Managers of Wealth Asia Pacific

Europe's Privium Fund Management opens Singapore office on September 1

The Singapore office will work on both domestic and international fund launches.

Ping An Insurance sees Hong Kong as pivotal base for expansion in Greater Bay Area, co-CEO says

Ping An intends to house the business of its Hong Kong subsidiaries and lease out extra space to other third parties for long-term investment income, Tan said in a phone interview with the South China Morning Post earlier this week.

Hedge funds chafe at extension of South Korea’s short-selling ban

Seoul’s financial watchdog says restrictions will remain until March 2021

Thailand’s Government Pension Fund to boost foreign investments, report says

Ms. Srikanya, who was appointed as secretary general of the GPF earlier this month, describes the plan to step up foreign investments as a “continuation of the fund’s recent strategy”.

AMP may need to do more to mend culture, grow earnings after high-profile exits

AMP "will continue to go through significant disruptive change.

What underpins Ant Group’s 30.2% net profit margin?

Digital payments/merchant services and SME/consumer loans represent the two major revenue streams

China Life posts lower return, trims exposure to bonds and stocks

According to Stella Ng, director for insurance at Fitch Ratings, China Life increased its fixed-maturity assets such as cash equivalents to alleviate investment risk and improve liquidity.

Alibaba pauses investment in Indian startups

It could affect the fundraising plans of Paytm, Zomato and BigBasket

Evans Dixon reports $30.5m loss

"The effects of the COVID-19 pandemic have resulted in significant disruption to global financial markets and heighted uncertainty for the global economic outlook,"

Northern Trust races up custody league tables

NAB Asset Servicing moved from being the second-largest at December end to fourth-largest now.

Magna Praxis is Rebranding to Acclime

The objective is to improve our services to our Clients in terms of geographic coverage, service offerings, and expertise.

Great Eastern Partners Telco for New Insurance Products

The new insurance products, underwritten by Great Eastern

Japan Securities Finance buys 10% stake in Indonesia bourse’s unit

“The investment in PEI is as part of the company’s plan to contribute to the sustainable development of the Indonesian securities market,”

SGX to Offer Free Analytics to Facilitate UMR Preparation

In-scope entities are subject to a mandatory exchange of initial margin (IM) with their counterparties for their bilateral OTC agreements over the USD 50 million IM threshold per counterpart.

Vanguard to shut institutional offices in Hong Kong, Tokyo

The move follows a decision made earlier this year to focus the company’s international business on its core individual investor client segment.

Melbourne boutique wins Crestone allocation

Conscious was started by former Goldman Sachs investor Matthew Tominc late last year, with Channel Capital as its distribution partner.

Canada pension fund CDPQ, Australia’s LOGOS buy Melbourne property

The centre will be transformed into a 120,000 square metre logistics asset, and the entire site will be named LOGOS Broadmeadows Logistics Estate. Sydney-based LOGOS will be the project manager and developer.

Singapore’s GLP unveils 280 billion yen Japan property fund

GLP, which entered Japan in 2002, now manages $19 billion of total assets in six Japanese real estate investment trusts and property funds, including the new fund.

Macquarie introduces new wrap cash fee

An interest rate for the cash accounts of 0.25% per annum will be paid to wrap clients after the 0.44% investment fee and the new 0.29% administration fee have been deducted.

Asset management firms’ net profits soar 46% in Q2

Samsung Asset Management, Samsung Group’s wealth management unit, marked its net profit increase 33 percent on-year to post 18.3 billion won in the second quarter, up nearly 4 billion won from the last quarter.

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