Managers of Wealth - Asia http://asia.managersofwealth.com/ Tue, 14 Jan 2025 00:06:19 GMT part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP UBS’ Khan Says Diversification Is Key in Charged Environment News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75298/ubsamprsquo-khan-says-diversification-is-key-in-charged-environment UBS relocated banker Iqbal Khan to Hong Kong last year Wealth and Asset Management India Wealth Management Insights 2024: Gautami Gavankar, President, Kotak Mahindra Bank News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75299/india-wealth-management-insights-2024-gautami-gavankar-president-kotak-mahindra-bank This has been an important year for wealth management in India Wealth and Asset Management SMSF intergenerational wealth transfer needs member consensus News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75303/smsf-intergenerational-wealth-transfer-needs-member-consensus The majority of Anglo-Saxon or Anglo-Irish don't talk to their kids about money. Wealth and Asset Management Growth of new hubs challenges Swiss private banking stalwarts News Aggregation Team Friday, January 10, 2025 12:00 am http://asia.managersofwealth.com/article/75295/growth-of-new-hubs-challenges-swiss-private-banking-stalwarts The global financial landscape is undergoing a dramatic transformation. Wealth and Asset Management BIL Closes Hong Kong Office News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75277/bil-closes-hong-kong-office As part of this restructuring, the bank is withdrawing from a key financial hub in Asia. Wealth and Asset Management Endowus's Samuel Rhee of Reflects on 2024 Trends and the Future of Digital Wealth Management in Asia News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75279/endowusamp039s-samuel-rhee-of-reflects-on-2024-trends-and-the-future-of-digital-wealth-management-in-asia Endowus experienced record-breaking growth in 2024, driven by increased demand for digital wealth platforms, passive investing, and alternative assets such as private credit and equity. Wealth and Asset Management Hong Kong Eases Investment Rules to Attract Family Offices News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75280/hong-kong-eases-investment-rules-to-attract-family-offices Additionally, investments made via eligible private companies owned by applicants will now qualify under the scheme. Wealth and Asset Management Bellevue Group Opens Subsidiary in Singapore News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75282/bellevue-group-opens-subsidiary-in-singapore The asset manager plans to gradually expand the current team for Asia. Wealth and Asset Management BEA China Redefines Wealth Management News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75288/bea-china-redefines-wealth-management The Bank’s newly launched Mobile Banking App is a pivotal step of this transformation journey. Wealth and Asset Management Nuveen targets wealth business as part of ME expansion News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75289/nuveen-targets-wealth-business-as-part-of-me-expansion The American asset manager is betting on the growing family office and larger wealth space as part of its expansion into the Middle East region. Wealth and Asset Management BoQ’s business banking boss quits in blow to turnaround efforts News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75302/boqamprsquos-business-banking-boss-quits-in-blow-to-turnaround-efforts BoQ has struggled to make inroads against its larger rivals and has been rocked by executive turmoil and long-running risk management issues. Executive Moves Goldman Sachs AM hires Fidelity veteran as Asia wealth head News Aggregation Team Friday, January 10, 2025 12:00 am http://asia.managersofwealth.com/article/75290/goldman-sachs-am-hires-fidelity-veteran-as-asia-wealth-head The US asset manager has recruited Fidelity International's former Southeast Asia head as head of third-party wealth in Apac. Executive Moves Nomura hires former Deutsche Bank PB's emerging markets COO News Aggregation Team Friday, January 10, 2025 12:00 am http://asia.managersofwealth.com/article/75291/nomura-hires-former-deutsche-bank-pbamp039s-emerging-markets-coo The former Deutsche Bank COO veteran has joined the Japanese private bank, following in the footsteps of others. Executive Moves Insight Investment names chief executive News Aggregation Team Friday, January 10, 2025 12:00 am http://asia.managersofwealth.com/article/75293/insight-investment-names-chief-executive Raman Srivastava has taken on the role and is based in London. Executive Moves Goldman Sachs names head of third party wealth in Apac Ex-Japan News Aggregation Team Friday, January 10, 2025 12:00 am http://asia.managersofwealth.com/article/75296/goldman-sachs-names-head-of-third-party-wealth-in-apac-ex-japan The US asset manager has hired Sabrina Gan from Fidelity International. Executive Moves HSBC Appoints ASEAN Private Banking Duo News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75281/hsbc-appoints-asean-private-banking-duo In the role, he will report to Hammad Hashmi, market head for Singapore, Malaysia, and Indonesia at HSBC GPB. Executive Moves Morgan Stanley to Hire More Asia Wealth Relationship Managers News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75283/morgan-stanley-to-hire-more-asia-wealth-relationship-managers The firm’s 140 relationship managers in the region could grow to 200 over the next few years, said Vincent Chui, head of wealth management for Asia Pacific. Executive Moves HSBC Nabs Ex-Citi Banker for Singapore Wealth Hub News Aggregation Team Wednesday, January 08, 2025 12:00 am http://asia.managersofwealth.com/article/75269/hsbc-nabs-ex-citi-banker-for-singapore-wealth-hub She was most recently Citigold & Citigold Private Client banking director for wealth management at Citibank Singapore. Executive Moves Blue Owl Capital Hires Algebris Investments' Yoichi Nakamura to Lead Private Wealth in Japan News Team Wednesday, January 08, 2025 12:00 am http://asia.managersofwealth.com/article/75270/blue-owl-capital-hires-algebris-investmentsamp039-yoichi-nakamura-to-lead-private-wealth-in-japan Yoichi brings over two decades of experience covering securities companies and scaling the wealth businesses for global asset managers within the Japanese market Executive Moves New CEO announced at Beyond Bank News Aggregation Team Wednesday, January 08, 2025 12:00 am http://asia.managersofwealth.com/article/75274/new-ceo-announced-at-beyond-bank Marshall will take on the CEO position from interim CEO Wayne Matters on 26 March 2025. Executive Moves China central bank governor Pan meets BOE's Bailey in Beijing News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75300/china-central-bank-governor-pan-meets-boeamp039s-bailey-in-beijing Pan met top executives at HSBC, Standard Chartered Bank and London Stock Exchange on Friday, the PBOC said. Legal, Regulation & Compliance UBP appoints Philippines market head News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75304/ubp-appoints-philippines-market-head Jamian Lai joins from Headline Asia, where he was most recently venture partner and head of investor relations. Legal, Regulation & Compliance HKMA CEO Defends US Dollar Peg News Aggregation Team Friday, January 10, 2025 12:00 am http://asia.managersofwealth.com/article/75294/hkma-ceo-defends-us-dollar-peg The peg between the Hong Kong dollar and the greenback has once again come into the spotlight. Legal, Regulation & Compliance Website and Internet Banking Login Screen Alert – Fraudulent websites and internet banking login screens related to Nanyang Commercial Bank, Limited News Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75284/website-and-internet-banking-login-screen-alert-ampndash-fraudulent-websites-and-internet-banking-login-screens-related-to-nanyang-commercial-bank-limited The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. Legal, Regulation & Compliance Government announces details of enhancement measures for New Capital Investment Entrant Scheme News Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75287/government-announces-details-of-enhancement-measures-for-new-capital-investment-entrant-scheme The New CIES has attracted high-net-worth individuals, business elites and innovative entrepreneurs. Legal, Regulation & Compliance China’s central bank outlines ‘moderately loose’ monetary policy News Aggregation Team Tuesday, January 07, 2025 12:00 am http://asia.managersofwealth.com/article/75268/chinaamprsquos-central-bank-outlines-amplsquomoderately-looseamprsquo-monetary-policy Beijing last year struggled to lift the economy out of a slump fuelled by a property market crisis, weak consumption and soaring government debt. Legal, Regulation & Compliance AFSL deficiencies identified at Sanlam Private Wealth News Aggregation Team Monday, January 06, 2025 12:00 am http://asia.managersofwealth.com/article/75253/afsl-deficiencies-identified-at-sanlam-private-wealth It offers portfolio services, funds management, wealth advisory and corporate finance. Legal, Regulation & Compliance SFC and SAFE Top Management Meet in Beijing News Team Monday, January 06, 2025 12:00 am http://asia.managersofwealth.com/article/75257/sfc-and-safe-top-management-meet-in-beijing The two sides exchanged views on the recent financial market situations in the Mainland and Hong Kong and will further cooperation in actively promoting the internationalisation of renminbi Legal, Regulation & Compliance Thai government says Bank of Thailand chair appointment won’t take too long News Aggregation Team Friday, January 03, 2025 12:00 am http://asia.managersofwealth.com/article/75247/thai-government-says-bank-of-thailand-chair-appointment-wonamprsquot-take-too-long The seven-member panel of former civil servants and regulators will need to decide on the best strategy under the rules Legal, Regulation & Compliance Bank of Korea governor says monetary easing this year will be flexible News Aggregation Team Friday, January 03, 2025 12:00 am http://asia.managersofwealth.com/article/75248/bank-of-korea-governor-says-monetary-easing-this-year-will-be-flexible This year, conditions surrounding our economy will be more difficult than ever before,” Bank of Korea (BOK) governor Rhee Chang-yong said in a New Year’s address. Legal, Regulation & Compliance Accenture Acquires Digital Twin Technology for Banks to Enhance Core Modernization Capabilities News Team Wednesday, January 08, 2025 12:00 am http://asia.managersofwealth.com/article/75275/accenture-acquires-digital-twin-technology-for-banks-to-enhance-core-modernization-capabilities Percipient’s platform serves as a digital twin—or virtual duplicate—of banks’ legacy and modern systems, integrating and unifying the data from each one into a single-real time hub. FinTech NAB reveals five scams to watch in 2025 News Team Wednesday, January 08, 2025 12:00 am http://asia.managersofwealth.com/article/75276/nab-reveals-five-scams-to-watch-in-2025 NAB Executive, Group Investigations Chris Sheehan said the ‘scamscape’ was constantly evolving. FinTech Mirae Asset co-CEOs Kim Mi-seob and Heo Sun-ho target global growth with AI News Aggregation Team Thursday, January 02, 2025 12:00 am http://asia.managersofwealth.com/article/75241/mirae-asset-co-ceos-kim-mi-seob-and-heo-sun-ho-target-global-growth-with-ai Specifically, Mirae Asset Securities plans to continuously pursue asset growth and revenue expansion by enhancing personalized comprehensive asset management for WM clients. FinTech MAS Chief Discusses Crypto, CBDCs, Singapore's Fintech Future News Aggregation Team Monday, December 30, 2024 12:00 am http://asia.managersofwealth.com/article/75220/mas-chief-discusses-crypto-cbdcs-singaporeamp039s-fintech-future From strict licensing for crypto exchanges to new stablecoin regulations and exploration of wholesale CBDCs, Singapore's MAS is taking a comprehensive approach to digital assets. FinTech Philippine digital banking and fintech 2024: leading the way in SEA News Aggregation Team Monday, December 30, 2024 12:00 am http://asia.managersofwealth.com/article/75221/philippine-digital-banking-and-fintech-2024-leading-the-way-in-sea With more than two-thirds of Filipinos now using smartphones, digital banks are able to reach people traditional banks could not serve. FinTech Fintech Trends and top fintech startups in Asia to watch in 2025 News Aggregation Team Monday, December 30, 2024 12:00 am http://asia.managersofwealth.com/article/75222/fintech-trends-and-top-fintech-startups-in-asia-to-watch-in-2025 In 2024, Asia emerged as one of the leading technological markets for thousands of global fintech companies. FinTech Super funds slowly integrate AI, navigating regulatory challenges News Aggregation Team Monday, December 23, 2024 12:00 am http://asia.managersofwealth.com/article/75198/super-funds-slowly-integrate-ai-navigating-regulatory-challenges As part of JP Morgan’s research, State Super CEO John Livanas emphasised the transformative impact of machine learning on the fund’s investment management and operations. FinTech Sygnum Singapore and Moomoo Singapore partner to offer crypto fund on trading platform News Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75173/sygnum-singapore-and-moomoo-singapore-partner-to-offer-crypto-fund-on-trading-platform Moomoo Singapore is Sygnum Singapore’s first distribution partner for an asset management product. FinTech Beyond Bank and Cognizant join forces to lead the future of customer-owned banking News Team Thursday, December 12, 2024 12:00 am http://asia.managersofwealth.com/article/75137/beyond-bank-and-cognizant-join-forces-to-lead-the-future-of-customer-owned-banking Beyond Bank Australia leverages Cognizant's expertise to modernize IT infrastructure and enhance operational resilience. FinTech Revolut Launches Joint Accounts in Singapore News Aggregation Team Wednesday, December 11, 2024 12:00 am http://asia.managersofwealth.com/article/75129/revolut-launches-joint-accounts-in-singapore Revolut's Joint Accounts feature aims to simplify financial management for various types of duos FinTech Invest in Vietnamese stocks with strong fundamentals amid downward trend, experts advise News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75301/invest-in-vietnamese-stocks-with-strong-fundamentals-amid-downward-trend-experts-advise The average trading value on the HoSE reached nearly VND7.82 trillion ($308.24 million) per session, marking the lowest weekly level since May 2023. Alternative Investments Exploring the major PE players targeting Australia News Aggregation Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75286/exploring-the-major-pe-players-targeting-australia There have been several deals and bids enacted in recent months as overseas firms are predicted to take a greater interest in the Australian market. Alternative Investments Singapore fund Paragon opens Hong Kong office to reach more wealthy clients News Aggregation Team Wednesday, January 08, 2025 12:00 am http://asia.managersofwealth.com/article/75273/singapore-fund-paragon-opens-hong-kong-office-to-reach-more-wealthy-clients Fund manager sees Hong Kong as an ideal wealth management hub to reach more wealthy clients in the Greater China region Alternative Investments K&L Gates Advises Alyssa Partners on the Acquisition of Japan Logistics Properties News Team Tuesday, January 07, 2025 12:00 am http://asia.managersofwealth.com/article/75266/kampampl-gates-advises-alyssa-partners-on-the-acquisition-of-japan-logistics-properties K&L Gates advised on the Singapore level asset management arrangement, together with structuring, regulatory, and related tax matters. Alternative Investments HDBank successfully issues $118m in green bonds for eco-friendly projects News Aggregation Team Tuesday, January 07, 2025 12:00 am http://asia.managersofwealth.com/article/75267/hdbank-successfully-issues-118m-in-green-bonds-for-eco-friendly-projects The green bonds have attracted considerable interest from prominent institutional investors, achieving full order volume within a remarkably short timeframe. Alternative Investments Bank of Singapore: Top Five Investment Ideas in 2025 News Aggregation Team Monday, January 06, 2025 12:00 am http://asia.managersofwealth.com/article/75252/bank-of-singapore-top-five-investment-ideas-in-2025 In terms of equity returns, its base case is for 11 percent upside in the S&P 500, 20 percent upside in MSCI Asia ex-Japan and 17 percent upside in the Hang Seng Index. Alternative Investments Domestic investment products focus on dividend and income-type strategies News Aggregation Team Monday, January 06, 2025 12:00 am http://asia.managersofwealth.com/article/75254/domestic-investment-products-focus-on-dividend-and-income-type-strategies KB Stein also recommended the "Nifty50 Index," which follows India's representative index. Alternative Investments Scale and consolidation to be at the ‘forefront’ in 2025 News Aggregation Team Monday, January 06, 2025 12:00 am http://asia.managersofwealth.com/article/75256/scale-and-consolidation-to-be-at-the-amplsquoforefrontamprsquo-in-2025 In its outlook, the firm shared five trends it sees in 2025 for asset managers. Alternative Investments Dutch and Australian pension funds to acquire stake in US clean energy firm News Aggregation Team Friday, January 03, 2025 12:00 am http://asia.managersofwealth.com/article/75243/dutch-and-australian-pension-funds-to-acquire-stake-in-us-clean-energy-firm The transaction is expected to close in the first half of 2025, pending regulatory approvals. Alternative Investments Japan’s Nippon Life to double responsible investments to 5 trillion yen by 2030 News Aggregation Team Friday, January 03, 2025 12:00 am http://asia.managersofwealth.com/article/75246/japanamprsquos-nippon-life-to-double-responsible-investments-to-5-trillion-yen-by-2030 The amount includes a 500 billion yen impact investing facility overseen by Nippon Life’s investment arm, Nissay Asset Management Corporation. Alternative Investments Seizing the reinvention potential: PwC launches new immersive business technology experience News Team Thursday, December 12, 2024 12:00 am http://asia.managersofwealth.com/article/75134/seizing-the-reinvention-potential-pwc-launches-new-immersive-business-technology-experience The first iteration of this space has been designed in collaboration with PwC alliance partner Microsoft. Tax New global minimum tax rules set to start in Hong Kong in 2025 News Team Wednesday, November 20, 2024 12:00 am http://asia.managersofwealth.com/article/74994/new-global-minimum-tax-rules-set-to-start-in-hong-kong-in-2025 In response to stakeholders’ feedback, the Government is following up with some changes to its tax administration regime. Tax Tax and business insights from Hong Kong’s latest Policy Address News Team Tuesday, November 19, 2024 12:00 am http://asia.managersofwealth.com/article/74985/tax-and-business-insights-from-hong-kongamprsquos-latest-policy-address By capitalising on the advantages of “One Country, Two Systems,” Hong Kong aims to strengthen its financial, shipping and trade sectors while fostering innovation and collaboration within the Greater Bay Area. Tax A review of the tax regimes in Singapore and Hong Kong News Team Thursday, November 14, 2024 12:00 am http://asia.managersofwealth.com/article/74953/a-review-of-the-tax-regimes-in-singapore-and-hong-kong The position can be improved even further for those who wish to manage their investments from Singapore. Tax China is now enforcing offshore income tax. Should private bankers be worried? News Aggregation Team Friday, October 25, 2024 1:00 am http://asia.managersofwealth.com/article/74828/china-is-now-enforcing-offshore-income-tax-should-private-bankers-be-worried “Offshore income has largely been ignored by the tax authorities, but, obviously, that is changing,” a Hong Kong-based wealth advisor told APB. Tax Ultra wealthy to feel tax crunch on overseas gains News Aggregation Team Thursday, October 17, 2024 1:00 am http://asia.managersofwealth.com/article/74761/ultra-wealthy-to-feel-tax-crunch-on-overseas-gains They added that some of the targeted Chinese had at least US$10 million (HK$78 million) in offshore assets Tax Banking as a Service poised to transform Thailand’s financial ecosystem, PwC Thailand says News Team Friday, October 11, 2024 1:00 am http://asia.managersofwealth.com/article/74724/banking-as-a-service-poised-to-transform-thailandamprsquos-financial-ecosystem-pwc-thailand-says The opportunities are growing, but how businesses address the challenges of adopting BaaS will be essential for success. Tax ANZ Bank CEO’s Shameless Self Interest: This Is Why People Hate Bankers News Aggregation Team Thursday, September 26, 2024 1:00 am http://asia.managersofwealth.com/article/74630/anz-bank-ceoamprsquos-shameless-self-interest-this-is-why-people-hate-bankers The reason Watson is promoting a capital gains tax is so families are even further incentivised to park their nest eggs under the roofs of their family home. Tax Deloitte and RFO: SFOs Lack NextGen Confidence News Aggregation Team Thursday, September 12, 2024 1:00 am http://asia.managersofwealth.com/article/74539/deloitte-and-rfo-sfos-lack-nextgen-confidence Nearly seven in 10 respondents (69 percent) expect the next generation to lead their family office in Asia Pacific post-succession, according to a report by Deloitte Private and Raffles Family Office. Tax New Zealand to enforce OECD tax reporting frameworks by 2026 News Aggregation Team Tuesday, September 03, 2024 1:00 am http://asia.managersofwealth.com/article/74477/new-zealand-to-enforce-oecd-tax-reporting-frameworks-by-2026 The measure aims to prevent tax evasion by ensuring firms provide information on transactions in digital assets. Tax Luxury travel is booming – and set to grow further News Aggregation Team Monday, January 13, 2025 12:00 am http://asia.managersofwealth.com/article/75297/luxury-travel-is-booming-ampndash-and-set-to-grow-further Think millionaires and billionaires in lavish suites and on private yachts, enjoying exclusive services most of us would never dream of, let alone actually ask for. Comment, Analysis & Research Bringing Humanity to Private Client Work: Insights from Patricia Woo News Aggregation Team Friday, January 10, 2025 12:00 am http://asia.managersofwealth.com/article/75292/bringing-humanity-to-private-client-work-insights-from-patricia-woo Looking ahead to 2025, Patricia highlights her innovative approach of blending spirituality, psychotherapy, and legal expertise to holistically address family dynamics. Comment, Analysis & Research Indonesians Most Optimistic in the World About 2025 News Aggregation Team Monday, January 06, 2025 12:00 am http://asia.managersofwealth.com/article/75255/indonesians-most-optimistic-in-the-world-about-2025 Individual optimism seems to be ingrained into the regional ethos and this year seems no different. Comment, Analysis & Research PwC: Hong Kong Could Reach Top Three in 2025 IPOs News Aggregation Team Friday, January 03, 2025 12:00 am http://asia.managersofwealth.com/article/75249/pwc-hong-kong-could-reach-top-three-in-2025-ipos Focus is expected to be on sectors such as AI, IT and telecoms, electric energy, and retail, consumer goods, and services. Comment, Analysis & Research Bloomberg Billionaires Index News Aggregation Team Thursday, January 02, 2025 12:00 am http://asia.managersofwealth.com/article/75233/bloomberg-billionaires-index The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Comment, Analysis & Research Keynote Speech by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore News Team Thursday, January 02, 2025 12:00 am http://asia.managersofwealth.com/article/75239/keynote-speech-by-mr-gan-kim-yong-deputy-prime-minister-and-minister-for-trade-and-industry-and-chairman-of-the-monetary-authority-of-singapore This is a significant milestone in SGX’s history. Comment, Analysis & Research What people moves shaped funds management this year? News Aggregation Team Tuesday, December 31, 2024 12:00 am http://asia.managersofwealth.com/article/75228/what-people-moves-shaped-funds-management-this-year Ahead of the new year, Money Management compiles the biggest people moves of the last 12 months from firms such as Vanguard, Perpetual, Magellan and Fidelity. Comment, Analysis & Research Unlocking Domestic Demand Key to Reviving Growth Momentum in China – World Bank Economic Update News Team Friday, December 27, 2024 12:00 am http://asia.managersofwealth.com/article/75210/unlocking-domestic-demand-key-to-reviving-growth-momentum-in-china-ampndash-world-bank-economic-update The government has provided policy stimulus aimed at balancing short-term support for domestic demand with longer-term financial stability objectives. Comment, Analysis & Research Super balances drive household wealth growth News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75184/super-balances-drive-household-wealth-growth High property prices were the largest driver of the rise, contributing 0.9 percentage points to the overall 2.4% rise in household wealth. Comment, Analysis & Research Cbus to play key role in new Bluey movie News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75175/cbus-to-play-key-role-in-new-bluey-movie The film is to be rolled out in cinemas across the globe under the Disney banner and later streamed on Disney+. It will also air on ABC iView and ABC Kids thereafter. Comment, Analysis & Research PagoNxt launches real-time payments to China News Team Thursday, January 09, 2025 12:00 am http://asia.managersofwealth.com/article/75285/pagonxt-launches-real-time-payments-to-china This flexibility caters to the diverse needs of businesses looking to expand their cross-border payment capabilities, across sizes and industries. Retail Banking Maybank Unveils Money Lock for Enhanced Banking Security News Aggregation Team Thursday, January 02, 2025 12:00 am http://asia.managersofwealth.com/article/75236/maybank-unveils-money-lock-for-enhanced-banking-security This extra layer of protection allows customers to enjoy the benefits of online banking without compromising their financial peace of mind. Retail Banking Yibin City Commercial Bank seeks up to $240 mln in Hong Kong IPO News Aggregation Team Monday, December 30, 2024 12:00 am http://asia.managersofwealth.com/article/75216/yibin-city-commercial-bank-seeks-up-to-240-mln-in-hong-kong-ipo The company will offer 688.4 mln H shares as part of its global offering, at an offer price of HK$2.72 per share Retail Banking OCBC Bank (Hong Kong) Limited’s Sale of the Entire 33.33% Stake in Hong Kong Life Insurance Limited News Team Monday, December 30, 2024 12:00 am http://asia.managersofwealth.com/article/75217/ocbc-bank-hong-kong-limitedamprsquos-sale-of-the-entire-3333-stake-in-hong-kong-life-insurance-limited The completion of the transaction will be conditional upon customary closing conditions including but not limited to regulatory approvals. Retail Banking MUFG Bank, Ltd. announces Regarding reorganization of overseas securities entities within MUFG News Team Monday, December 30, 2024 12:00 am http://asia.managersofwealth.com/article/75218/mufg-bank-ltd-announces-regarding-reorganization-of-overseas-securities-entities-within-mufg The reorganization is scheduled for July 1, 2025, subject to the completion of necessary procedures, including approvals from the relevant regulatory authorities in Japan and abroad. Retail Banking Westpac New Zealand admits to customer overcharges News Aggregation Team Friday, December 27, 2024 12:00 am http://asia.managersofwealth.com/article/75213/westpac-new-zealand-admits-to-customer-overcharges The FMA acknowledges Westpac’s full cooperation throughout the FMA’s investigation, and the work it undertook to remedy the issues. Retail Banking UOB and OCBC junior staff to receive one-off payments to cope with cost of living News Aggregation Team Tuesday, December 24, 2024 12:00 am http://asia.managersofwealth.com/article/75200/uob-and-ocbc-junior-staff-to-receive-one-off-payments-to-cope-with-cost-of-living This plan is expected to cost the bank up to $8 million, UOB said in a statement on Dec 23. Retail Banking A Wave of New Banking Leadership in Asia News Aggregation Team Tuesday, December 24, 2024 12:00 am http://asia.managersofwealth.com/article/75202/a-wave-of-new-banking-leadership-in-asia This was the result of mergers, restructuring, succession or simply the day-to-day fast-paced changes that are commonplace in the region. Retail Banking GoTyme Bank reaches 5 million users in 2024 News Aggregation Team Monday, December 23, 2024 12:00 am http://asia.managersofwealth.com/article/75193/gotyme-bank-reaches-5-million-users-in-2024 The bank is aiming to reach 9 million customers by end-2025. Retail Banking Citi Establishes Securities Lending Collaboration News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75179/citi-establishes-securities-lending-collaboration The collaboration will take advantage of the large ASEAN client base of Maybank Securities as well as Citi’s securities lending platform Retail Banking Japanese banks post efficiency gains as interest rate hikes boost profits News Aggregation Team Tuesday, December 24, 2024 12:00 am http://asia.managersofwealth.com/article/75201/japanese-banks-post-efficiency-gains-as-interest-rate-hikes-boost-profits The cost-to-income ratio measures the proportion of a bank's operating expenses to its operating income. Investment Bank Barclays Bank PLC and the Barclays Private Bank relocate to Raheja Altimus, Worli in Mumbai News Team Monday, December 16, 2024 12:00 am http://asia.managersofwealth.com/article/75151/barclays-bank-plc-and-the-barclays-private-bank-relocate-to-raheja-altimus-worli-in-mumbai Move in line with ambition to further grow its businesses in India Investment Bank Deutsche Bank invests in India growth strategy with EUR 571m capital increase News Team Friday, November 08, 2024 12:00 am http://asia.managersofwealth.com/article/74924/deutsche-bank-invests-in-india-growth-strategy-with-eur-571m-capital-increase Deutsche Bank increases regulatory capital in India by 33% since 2023 Investment Bank Morgan Stanley Approved for China Futures Unit News Aggregation Team Wednesday, November 06, 2024 12:00 am http://asia.managersofwealth.com/article/74903/morgan-stanley-approved-for-china-futures-unit Morgan Stanley Futures (China) was listed as a licensed institution for the first time by the China Securities Regulatory Commission. Investment Bank Statement on Administrative Action by Japan's Financial Services Agency News Team Friday, November 01, 2024 12:00 am http://asia.managersofwealth.com/article/74865/statement-on-administrative-action-by-japanamp039s-financial-services-agency We apologize to our clients and all other concerned parties for the trouble this has caused. Investment Bank Metrobank drops fund management to focus on new strategy News Aggregation Team Friday, November 01, 2024 12:00 am http://asia.managersofwealth.com/article/74870/metrobank-drops-fund-management-to-focus-on-new-strategy Investment banking provides complex financial services, including initial public offerings, to large clients. Investment Bank UBS Chief Technology Officer: The Bank's Biggest Risk News Aggregation Team Friday, October 11, 2024 1:00 am http://asia.managersofwealth.com/article/74728/ubs-chief-technology-officer-the-bankamp039s-biggest-risk In the coming weeks, the bank will begin migrating customers booked in Luxembourg and Hong Kong, followed shortly by Singapore. Investment Bank Deutsche Bank launches BASF’s first sustainability-linked payables finance program in Asia News Team Friday, August 02, 2024 1:00 am http://asia.managersofwealth.com/article/74275/deutsche-bank-launches-basfamprsquos-first-sustainability-linked-payables-finance-program-in-asia The program will support BASF’s activities in China. Investment Bank Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management News Aggregation Team Wednesday, July 31, 2024 1:00 am http://asia.managersofwealth.com/article/74256/japanamp039s-nomura-triples-profit-in-q1-as-end-of-deflation-spurs-wealth-management The results show the progress Nomura has made in shifting toward a fees-based profit model in order to secure more consistent revenue that is less subject to market swings. Investment Bank Citi to boost investment banking headcount in India betting on deals surge News Aggregation Team Friday, July 19, 2024 1:00 am http://asia.managersofwealth.com/article/74191/citi-to-boost-investment-banking-headcount-in-india-betting-on-deals-surge A sharp surge in equity deals in India has made it a bright spot in an otherwise dull Asia. Investment Bank Australia and Singapore Collaborate to Support Sustainable Infrastructure and Decarbonisation in Southeast Asia News Team Thursday, December 05, 2024 12:00 am http://asia.managersofwealth.com/article/75090/australia-and-singapore-collaborate-to-support-sustainable-infrastructure-and-decarbonisation-in-southeast-asia The investment will support clean energy transition and sustainable infrastructure development across Southeast Asia. Planet SOS DBS continues to break new ground in China as first Southeast Asian bank to leverage PBOC’s Carbon Emission Reduction Facility for issuance of green loan News Team Wednesday, August 21, 2024 1:00 am http://asia.managersofwealth.com/article/74404/dbs-continues-to-break-new-ground-in-china-as-first-southeast-asian-bank-to-leverage-pbocamprsquos-carbon-emission-reduction-facility-for-issuance-of-green-loan When completed, the project is expected to generate about 270 gigawatt hours of renewable energy Planet SOS Court finds Active Super made misleading ESG claims in a greenwashing action brought by ASIC News Team Wednesday, June 05, 2024 1:00 am http://asia.managersofwealth.com/article/73894/court-finds-active-super-made-misleading-esg-claims-in-a-greenwashing-action-brought-by-asic Active Super claimed in its marketing that it eliminated investments that posed too great a risk to the environment and the community, including gambling, coal mining and oil tar sands. Planet SOS What could India’s election result mean for renewable energy? News Team Wednesday, June 05, 2024 1:00 am http://asia.managersofwealth.com/article/73897/what-could-indiaamprsquos-election-result-mean-for-renewable-energy India has also set up a National Green Hydrogen Mission as part of a plan to become a leading producer, user and exporter of the clean fuel Planet SOS Survey shows waning interest in ESG funds News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73835/survey-shows-waning-interest-in-esg-funds Similarly, the number of investors who expected ESG funds to outperform funds with the same level of risk fell by 10 percentage points to 41% in 2023. Planet SOS Hong Kong group launches consultations on ESG code of conduct News Aggregation Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73812/hong-kong-group-launches-consultations-on-esg-code-of-conduct The code, together with the self-attestation document, will be vital in fostering greater transparency, quality and reliability of ESG information, as well as comparability of products Planet SOS Record cocoa prices and the unfair chocolate value chain – meet the entrepreneurs working to change things News Team Friday, April 26, 2024 1:00 am http://asia.managersofwealth.com/article/73665/record-cocoa-prices-and-the-unfair-chocolate-value-chain-ampndash-meet-the-entrepreneurs-working-to-change-things The cocoa industry in some ways has itself to blame. Planet SOS ESG comes to the fore for asset managers’ voting News Aggregation Team Monday, April 15, 2024 1:00 am http://asia.managersofwealth.com/article/73578/esg-comes-to-the-fore-for-asset-managersamprsquo-voting In light of this, asset managers have taken steps to increase their verification of these areas when it comes to their voting records. Planet SOS Climate reporting and greenwashing: What small businesses need to know News Team Tuesday, March 19, 2024 12:00 am http://asia.managersofwealth.com/article/73422/climate-reporting-and-greenwashing-what-small-businesses-need-to-know The majority of Australian small and medium businesses will not fall within this category. Planet SOS Lombard Odier, Kaskikornbank Cooperate on Sustainability News Aggregation Team Wednesday, February 28, 2024 12:00 am http://asia.managersofwealth.com/article/73289/lombard-odier-kaskikornbank-cooperate-on-sustainability With sustainability being a major driver of investment returns, we are adapting client portfolios to the environmental transition. Planet SOS