Managers of Wealth Asia Pacific

Mirae Asset buys Amazon-leased US distribution center for $78 mn

Mirae Asset sealed the acquisition via its US subsidiary and will sell down part of its equity interest in the property to US investors and high net-worth individuals.

Dubai joins India’s GJEPC in its MyKYCBank initiative

The GJEPC had launched the MyKYCBank initiative after billionaire Nirav Modi defrauded Punjab National Bank (PNB) to the tune of Rs13,000 crore along with his uncle Mehul Choksi early this year.

US private fund Castlelake to buy AirAsia plane portfolio for $768m

The 29 planes – Airbus’ A320-200ceo and A320neo – will be leased back to AirAsia. Read more at: https://www.dealstreetasia.com/stories/us-private-fund-castlelake-to-buy-airasia-plane-portfolio-for-768m-115116/

HSBC sells 49% of HSBC Amanah Takaful

For the HSBC Group, the transaction does not have any impact on our current businesses in Malaysia, comprising HSBC Bank Malaysia Bhd and HSBC Amanah Malaysia Bhd.

Some of the Philippines’ Biggest Managers Return to Buying Bank Stocks

Third-quarter results were certainly a step in the right direction: net-interest margins improved 7 basis points to 3.34 percent, according to Charles William Ang

Gemini Property Developers to expand marketing activities to India

A number of UAE developers participated at the annual Dubai Property Show that is aimed at tapping into the Indian investor.

Citigroup said to face $180 million loss on Asia hedge fund loan

The matter was escalated to Citigroup's board, one person said. The bank is also reorganizing its prime brokerage business as a result of the expected financial hit, the person said.

Nomura to Announce Third Quarter Operating Results on January 31

Financial statements and presentation materials will be available on the Nomura Holdings website shortly after the announcement.

Hong Kong Had the Most Expensive Real Estate in the World in 2018

The housing market is alive and well...if you're a billionaire.

HSBC Life opens Shenzhen branch

The opening of the new Shenzhen branch will allow HSBC Life to significantly expand its reach to meet the growing demand from the rising affluent segments in the region.

Bain Capital closes new Asian fund at US$4.65b: source

The firm, which had targeted to raise US$3.5 billion to US$4 billion, declined to comment.

Individual limit for Singapore Savings Bonds doubled

From Feb 1 next year, investors will also be able to buy the bonds using their SRS funds

Investors to move on property before election: BlackRock

With the policy unlikely to be retrospective, Vardy sees investors potentially putting property back into their portfolio before the next election.

Consumerist sector is India’s investment frontier

India is only at the start of its journey

UBS signs on Morningstar

Morningstar will not provide research on specific equities to the UBS platform, a spokesperson for UBS confirmed.

Final call for 2019 Chief Economists Forum

"The [investor] market will be looking whether we've got two hikes or one. Even if there are two hikes people will remind us it's the end of the cycle, not the beginning."

With 9% average growth for the last ten years, Asia is world's fastest-growing asset management market

AUM leapt by 11% year-on-year to a record $16tn by the end of 2017.

South Korea cuts growth outlook as exports lose steam

Slowdown compounds Moon's headaches as hopes for North Korea progress fade

Standard Chartered spins off private-equity arm

Bank expects to take a restructuring charge of about US$160 million related to the transaction.

Green bonds are far from equity counterparts

The ESG element of green bonds has no impact on performance, according to Julien Bras, portfolio manager for fixed income at Allianz Global Investors.

Alternative Investments