02/23/2023
FWD to enter Malaysian life insurance market with strategic investment in Gibraltar BSN
Bank Simpanan Nasional will continue to hold the remaining 30% stake ownership in Gibraltar BSN.
Alternative Investments
02/22/2023
Hamilton Lane opens sixth Asia office in Shanghai
Hamilton Lane’s other Asia offices are in Hong Kong, Seoul, Singapore, Sydney and Tokyo.
02/22/2023
Allianz Retire+ launches guaranteed retirement income product
The firm said the decision to launch the product followed feedback that retirees needed certainty of income, especially in volatile markets or market drawdowns.
02/21/2023
SBI Investment leads $28 million Series A in German fintech Pliant
The company also services other fintech firms with an embedded card platform that they can offer to thier clients.
02/20/2023
FWD Takes Majority Stake in Malaysian Insurer
FWD has signed an agreement for it and other investors to hold a 70 percent stake in Gibraltar BSN Life, according to an announcement.
02/20/2023
Allianz Posts Profit Growth in Asia
By business lines, life and health saw operating profit increase 20 percent to 532 million euros with strong profit increases in Taiwan, Malaysia, and China.
02/17/2023
Union Bank of the Philippines Marks PSEi return with a 12B SRO
Proceeds from the SRO will be allocated to support the growth of the Bank's various business segments and its wholly-owned subsidiary UnionDigital.
02/15/2023
Zurich wins group insurance mandate
TAL remains the insurer for the Suncorp super business, Brighter Super noted.
02/14/2023
BlackRock cuts Japanese stocks to ‘underweight’ on hawkish BOJ risks
Japan’s government is likely to appoint academic Kazuo Ueda as the next Bank of Japan governor when Haruhiko Kuroda’s second term ends in April, a surprise choice that could finally align the country with other major economies in raising inter
02/14/2023
Ex-Partner at Joe Tsai’s Family Office Starts Fund
Danny Lee looks to build team, raise money for private equity
02/14/2023
Hong Kong must seize opportunities with Middle Eastern investors eyeing mainland China market, top banker says
Standard Chartered’s Benjamin Hung says senior executives of sovereign wealth funds he met last week all agreed assets allocated to China ‘could be increased’
02/13/2023
China’s insurance asset management association registers product scale of over one trillion yuan
The index tracking e-commerce logistics activities reached 104.6 points, up 1.8 points from the previous month, bucking the trend of contraction for three consecutive months
02/10/2023
Sun Life CEO sees boost to Asian operations despite a year of COVID lockdowns
The boost in insurance and banking sales will also come from a new 15-year bancassurance partnership in Hong Kong with Dah Sing Bank DHSBF N/Ano change, as well as an extension to an existing bancassurance partnership in Indonesia, he said.
02/10/2023
AIIB launches US$130m venture capital programme for sustainable infrastructure
Through small-scale VC funds, AIIB aims to support early-stage companies across its members in adopting new technologies, or creating new business models that help promote sustainable infrastructure.
02/09/2023
Philippine pension fund GSIS sees non-life gross written premiums at record high in 2022
This was the highest recorded by GSIS
02/09/2023
New Australian Retirement Trust Mandate Entrusts State Street with the Custody and Administration of More Than Two Million Australians’ Superannuation Savings
State Street to Provide Investment Operations Transformation and Data Analytics Support for One of Australia’s Largest Superannuation Funds
02/08/2023
Singapore’s GIC cuts exposure to H2O Asset Management
Decision by sovereign wealth fund follows French market regulator’s fine last month
02/08/2023
Doo Wealth Adds A Newly Registered Hong Kong Trust Company
Based on the objectives of clients' customized investment strategy, the Trust Company as the trustee makes investment decisions on behalf of clients.
02/07/2023
Morgan Stanley gets China nod to buy out joint venture partner
The announcement comes just two weeks after rival US fund house J.P. Morgan Asset Management said it had won approval to buy joint venture partner Shanghai International Trust Co’s 49% shareholding in China International Fund Management.
02/06/2023
Hong Kong Leader Confirms Aramco Listing Efforts
Of note for the financial sector is the confirmed efforts to lure oil giant Aramco and its subsidiaries to list in Hong Kong to take advantage of its hub status and benefits.