Managers of Wealth Asia Pacific

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.

UnionBank Raising Up To $1.1 Billion To Fund Acquisition Of Citigroup’s Philippine Consumer Banking Unit

In December, UnionBank agreed to buy Citigroup’s consumer banking business in the Southeast Asia nation for a cash consideration of 55 billion pesos

Macquarie Asset Management announces sale of Axicom to Australia Tower Network

Macquarie Asset Management has significant experience investing in telecommunications infrastructure around the world.

Allianz Real Estate acquires 12 assets on behalf of its newly established Japan multi-family residential fund

The portfolio consists of 12 newly built assets with more than 280 units in total

Private Markets Leader Hamilton Lane Partners With ADDX

The partnership marks the first time Hamilton Lane has tokenized a fund

China startups raise US$12bn VC funding in first two months of 2022, reveals GlobalData

While deal value decreased by 39.3% in February compared to the previous month, deal volume declined by 29.5%.

Japan bourse and S&P Dow Jones launch ESG index series

“Under these circumstances, we are delighted to collaborate with S&P Dow Jones Indices to further promote ESG-focused activities through the provision of a new composite ESG index series,”

Hong Kong’s Tracker Fund Officially Replaces Manager

The HKMA initiated a review of TraHK’s manager with seven ETF managers globally invited to bid for the mandate, including SSGA.

Synpulse Opens Shenzhen Office to Tap GBA Market

The Zurich-based firm plans to build a Shenzhen team by the end of 2022

Bond sales by Asian banks fall to lowest in a year as China remain on sidelines

Compared to the US$15.1 billion worth of bonds issued in February last year, bond sales declined 388.3 per cent.

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