

Although optimism is high, the survey found that market conditions are leading some founders to consider bridging rounds between raises.

NAB to wind up custody business

We are focused on continuing to meet our clients' obligations at the high levels we are known for, while supporting a seamless transition to new specialist providers that have global reach and meet our clients' long-term needs

DBS Launches Third Season of Sparks, its award-winning web series

Introduces 'Behind the Spark' showcase videos of employees' first-hand experience working at DBS

Gautam Adani may set up family office overseas to manage ballooning wealth

The Adani family is currently talking to consultants and tax experts about the plans, the people said

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