Managers of Wealth Asia Pacific

Standard Life aims for pole position as China builds a pensions market

China will take its first steps early in 2015 towards opening up a pensions market, as its regulators consult western insurers on tax incentives for long-term saving.

BDO ties up with UAE bank for money transfer business

This benefits recipients of remittances from Overseas Filipino Workers stationed in various parts of the United Arab Emirates, including Dubai and Abu Dhabi.

FATCA leads MFs to avoid fresh investments from US investors

Non-compliance with FATCA entails 30% withholding tax on the US source payments

India’s Sage Capital targets $1b fund in GCC, Africa

India based Private equity firm, Sage Capital said it is currently working with reputed institutional investors from across the world to launch a $1 billion fund

Why foreign fund houses are exiting India

Slowdown in developed world, higher capital requirement and lack of profitability seen as triggers

JPMorgan Singapore unit receives Chinese market boost with renminbi investor licence

The licence will help JPMorgan Asset Management (Singapore) meet the growing demand of investors for Chinese bonds, stocks and money-market instruments

JP Morgan gets RQFII license for Singapore business

The fund house said it will apply to the State Administration of Foreign Exchange (SAFE) for an RQFII investment quota and plans to utilise the quota to extend its range of RMB product offerings to its clients.

Asia's richest man reorganises his assets

Asia's richest man, Li Ka-shing is combining the two flagship companies in his empire

Standard Chartered axes equities business, retail jobs in cost cut push

Standard Chartered said it has cut or announced the cutting of 2,000 jobs in the last 3 months, and plans to axe a further 2,000 over the course of this year

KKR and GIC Partner for Real Estate Structured Lending Platform in India

We are excited to assist a sector that is still under-built

Turiya Hedge Fund Said to Return 17.5% of Capital to Investors

Davide Erro has decided the best way to keep clients happy is to give some of their money back

Do Banks Really Need Video Tellers and Mini-Branches?

But with the availability of artificial intelligence and sophisticated risk algorithms that can run on mobile devices, some argue there’s little need for even stripped-down versions of the branch.

State Bank of India floats plan to merge UTI Mutual Fund with asset management arm SBI Mutual Fund

SBI had made the proposal to the department of financial services, which in turn has forwarded it to the department of economic affairs for consideration.

Bond investors foresee year of calm, not tantrums

Despite expectations of an increase in US interest rates, few in the bond markets are expecting turmoil this year, even though 2014 threw many predictions off course

Longonly firms in HK shun Stock Connect

The scheme was launched on November 17

Taiwan's Cathay Fin to buy stake in Indonesia Bank Mayapada for $278M

A unit of Cathay Financial Holding Co. Ltd. has agreed to buy a 40 percent stake in Indonesia's Bank Mayapada Internasional Tbk PT for $278 million, in the Taiwanese group's third overseas deal in the past six months.

Mizuho Bank Becomes First Japanese bank to be Approved to Issue Letters of Credit for DME from Singapore

Dubai Mercantile Exchange announced today that Tokyo-headquartered Mizuho Bank has been approved to issue Letters of Credit for trading on DME directly from Singapore.

Crowe Horwath formally joins Findex Group

The Findex Group today formally assumed control of the Crowe Horwath businesses in Australia and New Zealand following the 98.25% vote by Crowe Horwath shareholders to accept the Findex Group's offer of 50c per share on December 15, 2014.

New Asian development bank needs a Canadian presence

Why? Because it will be a key that unlocks the door to a world of opportunity for Canadian businesses in Asia.

PH commences offshore bond issuance

The settlement of the new ROP bond offering has been set to be made on Jan. 20, the Philippine government said.

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