Managers of Wealth Asia Pacific

Malaysia fund manager PNB sees challenging 2023 as growth in major nations slumps

The distribution, which includes a 0.5 sen extra bonus to help unitholders with cost of living pressures, was slightly up from 5.0 sen in 2021.

KKR invests in South Korean clean energy firm SK E&S

Deal involves purchase of redeemable convertible preferred shares

StanChart Malaysia’s new chief on how the bank wants to differentiate itself

“So, we did some reflection and undertook a kind of SWOT analysis, if you will, to look at where we can really play to win, areas that we’re a bit weak in, and how we should improve.”

Fosun International Granted Three Awards from Global Banking and Finance Review in the United Kingdom

Since 2019, Fosun International has established the ESG Board Committee and the ESG Working Group to comprehensively improve ESG management and ensure the implementation of each ESG indicator.

Singlife with Aviva Launches Accelerator for Insurtech Startups

With access to Singlife’s suite of products and insurance verticals as well as personalized mentorship, Singlife Connect applicants can benefit from quicker customer discovery

Labuan IBFC continues to see captive growth

Labuan FSA also signed a corruption-free pledge for high integrity and good governance.

Southeast Asia Poised To Benefit From Reduced China Focus

One factor that continues to be an important issue for asset managers in the region is talent management, said Mukherjee.

China mutual fund inflows and assets shrink as stocks plunge

The benchmark CSI 300 Index shed more than 22% from January through September of this year, weighed down by extended Covid-19 lockdowns even as most other countries dropped restrictions and reopened their borders.

AustralianSuper extends Link Group’s service provider contract

Melbourne-based AustralianSuper had almost three million members and A$263 billion (US$175.82 billion) of assets as of September 2022.

VIAM appoints Apex Group for private credit fund admin

VIAM is an established asset management group with over $11 billion of AUM across multiple asset classes and key business centres in Hong Kong, Singapore, and South Korea.

Singapore’s Keppel funds buy office tower in Korea for 220 billion won

The building is a three-minute walk from the Anguk subway station and a 30-minute drive from the Gangnam and Yeouido business districts.

Norway’s Norges Bank, citing Myanmar concerns, drops Thailand’s PTT from portfolio

PTT, which operates more than 50 petrol stations in Myanmar, did not respond to questions from Asia Asset Management.

Hong Kong’s MPF assets bounce back as markets improve

The annualised net rate of return since the retirement scheme was created in 2000 was 2.3%.

Rich Chinese step up hunt for foreign investment bets to mitigate risks at home

Rich Chinese are also fretting about Xi Jinping's "common prosperity" drive to reduce income inequality, asset managers said, adding that they are looking at overseas private equity and property investment opportunities in countries like th

ZEDRA wins Trust Company of the Year at the STEP private client awards

The award comes hot on the heels of ZEDRA’s strong, sustainable growth, which has led to increased investment in new client solutions and products in the UK, US, Luxembourg, Poland and Singapore.

Korea’s GEPS seeks bids for 400 billion won foreign bond mandate

GEPS, a quasi-government body that provides pension services for civil servants, manages around $17 billion of assets for 1.25 million members.

Canadian alternatives firm Northleaf picks Korea for third Asia office

The pool of wealth in Asia Pacific waiting to be deployed into investments has been getting deeper over the years.

Five asset managers launch Asia protein transition platform

The institutional investors, which run a combined $3tn, will work with investor engagement firm Asia Research & Engagement to establish a series of targets encouraging a transition to greater use of meat alternatives by 2030.

AZ NGA acquires stake in SCM Financial Group

Paul Barrett, AZ NGA chief executive, termed SCM a “very impressive, diversified business” with ambitious plans for the future.

Proposed Alternative Arrangements for Meetings Following the Cessation of the COVID-19 (Temporary Measures) Orders

Listed entities will have to observe SGX’s guidance on the holding of general meetings. For more information, please refer to the SGX website

Alternative Investments