Managers of Wealth Asia Pacific

SoftBank’s Vision Fund plans to cut 10% of staff as startups sour

SoftBank founder Masayoshi Son and his $100 billion Vision Fund changed the tech industry by handing out enormous checks to relatively unproven startups.

Bank of Japan’s massive ETF purchasing seen benefiting top brokers

The BoJ plan diminishes the need for asset managers to compete on charges, the professor said.

BEA Union adopts Hong Kong OFC structure

Hong Kong’s Securities and Futures Commission has authorised BEA Union Investment to launch an Apac fixed income product structured as an “open-ended fund company”.

Goldman Sees Worst India Recession With 45% Second Quarter Slump

India’s government has extended its nationwide lockdown until May 31, while further easing restrictions in certain sectors to boost economic activity, as coronavirus cases escalate across the country.

Macquarie delivers $2,731 million profit and declares $1.80 per share final dividend

This ultimately led to earnings per share of $7.91, down 10% on FY 2019.

Japan's Nomura posts fourth-quarter loss as global markets tumble

Net profit for the year ended March came in at 217 billion yen, compared with an average estimate of 276 billion yen from five analysts polled by Refinitiv.

HSBC Taiwan partners with Ascenda to enhance rewards offering

The new capabilities are being deployed effective immediately for Traveller's Card and will be introduced to HSBC Taiwan's existing customers progressively.

Head-to-Head: JP Morgan AM versus UBS AM

FSA compares two highly-rated China equity funds: the JP Morgan China Fund and the UBS China Opportunity Fund.

BEA reassures Asia bond investors

Asia bond valuations are appealing, but liquidity needs to return to the market before investors are convinced, according to BEA Union Investments’ fixed income head.

Westpac’s King Just Got the Toughest Job in Australian Banking

Pledges to boost risk management amid money-laundering case

Bank Indonesia ensures sufficient liquidity, sees signs of decline in capital outflows

The COVID-19 crisis is much different than Asia’s crisis in 1998 and the global financial crisis in 2008 as banks remain in a healthy condition despite weakening business activities and volatile financial markets, Perry said.

Jefferies Group CFO Dies Due To Coronavirus Complications

For over a dozen years, Peg has been our CFO and partner, and helped us build Jefferies from less than half its current size

Japan's big banks begin low-rate loans to virus-hit businesses

New funds set up with no-interest money from central bank

Bank of Singapore: Unload Risk on Rebounds

Finance aside, Bahren also touched on the political state of matters, warning that warned that the crisis had just started and that nation states were currently ill-equipped for combat.

NAB Private director starts new venture

It is starting with UK-based emerging markets manager Somerset Capital, which currently offers its dividend-growth strategy in Australia through a locally domiciled fund.

As Wall Street Empties, Asia’s Bankers Slowly Head Back to Work

hile most offices aren’t 100% staffed, some are still rotating at home

Chinese Banks Face an Unprecedented Drop in Profit, UBS Says

China is taking action to protect both Chinese companies and the nation’s $41 trillion banking industry amid an outbreak that brought much of the world’s second-largest economy to a standstill.

Citi to expand local securities team

"Citi provides clients with in-depth local market expertise, advanced processing technologies and value-added services, like data management, in-house unit registry and ETF servicing," Citi Australia head of securities services Martin Carpenter

The Bank of East Asia Announces a Strategic Review of Portfolio

The announcement has been made with the support of Elliott Management Corporation.

UOB Launches Financial Solution for Women in Singapore

The UOB Lady’s Savings Account will help female consumers to fill the gap for medical insurance coverage in their financial portfolios.

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