Managers of Wealth Asia Pacific

Li Ka Shing group eyes more S'pore CBD land

The venture, made up of Mr Li's Cheung Kong Holdings, Hongkong Land Holdings and Keppel Land, developed the Marina Bay Financial Centre for about S$4.5 billion, it said.

Investment losses bite at China Life

First-half net profit for the country's top insurer was 9.6 billion yuan (HK$11.7 billion) - a decline of 25.7 percent on the six months last year - and earnings per share came in at 34 fens.

Head honchos of brokerages take salary cuts

Head honchos of some of the top brokerages have taken salary cuts in line with the decline in net profit amid gloomy stock markets and falling volumes.

BNP Paribas wins 6 awards in the 2012 Asset Investment Awards

In Asia, the Asset Triple A Awards represent a defining mark of excellence in the industry.

Eurex in Singapore expansion drive

Thomas Book, head of clearing at Eurex, told a press briefing that the exchange was in talks with one unnamed Singapore bank about clearing house membership after the Monetary Authority of Singapore in June allowed local banks and brokers “remote cl

Public Bank wins Best Asian Bank 2012

For the third consecutive year, Malaysia's Public Bank wins FinanceAsia's award for Best Asian Bank, which we announced at our annual Country Awards dinner in Macau on Friday.

55 companies honoured at Hong Kong Awards for Industries

Fifty-five companies were honoured today (August 27) at the 2012 Hong Kong Awards for Industries (HKAI) presentation ceremony cum gala dinner at which the Financial Secretary, Mr John C Tsang, officiated.

GoldenTree Asset Management Announces new Partnership

Through its partnership with GreensLedge, GoldenTree will seek to further develop its local brand by continuing to offer high-quality client service to its existing Japanese investors and by leveraging GreensLedge’s local expertise and deep relation

J.P. Morgan completes first transaction on HKMA repo financing platform

J.P. Morgan has executed Hong Kong’s first HKD tri-party repo transaction between Bank of China (Hong Kong) (BOCHK) and Barclays Bank, the first such trade following the launch of the Hong Kong Monetary Authority’s (HKMA) cross-border collater

Bullion dealers urge government to buy back gold from consumers

Worried over the finance ministry’s efforts to curb gold imports that may create long term negative impact on its availability in the country, bullion dealers have urged the government to allow banks to buy the metal back from consumers.

Reliance Life Insurance in talk with banks for tie-up

The Reliance Life Insurance Company, a unit of the Anil Ambani-led Reliance Capital, is in talks with several public and private sector banks to utilise their services in offering insurance products, a senior official has said.

Boci seeks to ramp up prime brokerage

Graham Ng, deputy head of equity sales and research at Boci Securities, says the firm’s prime servicing unit has prioritised developing relationships with managers of Chinese hedge funds up to $100 million in size.

EFG Asset Management launches New Capital China Equity Fund

EFG Asset Management adds to its growth-oriented Asia strategies with the launch of the New Capital China Equity Fund

Write-down clouds Bendigo's 43% profit tumble

Bendigo and Adelaide Bank will be running a tight ship, after announcing a 43% decline in full-year profit this morning.

HSBC and Four Capital Partners launch new India funds

The platform, a Dublin-domiciled UCITS umbrella structure, will select best-of-breed managers in high-growth emerging markets according to Milltrust International, and has launched with three sub funds; these include Bank Itau, BTG Pactual and Value Part

Norwegian-style sovereign wealth fund not sensible

Norway's example of a sovereign wealth fund that captures some of the profits generated by the resources boom wouldn't work in Australia, a Treasury adviser says.

Korea Life likely to ditch plan to buy ING's SE Asia unit

The decision could deal a blow to the Dutch financial group's Asian divestment process, in which it is selling Asian life insurance and asset management operations in two separate transactions.

China's fund houses gear up for gold ETFs - sources

Spot gold surged 43 percent during the period. So far this year, bullion has gained about 3 percent though prices are down 16 percent from a peak above $1,920 hit last year.

Reliance Life to introduce fixed salary for advisors

The Anil Ambani-led Reliance group firm is launching the salary-based insurance agent drive in semi-urban and rural areas.

OCBC's unit sells 70% stake in PMFB to Great Eastern's unit

OCBC Capital has signed two conditional sale and purchase agreements which will see Lion Global Investors Limited acquire a 70 per cent stake in PMFB for RM33 million, and Koperasi Angkatan Tentera Malaysia Berhad buy the other 15 per cent stake for RM7

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