Managers of Wealth - Asia http://asia.managersofwealth.com/ Tue, 07 Feb 2023 18:38:02 GMT part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Citigroup wealth unit stops margin loans against India Adani's securities - source News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70507/citigroup-wealth-unit-stops-margin-loans-against-india-adaniamp039s-securities-source Citi's wealth unit decided to cut the loan-to-value ratio for credit against Adani securities to zero on Thursday Wealth and Asset Management McKinsey: Digital Wealth Could Dominate Revenue Growth News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70513/mckinsey-digital-wealth-could-dominate-revenue-growth In fact, this increase could potentially contribute to more than half of the wealth management industry’s revenue growth in the region over the next three years. Wealth and Asset Management Will First Boston Get a Chunk of Credit Suisse's Fund Unit? News Aggregation Team Thursday, February 02, 2023 12:00 am http://asia.managersofwealth.com/article/70502/will-first-boston-get-a-chunk-of-credit-suisseamp039s-fund-unit Specifically, this is assumed to be the Private Funds Group, wholly owned by Credit Suisse and part of the fund business. Wealth and Asset Management Secure citizenship in St Kitts and Nevis while being a resident in Thailand News Team Wednesday, February 01, 2023 12:00 am http://asia.managersofwealth.com/article/70488/secure-citizenship-in-st-kitts-and-nevis-while-being-a-resident-in-thailand As a country in Southeast Asia, Thailand is known for its tropical beaches and rich history. Wealth and Asset Management Success for IQ-EQ’s Guernsey, Isle of Man, Hong Kong and Singapore offices in 2023 Citywealth IFC Awards News Team Wednesday, February 01, 2023 12:00 am http://asia.managersofwealth.com/article/70490/success-for-iq-eqamprsquos-guernsey-isle-of-man-hong-kong-and-singapore-offices-in-2023-citywealth-ifc-awards This is the second year in a row that three IQ-EQ jurisdictions have been rewarded for their efforts in the industry, and the second consecutive year IQ-EQ Guernsey has scooped the ‘Gold’ gong. Wealth and Asset Management Wrise Launches Hong Kong Wealth Unit News Aggregation Team Tuesday, January 31, 2023 12:00 am http://asia.managersofwealth.com/article/70482/wrise-launches-hong-kong-wealth-unit In addition, Wrise Wealth Management Hong Kong has also appointed financial veteran Marcus Wong as vice chairman of the new business. Wealth and Asset Management Hong Kong Family Office Launches Singapore Arm News Aggregation Team Monday, January 30, 2023 12:00 am http://asia.managersofwealth.com/article/70469/hong-kong-family-office-launches-singapore-arm Leading the Singapore office is Daisy Ha who has been appointed as chief executive for the city-state. Wealth and Asset Management Credit Suisse Paying Interest to a Billionaire Plaintiff News Aggregation Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70452/credit-suisse-paying-interest-to-a-billionaire-plaintiff Multibillion-dollar claims for damages brought by Georgian ex-prime minister Bidzina Ivanishvili against Credit Suisse subsidiaries in Bermuda and Singapore have been playing out in the background in recent weeks. Wealth and Asset Management US wealth manager Leo Wealth buys Singapore’s Jachin Capital, gets third office in Asia News Aggregation Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70456/us-wealth-manager-leo-wealth-buys-singaporeamprsquos-jachin-capital-gets-third-office-in-asia Joyce Woo, founder and chief executive officer of Jachin Capital, will be chief executive and head of Leo Wealth Singapore and join the firm’s executive team in Asia. Wealth and Asset Management Lighthouse Canton wins 'Best Independent Wealth Manager - Asia Pacific' at Asian Private Banker Awards for Distinction 2022 News Team Tuesday, January 24, 2023 12:00 am http://asia.managersofwealth.com/article/70434/lighthouse-canton-wins-amp039best-independent-wealth-manager-asia-pacificamp039-at-asian-private-banker-awards-for-distinction-2022 The Asian Private Banker Awards for Distinction identifies and honors the benchmark for excellence in private wealth management. Wealth and Asset Management GAM Appoints investment analyst to Asian equities team News Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70530/gam-appoints-investment-analyst-to-asian-equities-team Fanwei joined the team as Investment Analyst on 1 February 2023 and will be based in Hong Kong. Executive Moves Elizabeth Hart appointed as an independent board director of British & Malayan Holdings Limited News Aggregation Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70531/elizabeth-hart-appointed-as-an-independent-board-director-of-british-ampamp-malayan-holdings-limited With her extensive knowledge and experience, she is well-equipped to bring valuable insights and expertise to the BMH Board. Executive Moves OCBC CEO Adds Board Role News Aggregation Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70532/ocbc-ceo-adds-board-role Previously, she was the Greater China CEO of HSBC. Executive Moves Rest appoints head of property News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70522/rest-appoints-head-of-property Bambrook joins the $66 billion fund from TelstraSuper where he headed up the real assets team for six years. Executive Moves Maple-Brown Abbott veteran leaves after 27 years News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70523/maple-brown-abbott-veteran-leaves-after-27-years Maple-Brown Abbott chief executive and managing director Sophia Rahmani said that during his tenure Bazzan has helped build a team that has deep and diverse resources and fostered a culture to be proud of. Executive Moves Credit Suisse Loses APAC Investment Banking Vice Chair News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70508/credit-suisse-loses-apac-investment-banking-vice-chair Since becoming the co-head of APAC IBCM in January 2018, Hung has been instrumental in leading the regional investment banking business. Executive Moves Reshuffle in UBS ECM team, Dignam heads to family office News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70512/reshuffle-in-ubs-ecm-team-dignam-heads-to-family-office It’s a big jump for Dignam, who spent the past 12 years at UBS. Executive Moves StanChart Expands North Asia Private Banking Unit News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70511/stanchart-expands-north-asia-private-banking-unit Previously, he also worked at UBS and Morgan Stanley covering UHNW clients in the region. Executive Moves HUB24 appoints chief people officer News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70514/hub24-appoints-chief-people-officer Most recently, she held the position of chief people officer at Frucor Suntory. Executive Moves Prime Super's general manager of investments departs News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70515/prime-superamp039s-general-manager-of-investments-departs Before joining Prime Super, Kang was head of investment operations at Hostplus, spending 11 years at the industry fund. Executive Moves Singapore, Brunei Darussalam central banks ink banking and supervision pact News Aggregation Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70536/singapore-brunei-darussalam-central-banks-ink-banking-and-supervision-pact The memorandum of understanding was signed in Singapore by MAS Managing Director Ravi Menon and Brunei Darussalam Central Bank Managing Director Rokiah Bakar. Legal, Regulation & Compliance Morgan Stanley IM Approved for Full Ownership in China News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70518/morgan-stanley-im-approved-for-full-ownership-in-china Morgan Stanley IM will increase its stake from 49 percent to 100 percent upon completion of the transaction which is subject to business registration and other procedures required by Chinese regulatory entities. Legal, Regulation & Compliance Suspicious websites related to Fubon Bank (Hong Kong) Limited News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70526/suspicious-websites-related-to-fubon-bank-hong-kong-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 Hong Kong-China Border Resumes Normal Travel News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70521/hong-kong-china-border-resumes-normal-travel The reopening will be welcome news for the financial sector as greater ease of travel will likely boost cross-border activities between Hong Kong and the mainland. Legal, Regulation & Compliance China and Barbados look to strengthen ties News Aggregation Team Tuesday, January 31, 2023 12:00 am http://asia.managersofwealth.com/article/70479/china-and-barbados-look-to-strengthen-ties Ambassador Xiusheng conveyed his appreciation of Barbados’ One China Policy, and Minister Symmonds gave the assurance that Barbados remains committed to this policy. Legal, Regulation & Compliance Hong Kong regulators publish stricter rules against contractors News Team Tuesday, January 31, 2023 12:00 am http://asia.managersofwealth.com/article/70485/hong-kong-regulators-publish-stricter-rules-against-contractors It is yet to be seen whether the strengthened regulatory action or the proposed penalties proposed under the Occupational Safety and Health Amendment Bill will deter contractors. Legal, Regulation & Compliance Sweet dreams: Korean bank entices customers with banknote-stuffed pillows News Aggregation Team Friday, January 27, 2023 12:00 am http://asia.managersofwealth.com/article/70463/sweet-dreams-korean-bank-entices-customers-with-banknote-stuffed-pillows The pillows are filled with a combination of the banknotes and EPP, an eco-friendly material. Legal, Regulation & Compliance Chinese consumers are eager to purchase luxury as a means of social advancement and self-differentiation, finds KPMG report News Aggregation Team Friday, January 27, 2023 12:00 am http://asia.managersofwealth.com/article/70467/chinese-consumers-are-eager-to-purchase-luxury-as-a-means-of-social-advancement-and-self-differentiation-finds-kpmg-report The report also draws upon insights from in-depth interviews with executives from the luxury industry to supplement the findings. Legal, Regulation & Compliance Conyers Represents StoneBridge Acquisition Corporation News Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70455/conyers-represents-stonebridge-acquisition-corporation The business combination agreement, which has been approved by the Board of Managers of DigiAsia and by the Board of Directors of APAC, is expected to close during the second quarter of 2023 Legal, Regulation & Compliance J.P. Morgan Asset Management gets nod to buy out China joint venture partner News Aggregation Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70457/jp-morgan-asset-management-gets-nod-to-buy-out-china-joint-venture-partner The joint venture firm, China International Fund Management, is 51% owned by J.P. Morgan Asset Management and 49% by Shanghai International Trust Co. Legal, Regulation & Compliance Endowus Inks Alternatives Partnership with Amundi News Aggregation Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70537/endowus-inks-alternatives-partnership-with-amundi Amundi Alternatives is a business line created on 1 January 2022, following Amundi's acquisition of Lyxor Asset Management, with a focus on recognized hedge fund managers in the industry FinTech Standard Chartered to Set Up Crypto Custody JV in Japan News Aggregation Team Friday, February 03, 2023 12:00 am http://asia.managersofwealth.com/article/70510/standard-chartered-to-set-up-crypto-custody-jv-in-japan Zodia Custody is both proud and excited to be working with SBI DAH to help set up SBI Zodia Custody,» said Zodia Custody CEO Julian Sawyer. FinTech Thailand’s Daol to offer digital asset services, signs pact with Singapore tech firm News Aggregation Team Thursday, February 02, 2023 12:00 am http://asia.managersofwealth.com/article/70500/thailandamprsquos-daol-to-offer-digital-asset-services-signs-pact-with-singapore-tech-firm According to Will Lee, founder and chief executive officer of InterOpera, the collaboration “reinforces our belief that financial markets can be more inclusive and realises our vision to build connectivity across capital markets in Asia and beyond FinTech Conclusion of discussion paper on crypto-assets and stablecoins News Team Wednesday, February 01, 2023 12:00 am http://asia.managersofwealth.com/article/70496/conclusion-of-discussion-paper-on-crypto-assets-and-stablecoins On the whole, the respondents were supportive of regulating stablecoins with a risk-based and agile approach. FinTech Japan Securities Clearing Corporations implements blockchain for settlement of rubber futures News Team Tuesday, January 31, 2023 12:00 am http://asia.managersofwealth.com/article/70486/japan-securities-clearing-corporations-implements-blockchain-for-settlement-of-rubber-futures Going forward, the delivery method will migrate to an on-line exchange of a token recording the delivery order information using blockchain technology. FinTech Azentio Software recognized as a Notable Vendor in Leading Research Firm's Digital Banking Engagement Platforms Report News Team Tuesday, January 31, 2023 12:00 am http://asia.managersofwealth.com/article/70487/azentio-software-recognized-as-a-notable-vendor-in-leading-research-firmamp039s-digital-banking-engagement-platforms-report In this new report, Forrester provides an overview of 38 digital banking solutions. FinTech Singapore-Based Matrixport Cuts Headcount News Aggregation Team Monday, January 30, 2023 12:00 am http://asia.managersofwealth.com/article/70472/singapore-based-matrixport-cuts-headcount Matrix Asset Management COO Yu Yee Woon said that «the firm is transitioning to new leadership, pending regulatory review» without further elaborating. FinTech In Vietnam, One in Five Own Crypto News Aggregation Team Monday, January 30, 2023 12:00 am http://asia.managersofwealth.com/article/70476/in-vietnam-one-in-five-own-crypto The crypto news website attributed that to the fact that there are no crypto taxes in Vietnam and given a wide swath of the population remains unbanked, having limited access to financial services. FinTech Indonesian POS platform iSeller raises $12 million Series B News Team Friday, January 27, 2023 12:00 am http://asia.managersofwealth.com/article/70464/indonesian-pos-platform-iseller-raises-12-million-series-b Over the past year, iSeller has rapidly expanded, gaining significant traction in merchant adoption and payment processing. FinTech Virtual assets outlook: Hong Kong expected to develop a thriving fintech ecosystem over the coming year News Aggregation Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70459/virtual-assets-outlook-hong-kong-expected-to-develop-a-thriving-fintech-ecosystem-over-the-coming-year Leading companies in the world of virtual assets and Web3 set an optimistic mood for the industry FinTech Morgan Stanley gets China nod to buy out joint venture partner News Aggregation Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70535/morgan-stanley-gets-china-nod-to-buy-out-joint-venture-partner The announcement comes just two weeks after rival US fund house J.P. Morgan Asset Management said it had won approval to buy joint venture partner Shanghai International Trust Co’s 49% shareholding in China International Fund Management. Alternative Investments Hong Kong Leader Confirms Aramco Listing Efforts News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70520/hong-kong-leader-confirms-aramco-listing-efforts Of note for the financial sector is the confirmed efforts to lure oil giant Aramco and its subsidiaries to list in Hong Kong to take advantage of its hub status and benefits. Alternative Investments AZ NGA buys stake in Melbourne advice firm News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70524/az-nga-buys-stake-in-melbourne-advice-firm The deal follows shortly after AZ NGA bought a stake in another Melbourne-based firm, SCM Financial Group. Alternative Investments Taiwan’s BLF funds swing to record investment loss in 2022 News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70528/taiwanamprsquos-blf-funds-swing-to-record-investment-loss-in-2022 Although the pension supervisor expects the grim economic environment and geopolitical issues to continue weighing on corporate earnings, it believes the rate hike cycle is coming to an end and that market sentiment will improve. Alternative Investments Axa IM Alts Expands Japan Property Portfolio News Aggregation Team Thursday, February 02, 2023 12:00 am http://asia.managersofwealth.com/article/70505/axa-im-alts-expands-japan-property-portfolio The firm was advised by J.P. Morgan Global Alternative Real Estate Asia Pacific in the acquisition of the portfolio from institutional investors. Alternative Investments China Reopening: Dry Powder Will Boost Asset Management News Aggregation Team Wednesday, February 01, 2023 12:00 am http://asia.managersofwealth.com/article/70493/china-reopening-dry-powder-will-boost-asset-management The end to quarantine and easing of other Covid restrictions in Chinese Hong Kong and the Chinese Mainland have been a promising start to 2023. Alternative Investments ADDX tokenises global macro hedge fund Asia Genesis by top veteran trader News Aggregation Team Monday, January 30, 2023 12:00 am http://asia.managersofwealth.com/article/70473/addx-tokenises-global-macro-hedge-fund-asia-genesis-by-top-veteran-trader In 2009, JMF was one of Singapore’s largest macro hedge funds, with approximately US$800 million in assets under management (AUM), having grown 100 times from an AUM of about US$8 million in 2000. Alternative Investments Prudential to set up operation in Macau News Aggregation Team Friday, January 27, 2023 12:00 am http://asia.managersofwealth.com/article/70462/prudential-to-set-up-operation-in-macau It will offer life and health insurance solutions in the special administrative region Alternative Investments Knight Frank and Berkadia form international alliance News Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70449/knight-frank-and-berkadia-form-international-alliance The platform spans all major capital hubs and sources of capital, including the US, Asia Pacific, Europe, the UK and Middle East Alternative Investments GMG to ramp up growth in Southeast Asia, aims to launch 100 stores by 2025 News Aggregation Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70458/gmg-to-ramp-up-growth-in-southeast-asia-aims-to-launch-100-stores-by-2025 The company has opened 31 stores across Malaysia, Singapore, and Indonesia since entering the SEA market in 2020 Alternative Investments Mercer proposes superannuation tax overhaul News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70525/mercer-proposes-superannuation-tax-overhaul Mercer senior partner David Knox said the recommendations would improve the super tax system now and into the future. Tax The rationale of implementing a double tax treaty between Australia and Greece News Aggregation Team Tuesday, January 10, 2023 12:00 am http://asia.managersofwealth.com/article/70307/the-rationale-of-implementing-a-double-tax-treaty-between-australia-and-greece International tax lawyer and academic, Tony Anamourlis delves into the challenges and benefits of the much anticipated agreement between the two countries Tax FAR to display whether financial advisers can provide tax (financial) advice News Team Friday, January 06, 2023 12:00 am http://asia.managersofwealth.com/article/70281/far-to-display-whether-financial-advisers-can-provide-tax-financial-advice The requirements with respect to QTRPs are separate to those which require financial advisers to be registered with ASIC by 1 July 2023. Tax KPMG proposes tax offset, reform to boost gender equality News Aggregation Team Wednesday, September 28, 2022 1:00 am http://asia.managersofwealth.com/article/69495/kpmg-proposes-tax-offset-reform-to-boost-gender-equality "The CARITO wouldn't be gender specific, but since women do most of the caring work it would be most beneficial to them." Tax Leading investment management firm implements GBST’s Pre-Trade Tax Analyser News Aggregation Team Tuesday, September 13, 2022 1:00 am http://asia.managersofwealth.com/article/69374/leading-investment-management-firm-implements-gbstamprsquos-pre-trade-tax-analyser “Providing visibility to investment managers regarding the tax impact of a proposed trade prior to trading, is the only way managers can ensure these tax benefits are not inadvertently lost, and we are delighted that our patented solution will be us Tax KPMG Launches Embedded Finance Hub in Singapore News Aggregation Team Wednesday, September 07, 2022 1:00 am http://asia.managersofwealth.com/article/69317/kpmg-launches-embedded-finance-hub-in-singapore «Embedding relevant financial services in the user journey of non-financial services industries can enhance convenience and value to both customers and businesses,» said the Monetary Authority of Singapore’s chief fintech officer Sopnend Tax HKMA Releases the Guidelines on Auditor’s Report for Application for Certification of Funds for Carried Interest Tax Concession News Team Friday, September 02, 2022 1:00 am http://asia.managersofwealth.com/article/69273/hkma-releases-the-guidelines-on-auditoramprsquos-report-for-application-for-certification-of-funds-for-carried-interest-tax-concession The Auditor’s Report Guidelines set out the requirements and other matters in relation to the auditor’s report. Tax Leo Wealth Opens Tokyo Office for US Tax Services News Aggregation Team Tuesday, August 30, 2022 1:00 am http://asia.managersofwealth.com/article/69243/leo-wealth-opens-tokyo-office-for-us-tax-services The new office will specifically focus on US income tax preparation and planning, tax compliance, and cross-border inheritance tax planning and tax-efficient outcomes. Tax Big Four audit firms dangle higher pay to keep Singapore talent News Aggregation Team Thursday, July 21, 2022 1:00 am http://asia.managersofwealth.com/article/68914/big-four-audit-firms-dangle-higher-pay-to-keep-singapore-talent The push by the city-state's biggest audit firms to offer larger paychecks reflects the broader competition for skilled talent in the financial hub, where firms from banks to technology companies are expanding Tax Super-Rich Families Face Longer Wait for Tax Breaks in Singapore News Aggregation Team Friday, May 27, 2022 1:00 am http://asia.managersofwealth.com/article/68426/super-rich-families-face-longer-wait-for-tax-breaks-in-singapore Singapore has worked hard to attract some of the world’s wealthiest clans; its low taxes, relative safety and gradual re-opening of its borders have made it an ideal haven. Tax Lighthouse Canton to expand and scale its Greater China client segment News Aggregation Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70529/lighthouse-canton-to-expand-and-scale-its-greater-china-client-segment In response to growing demand, Lighthouse Canton is bolstering its Wealth Management team’s capabilities to better service and scale the Greater China client segment. Comment, Analysis & Research Why are wealthy Indians, foreigners opening family offices in Singapore? News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70519/why-are-wealthy-indians-foreigners-opening-family-offices-in-singapore Three-quarters of this came from outside Singapore, with just under a third from Asia-Pacific countries. Comment, Analysis & Research Moody’s sees limited impact on Japan’s debt finance from BOJ rate hike News Aggregation Team Monday, February 06, 2023 12:00 am http://asia.managersofwealth.com/article/70527/moodyamprsquos-sees-limited-impact-on-japanamprsquos-debt-finance-from-boj-rate-hike What’s important is the ability of the government to fund itself at very favorable interest rates. Comment, Analysis & Research Spotlight on Growth Momentum in Asia News Team Thursday, February 02, 2023 12:00 am http://asia.managersofwealth.com/article/70498/spotlight-on-growth-momentum-in-asia Asian economies have proved resilient, underpinned by factors such as increasing domestic demand, moderate inflation and renewed long-term capital inflows Comment, Analysis & Research What makes Singapore the best place to set up a family office News Aggregation Team Tuesday, January 31, 2023 12:00 am http://asia.managersofwealth.com/article/70480/what-makes-singapore-the-best-place-to-set-up-a-family-office This becomes important as families across generations are becoming global citizens and hence it is critical for their portfolio to be tracked in dollar terms. Comment, Analysis & Research Japan’s path to normalising monetary policy News Team Tuesday, January 31, 2023 12:00 am http://asia.managersofwealth.com/article/70484/japanamprsquos-path-to-normalising-monetary-policy Japan’s economy is looking relatively healthy. Comment, Analysis & Research Emerging market outperformance set to continue News Team Friday, January 27, 2023 12:00 am http://asia.managersofwealth.com/article/70461/emerging-market-outperformance-set-to-continue As a result, fed funds futures markets are now pricing around a 95% chance that the Fed will further reduce the size of its expected February rate hike to 25 basis points. Comment, Analysis & Research Over 50% of Malaysia’s EPF members under 55 years have less than 10,000 ringgit, report says News Aggregation Team Friday, January 27, 2023 12:00 am http://asia.managersofwealth.com/article/70468/over-50-of-malaysiaamprsquos-epf-members-under-55-years-have-less-than-10000-ringgit-report-says The EPF, which manages the retirement savings of private sector employees and the self-employed, had more than 14 million members as of end-2022. Comment, Analysis & Research Recessions first, then recovery News Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70450/recessions-first-then-recovery The most recent developments show that economic and financial pressures are easing. Comment, Analysis & Research China’s 50% rebound: it’s not just about Covid News Team Thursday, January 26, 2023 12:00 am http://asia.managersofwealth.com/article/70454/chinaamprsquos-50-rebound-itamprsquos-not-just-about-covid Abandonment of the zero-Covid policy has contributed to the 50% rally in Chinese stocks, but this is only part of the story. Comment, Analysis & Research Hong Kong Banking Delegation to Middle East Unveiled News Aggregation Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70533/hong-kong-banking-delegation-to-middle-east-unveiled The most recent financial development was a signed agreement between Hong Kong and Saudi Arabia’s stock exchanges to explore new collaborative opportunities, including cross-listings. Retail Banking New scam detection, prevention and education initiatives to keep more customers safe News Team Thursday, February 02, 2023 12:00 am http://asia.managersofwealth.com/article/70506/new-scam-detection-prevention-and-education-initiatives-to-keep-more-customers-safe CBA is the first Australian bank to provide account “NameCheck” on its digital banking platforms, as new “CallerCheck” feature is launched to verify it’s the bank calling a customer. Retail Banking AMP Bank acquires Nano mortage book News Team Wednesday, February 01, 2023 12:00 am http://asia.managersofwealth.com/article/70492/amp-bank-acquires-nano-mortage-book The agreement also delivers on Nano’s strategy to focus on being a provider of technology to financial services companies rather than a home loan provider. Retail Banking AMP announces impairments to be recognised in FY 22 News Team Wednesday, January 25, 2023 12:00 am http://asia.managersofwealth.com/article/70442/amp-announces-impairments-to-be-recognised-in-fy-22 The impairments will result in a reduction in AMP’s FY 22 statutory profit. Retail Banking National Australia Bank mints stablecoin in blockchain push News Aggregation Team Wednesday, January 25, 2023 12:00 am http://asia.managersofwealth.com/article/70446/national-australia-bank-mints-stablecoin-in-blockchain-push Stablecoins are intended to hold a set value, for example $1, and come in a variety of forms. Retail Banking How Retail Banks in China Can Elevate Digital Banking News Aggregation Team Friday, January 20, 2023 12:00 am http://asia.managersofwealth.com/article/70417/how-retail-banks-in-china-can-elevate-digital-banking Retail banks need to develop core capabilities to improve customer centricity and deliver more delightful digital experiences. Retail Banking South Korea set for one more rate hike as risks mount News Aggregation Team Friday, January 13, 2023 12:00 am http://asia.managersofwealth.com/article/70346/south-korea-set-for-one-more-rate-hike-as-risks-mount “The 25 basis point hike in January should be the last in the current rate-hike cycle,” Retail Banking China Citic Bank offers Covid shots in HK to woo mainland cash News Aggregation Team Tuesday, January 10, 2023 12:00 am http://asia.managersofwealth.com/article/70315/china-citic-bank-offers-covid-shots-in-hk-to-woo-mainland-cash The programme has an “aim of providing cross-border customers a comprehensive array of wealth management services,” the lender said in a statement. Retail Banking China Seems to be Warming Up to Bankers News Aggregation Team Monday, January 09, 2023 12:00 am http://asia.managersofwealth.com/article/70293/china-seems-to-be-warming-up-to-bankers The interview is short and clear, and readers can easily compare their reading of the tea leaves with that by finews.asia. Retail Banking Japan megabanks to lean on M&A to grow presence in Asia despite recession risk News Aggregation Team Friday, January 06, 2023 12:00 am http://asia.managersofwealth.com/article/70283/japan-megabanks-to-lean-on-mampampa-to-grow-presence-in-asia-despite-recession-risk If the U.S. economy slows down more deeply, that would increase the risk of economic disturbance in Asian countries," Chizuru Tateno, a credit analyst at S&P Global Ratings Japan said. Retail Banking Macquarie Group 3Q 2023 Trading Update News Team Tuesday, February 07, 2023 12:00 am http://asia.managersofwealth.com/article/70534/macquarie-group-3q-2023-trading-update The annuity-style businesses’ combined 3Q23 net profit contribution was substantially down on 3Q22. Investment Bank Citi beat US rivals amid Asia investment banking pain News Aggregation Team Wednesday, January 25, 2023 12:00 am http://asia.managersofwealth.com/article/70440/citi-beat-us-rivals-amid-asia-investment-banking-pain The division includes its treasury and cash management businesses, as well as traditional investment banking. Investment Bank DBS remains Singapore’s most valuable brand News Aggregation Team Monday, January 23, 2023 12:00 am http://asia.managersofwealth.com/article/70425/dbs-remains-singaporeamprsquos-most-valuable-brand Brand Finance’s research showed that stronger revenues were main reasons for brand value growth of all three brands. Investment Bank Westpac customers say they’re struggling to cope after banking blunder News Aggregation Team Monday, January 09, 2023 12:00 am http://asia.managersofwealth.com/article/70300/westpac-customers-say-theyamprsquore-struggling-to-cope-after-banking-blunder Here’s how the glitch is hitting some customers. Investment Bank MUFG Eyes More Asia Deals News Aggregation Team Friday, December 23, 2022 12:00 am http://asia.managersofwealth.com/article/70198/mufg-eyes-more-asia-deals Like other Japanese lenders, MUFG has been eager to expand abroad due to declining opportunities in its home market, which has a rapidly aging population and low-interest rates. Investment Bank Morgan Stanley to slash 2022 banker bonuses in Asia by up to half - sources News Aggregation Team Monday, December 12, 2022 12:00 am http://asia.managersofwealth.com/article/70105/morgan-stanley-to-slash-2022-banker-bonuses-in-asia-by-up-to-half-sources The reduced payouts could lead to its bankers' overall compensation in Asia dropping by an average of 30%, said the first two sources. Investment Bank Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather steam News Aggregation Team Tuesday, November 29, 2022 12:00 am http://asia.managersofwealth.com/article/70022/banks-in-singapore-expand-wealth-tech-jobs-even-as-wall-street-layoffs-gather-steam Hiring may have slowed for 2022, as is typical for most year-ends, but recruiters said they have received mandates for the next year that include salary packages between 20 and 40 per cent above the norm, as employers jostle for talent. Investment Bank Maybank's Leow to increase capital-protected range News Aggregation Team Friday, November 11, 2022 12:00 am http://asia.managersofwealth.com/article/69881/maybankamp039s-leow-to-increase-capital-protected-range With concerns the market could yet have another leg down, Maybank's head of unit trusts Colin Leow is looking to up the number of alternative and capital-protected products it offers to clients. Investment Bank Kenanga Investment Bank to build wealth super app with Antchain technology News Aggregation Team Tuesday, November 01, 2022 12:00 am http://asia.managersofwealth.com/article/69773/kenanga-investment-bank-to-build-wealth-super-app-with-antchain-technology “The SuperApp will integrate a spectrum of financial and wealth offerings under one easy to access ecosystem, transforming how Malaysians view and approach wealth creation,” Investment Bank ANZ removes wealth management risk from bank News Aggregation Team Thursday, October 27, 2022 1:00 am http://asia.managersofwealth.com/article/69740/anz-removes-wealth-management-risk-from-bank The bank would pay a final dividend of 74 cents per share. Investment Bank Bank Islam’s SME Smart ECO enables businesses to adopt green technology News Aggregation Team Monday, January 30, 2023 12:00 am http://asia.managersofwealth.com/article/70474/bank-islamamprsquos-sme-smart-eco-enables-businesses-to-adopt-green-technology This hinders smaller businesses, as much as they want to support the government’s vision, from playing their part. Planet SOS ASIC takes action against super trustee for greenwashing News Team Tuesday, January 24, 2023 12:00 am http://asia.managersofwealth.com/article/70423/asic-takes-action-against-super-trustee-for-greenwashing Diversa paid $13,320 in compliance with the infringement notices on December 22, 2022. Planet SOS Prudential Singapore Gets Green Light From MAS for New Financial Advisory Arm News Aggregation Team Wednesday, January 18, 2023 12:00 am http://asia.managersofwealth.com/article/70398/prudential-singapore-gets-green-light-from-mas-for-new-financial-advisory-arm The financial advisory firm adds to Prudential’s existing distribution channels comprising a tied agency of more than 5,000 financial consultants, exclusive bancassurance partners Planet SOS Australia issues another fine for greenwashing News Aggregation Team Thursday, January 12, 2023 12:00 am http://asia.managersofwealth.com/article/70338/australia-issues-another-fine-for-greenwashing ASIC said that the company did not have a reasonable basis to make the claims. Planet SOS Hong Leong Asset Management Launches Its First Shariah-Compliant ESG Fund News Team Tuesday, January 10, 2023 12:00 am http://asia.managersofwealth.com/article/70308/hong-leong-asset-management-launches-its-first-shariah-compliant-esg-fund The HL Global Shariah ESG Fund is the second ESG fund launched by Hong Leong AM within the past nine (9) months reflecting the Company’s commitment towards sustainable investing. Planet SOS ASIC issues infringement notices to energy company for greenwashing News Team Thursday, January 05, 2023 12:00 am http://asia.managersofwealth.com/article/70271/asic-issues-infringement-notices-to-energy-company-for-greenwashing ASIC was concerned that BME either did not have a reasonable basis to make the representations, or that the representations were factually incorrect. Planet SOS ADB leads US$107 million financing for Vietnam wind farm News Aggregation Team Thursday, December 29, 2022 12:00 am http://asia.managersofwealth.com/article/70225/adb-leads-us107-million-financing-for-vietnam-wind-farm Project expands renewable energy collaboration between Ayala Corporation’s ACEN and BIM Group Planet SOS MUFG approves sustainable trade finance facility for Tata Power News Aggregation Team Wednesday, December 28, 2022 12:00 am http://asia.managersofwealth.com/article/70224/mufg-approves-sustainable-trade-finance-facility-for-tata-power Credit facility to fund two solar projects with combined 220MW capacity in Maharashtra and Gujarat Planet SOS Time for a fresh look at climate change ETFs News Aggregation Team Tuesday, December 27, 2022 12:00 am http://asia.managersofwealth.com/article/70210/time-for-a-fresh-look-at-climate-change-etfs After heavy losses, company valuations in climate exchange-traded funds are more attractive to new investors. This is how to use them in a portfolio. Planet SOS MSCI to launch biodiversity and deforestation screening tools News Aggregation Team Monday, December 19, 2022 12:00 am http://asia.managersofwealth.com/article/70158/msci-to-launch-biodiversity-and-deforestation-screening-tools Both metrics are expected to be available to investors in early 2023. Planet SOS HKMA Chief Tests Positive for Covid News Aggregation Team Thursday, August 04, 2022 1:00 am http://asia.managersofwealth.com/article/69030/hkma-chief-tests-positive-for-covid One of his top tasks currently at hand is reportedly the preparation of a welcoming event for the world’s top financial executives to reinvigorate Hong Kong’s status as a global hub. Covid-19 HSBC, UBS order Hong Kong office changes as COVID cases rise News Aggregation Team Thursday, January 06, 2022 12:00 am http://asia.managersofwealth.com/article/66802/hsbc-ubs-order-hong-kong-office-changes-as-covid-cases-rise HSBC, UBS and Bank of America also said staff had to wear masks when not at their desks, according to their memos. Covid-19 Singapore Toughens COVID Rules for Expats News Aggregation Team Tuesday, December 28, 2021 12:00 am http://asia.managersofwealth.com/article/66662/singapore-toughens-covid-rules-for-expats The pandemic has slowed the frequent flight traffic to Singapore, with executives like UBS boss Ralph Hamers not able to visit Asia until last month – more than one year into his tenure running the Swiss wealth management giant. Covid-19 MoneySense Launches Campaign to Promote Financial Resilience Amid COVID-19 Challenges News Team Tuesday, October 05, 2021 1:00 am http://asia.managersofwealth.com/article/65436/moneysense-launches-campaign-to-promote-financial-resilience-amid-covid-19-challenges The theme of this year’s campaign is “#MoneySense101: Financial Planning is for Everyone” Covid-19 NAB backs the jab with new campaign News Team Friday, September 10, 2021 1:00 am http://asia.managersofwealth.com/article/65073/nab-backs-the-jab-with-new-campaign Current forecasts show 80 per cent of eligible Australians will have had their first jab within three weeks, and their second jab by mid-November. Covid-19 Covid-19: Labuan moving towards green zone, says health director News Aggregation Team Monday, March 01, 2021 12:00 am http://asia.managersofwealth.com/article/62010/covid-19-labuan-moving-towards-green-zone-says-health-director Labuan had recorded 27 cases as of March last year and since then the number had been rising until it peaked after the Sabah state election in September last year. Covid-19 Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being News Team Tuesday, January 26, 2021 12:00 am http://asia.managersofwealth.com/article/61350/workplace-stress-during-covid-19-5-ways-to-support-your-employeesamprsquo-mental-well-being Taking care of your mental well-being is essential to staying healthy, staying resilient and moving your business forward. Covid-19 Takaful Malaysia's Successful Response to the Pandemic News Aggregation Team Friday, January 15, 2021 12:00 am http://asia.managersofwealth.com/article/61146/takaful-malaysiaamp039s-successful-response-to-the-pandemic Wong stated that Takaful Malaysia had the capability to allow remote access with a caveat. Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Thursday, December 31, 2020 12:00 am http://asia.managersofwealth.com/article/60836/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 Bosses in S'pore unlikely to mandate Covid-19 vaccination for staff: Experts News Aggregation Team Wednesday, December 30, 2020 12:00 am http://asia.managersofwealth.com/article/60812/bosses-in-samp039pore-unlikely-to-mandate-covid-19-vaccination-for-staff-experts Medical experts, human resource practitioners and business associations The Straits Times approached said employers in Singapore are unlikely to enforce the Covid-19 vaccine on their workforce. Covid-19