Managers of Wealth Asia Pacific

BNY Mellon Western Fund posts $3.1 million loss

The long-standing dismal performance led BNY Mellon to divest from the JV in May, selling its entire 49% stake in the firm to Shanghai Leadbank Asset Management.

Sotheby's International Realty Brand Enters India

Amit Goyal is co-owner and chief executive officer of the firm, which will serve the luxury residential real estate market throughout Northern India.

AIA keeps regional expansion strategy

Chief executive and president Mark Tucker said his company had no desire to invest outside the region, where its insurance market covers 16 and terrories and tremendous opportunities are available.

Hong Kong Exchange Fund Q2 investment income at HK$37.4 bln - HKMA

The HKMA is the key manager of the Exchange Fund

Newedge embarks on prime broking expansion drive

Agency broker Newedge is developing its stock-lending and equities execution capabilities following its acquisition by Société Générale this year and a global restructuring in 2012.

HKMA and Bank of Thailand launch linked clearing system

Two markets will now be able to transact US dollar deals during Asian banking hours

Every penny of HK$3 trillion Exchange Fund needed for ‘crises’, says HKMA chief

HKMA chief Norman Chan says not one cent of the HK$3 trillion reserve can be spared for government spending on welfare or infrastructure

China to create regional asset managers to mop up bad debt

The move follows a surge in non-performing loans (NPLs) in recent months, most notably in export-focused regions like the Yangtze River Delta and Guandong, where firms are battling rising costs and weak domestic demand.

Boom ups Filipinos’ per capita income at $2,765 in 2013; luxury goods sale risin

World Bank data showed that alongside the expansion of the Philippines’ gross domestic product (GDP), or output of goods and services, came the rise in the purchasing power of Filipino consumers.

Morningstar boss eyes Asian expansion

Fund research and investment management are areas of focus, with the investment consultancy’s chief executive, Joe Mansueto, bullish on China.

SBI plans share sale in insurance, asset management unit

The lender is planning to list its insurance units

BlackRock to roll out multi-asset fund in India

BlackRock, the world's largest mutual fund which manages assets worth about $4.6 trillion, is launching its global multi-asset fund in India through the fund-of-funds route.

Australia companies head offshore to boost revenue

Australia is, in our view, heading into a much weaker, a much lower demand environment

Credit Agricole to issue dollar-denominated bonds in Taiwan

One of the tranches will issue an interest payment of 4 percent over the term of the bond

Select brings Neuberger Berman hedge fund strategy to Australia

Select Fund Services has made a Neuberger Berman fund-of-hedge-funds strategy available to retail and self-managed super fund (SMSF) investors.

Insurer AIA's first-half new business surges on HK, China growth

The first-half new business value was more than the company recorded for the whole of 2010

Leading US Life Insurance company enters Vietnam

The Ministry of Finance has granted establishment license of BIDV Metlife-a life insurance joint venture between the US Metlife Company and the Bank for Investment and Development of Vietnam (BIDV) and BIDV Insurance Corporation (BIC).

China trust suspended after manager goes AWOL

Trading in the £66 million ARC Capital fund, which counts Rathbones among its shareholders, has been suspended amid a breakdown in communication between its investment manager and board.

China Opens Its Onshore Equity Markets to Foreigners

Morningstar Take

China extends global reach with $7.5 billion loan deal with Argentina

Under the deal, state-run China Development Bank will provide $4.7 billion yen for the construction of two hydropower dam projects in southern Argentina.

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