Managers of Wealth Asia Pacific

Aventura Group and Acclime enter into a strategic partnership.

Under the terms of the partnership, Acclime will take over the responsibility for the accounting and corporate secretarial function for Aventura’s existing customers.

UAE, South Korea to jointly promote entrepreneurship and support SMEs

The entrepreneurship and SME sector accounts for 99 per cent of the total companies in South Korea, and 98.5 per cent of the private sector in the UAE

AMP confirms potential sale of investment management unit

The firm said that it is in talks with multiple parties, including real estate firm Dexus, regarding the potential sale of the assets and businesses of the unit.

Singlife with Aviva Appoints Matter for 360° Sustainability Data to Drive Investment Decisions

With Matter’s platform, Singlife will be able to monitor key environmental risks to its investments and in future, present more extensive reports to the Monetary Authority of Singapore (MAS) as part of its disclosure requirements.

Thematics Asset Management enters retail market in Hong Kong with five funds

The Thematics Safety Fund seeks to capitalise on the ever-growing demand for greater safety and security in all aspect of our lives – from data protection and secure payment to airport security and safe transport.

Igloo Shows Insuring the Unbanked is Tricky

Countries in Southeast Asia have generally low penetration of insurance.

Cbus, Media Super merger complete

Arter explained Cbus' ambition is to grow to $150 billion.

KKR Invests in Shriram General Insurance

KKR’s investment builds on strong tailwinds in the Indian general insurance industry

Fidelity, T Rowe Price Face Biggest Sri Lanka Hit

The report cited data showing Sri Lanka’s sovereign bonds are paying around 30 percentage points higher yield than U.S. Treasurys, compared with a 10-percentage point level for being considered distressed debt.

Generali and ZA Bank form bancassurance partnership

This partnership is the first of its kind in Hong Kong

Magellan YTD outflows approach $15b

“In addition, Magellan has received notifications of intention to redeem of $0.2 billion which is reflected in the FUM figures.”

Korea fund Yellow Umbrella seeks bids for 400 billion won domestic REIT mandate

The blind fund is scheduled to be established by the end this year.

Malaysia’s private retirement scheme assets rise, early withdrawals plunge as tax reprieve ends

The share of early withdrawals, which accounted for a majority or 52% of total pull-outs in 2020, fell to 19% last year.

Allfunds’ Head of Hong Kong on Leveraging the Region’s Growth, Dynamism and Diversification

“We are expanding, building, hiring and promoting,”

Korea’s Samsung Asset Management buys 20% of US ETF manager Amplify

Christian Magoon, founder and CEO of Amplify, adds that his firm “will receive significant funding and organisational support from Samsung to accelerate the growth of our business”.

Superannuation trustees strengthen governance practices following ASIC surveillance of investment switching

Trustees are providing ASIC with details of the steps they are taking, including a copy of updated policies and procedures.

Sun Life Indonesia and CIMB Niaga deepen bancassurance partnership in Indonesia

The Indonesian market is the largest economy in Southeast Asia

Mirae Asset Global Investments (Hong Kong) Awarded the Febelin "Towards Sustainability" Label for Three Active Funds

The "Towards Sustainability" label is a quality standard for sustainable financial products

LGIAsuper expands leadership as acquisition completes

The acquisition, which was funded from LGIAsuper's reserves, is expected to deliver medium-term fee savings.

HSBC's new insurance chief eyes 'crucial' new China expansion

The bank's expansion in insurance fits well into the vision of HSBC chairman Mark Tucker, who has formerly run AIA Group and Prudential.

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