Managers of Wealth - Asia http://asia.managersofwealth.com/ Wed, 19 Jan 2022 14:15:27 GMT part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Banks turn to richest clients for 2022 News Aggregation Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66962/banks-turn-to-richest-clients-for-2022 The new wealth management team absorbed the bank’s trust and pension fund division along with other parts that could boost its capacity. Wealth and Asset Management Apex Group enters New Zealand with acquisition News Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66964/apex-group-enters-new-zealand-with-acquisition The acquisition of the MMC business marks Apex Group’s entry into the New Zealand geography through the addition of an office of 170 people, based in Auckland. Wealth and Asset Management 2022 predictions: wealth managers News Aggregation Team Sunday, January 16, 2022 12:00 am http://asia.managersofwealth.com/article/66939/2022-predictions-wealth-managers Leading Asia fund selectors identify the opportunities in markets this year. Wealth and Asset Management Hong Kong single family office expands to Dubai News Team Friday, January 14, 2022 12:00 am http://asia.managersofwealth.com/article/66931/hong-kong-single-family-office-expands-to-dubai Tsangs Group has launched a new office at the Dubai International Financial Centre. Wealth and Asset Management Global financial services firm seeks Asia wealth expansion News Team Friday, January 14, 2022 12:00 am http://asia.managersofwealth.com/article/66934/global-financial-services-firm-seeks-asia-wealth-expansion He said the focus would range from investments to credit, estate planning, succession planning, and tax planning. Wealth and Asset Management StanChart to Acquire RBC’s Hong Kong Retirement Trustee Business News Aggregation Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66888/stanchart-to-acquire-rbcamprsquos-hong-kong-retirement-trustee-business The acquisition will enable Standard Chartered to be one of the 13 trustees for Hong Kong’s mandatory provident fund (MPF). Wealth and Asset Management Covid cramps talent hunt at Asian family offices News Aggregation Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66889/covid-cramps-talent-hunt-at-asian-family-offices Travel curbs, cost pressures, liquidity management challenge operating capabilities Wealth and Asset Management Aon appoints head of wealth solutions News Aggregation Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66902/aon-appoints-head-of-wealth-solutions The newly created role is a promotion for Sweeney, who has spent more than 28 years with Aon. Wealth and Asset Management Asian Wealth Management Clients Desire Both Digital Delivery and Customer Service News Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66908/asian-wealth-management-clients-desire-both-digital-delivery-and-customer-service Digitalisation has been transforming the Asian wealth management industry for years, and recent government action has accelerated that trend. Wealth and Asset Management Trends In Wealth Management For 2022 News Aggregation Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66913/trends-in-wealth-management-for-2022 Investors should stick to their asset allocation and also moderate return expectations from equities in 2022. I Wealth and Asset Management Bank of Singapore funds selection head resigns News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66999/bank-of-singapore-funds-selection-head-resigns Erina Han has handed in her notice after just over three years in the role, a spokesperson has confirmed. Executive Moves AMP appointed Head of Portfolio Management for Multi-Asset Group News Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67001/amp-appointed-head-of-portfolio-management-for-multi-asset-group Super and retirement Executive Moves QIC adds new investment role News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67002/qic-adds-new-investment-role Whittaker commenced in the new role this month. Executive Moves Australian Unity appoints head of responsible investment News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67003/australian-unity-appoints-head-of-responsible-investment "With over 20 years of industry leadership experience, Matthew is the right person to lead this critical function." Executive Moves JANA hires legal expert from industry fund News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67004/jana-hires-legal-expert-from-industry-fund Former Club Plus chief operating officer David Barton recently joined Future Super in a newly created position, wrapping up four-year tenure at the industry super fund. Executive Moves Mizuho’s New CEO Faces Legacy Issues From Decades-Old Merger News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66971/mizuhoamprsquos-new-ceo-faces-legacy-issues-from-decades-old-merger “The task for the next CEO is making sure that related issues with Mizuho’s corporate culture such as a tendency toward risk avoidance are overcome,” Executive Moves Bank of Japan to flag rising price pressure, maintain ultra-easy policy News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66976/bank-of-japan-to-flag-rising-price-pressure-maintain-ultra-easy-policy Citi’s GSG business focuses on banking the subsidiaries of its largest multi-national clients. Executive Moves Haitong International Appoints Managing Director Trio News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66980/haitong-international-appoints-managing-director-trio Jin has 16 years of experience, most recently with Bank of America as its director of Chian FICC sales. Executive Moves Citi appoints head of Global Subsidiaries Group News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66981/citi-appoints-head-of-global-subsidiaries-group Citi’s GSG business focuses on banking the subsidiaries of its largest multi-national clients. Executive Moves Cromwell Appoints new Head of Retail Funds Management News Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66982/cromwell-appoints-new-head-of-retail-funds-management As Head of Retail Funds Management, Peta will be responsible for continuing to grow Cromwell’s retail funds management business and its funds under management across Australia. Executive Moves APRA releases new frequently asked questions on the Superannuation Data Transformation project News Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67000/apra-releases-new-frequently-asked-questions-on-the-superannuation-data-transformation-project The FAQs are available on the APRA website Legal, Regulation & Compliance Reliance joins calls for India to tighten marketplace rules -sources News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67006/reliance-joins-calls-for-india-to-tighten-marketplace-rules-sources Sign of growing rivalry between Reliance, Amazon -sources Legal, Regulation & Compliance Greenwashing risk could stymie China’s rise as world climate leader News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67008/greenwashing-risk-could-stymie-chinaamprsquos-rise-as-world-climate-leader All the pieces are in place for China to step forward as a global climate leader, but the country’s next steps could determine whether its ambitious targets bring about substantive change or fade away into greenwashing. Legal, Regulation & Compliance Allen & Overy advises UOB on the acquisition of Citigroup’s consumer business in four ASEAN countries News Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67009/allen-ampamp-overy-advises-uob-on-the-acquisition-of-citigroupamprsquos-consumer-business-in-four-asean-countries The franchise across the four markets comprises its unsecured and secured lending portfolios, wealth management and retail deposit businesses. Legal, Regulation & Compliance Statewide Superannuation to pay $4 million penalty for misleading correspondence to members News Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66978/statewide-superannuation-to-pay-4-million-penalty-for-misleading-correspondence-to-members The Court also found that, in making these representations, Statewide breached its obligations as an Australian financial services licence holder to act efficiently, honestly and fairly and to comply with financial services laws. Legal, Regulation & Compliance BGC Partners pays $110,250 infringement notice News Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66979/bgc-partners-pays-110250-infringement-notice The Markets Disciplinary Panel noted that there had been previous compliance failures of this type by BGC Partners. Legal, Regulation & Compliance Harneys Hong Kong recognised as “an established and trusted law firm” in Legal 500 rankings News Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66986/harneys-hong-kong-recognised-as-ampldquoan-established-and-trusted-law-firmamprdquo-in-legal-500-rankings Harneys Hong Kong is a full-service offshore law firm offering award-winning litigation, restructuring, corporate, finance and funds advice in English, Mandarin, and Cantonese. Legal, Regulation & Compliance Harneys Singapore commended as “progressive, reliable and responsive” in Legal 500 rankings News Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66987/harneys-singapore-commended-as-ampldquoprogressive-reliable-and-responsiveamprdquo-in-legal-500-rankings Our teams are always ready to offer advice across different offshore structures and initiatives. Legal, Regulation & Compliance MAS Issues Guidelines to Discourage Cryptocurrency Trading by General Public News Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66967/mas-issues-guidelines-to-discourage-cryptocurrency-trading-by-general-public DPT service providers can only market or advertise on their own corporate websites, mobile applications or official social media accounts. Legal, Regulation & Compliance When the rubber hits the road – making insurance claims under the new reforms News Team Friday, January 14, 2022 12:00 am http://asia.managersofwealth.com/article/66923/when-the-rubber-hits-the-road-ampndash-making-insurance-claims-under-the-new-reforms ASIC received over 300 applications for a claims handling and settling service AFS licence authorisation in 2021. Legal, Regulation & Compliance HUB24 inflows up $3.6b in Dec quarter News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66996/hub24-inflows-up-36b-in-dec-quarter HUB24’s portfolio, administration and reporting services (PARS) FUA was at $18.3 billion, up from $17.8 billion from the September quarter. This was up 97% on pcp. FinTech Warning: Self-managed super funds and crypto investments News Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66953/warning-self-managed-super-funds-and-crypto-investments ASIC obtained interim orders and injunctions from the Federal Court in Queensland against A One Multi and its directors Aryn Hala and Heidi Walters to protect investors. FinTech More than half of organizations have gaps in their zero-trust implementations News Team Friday, January 14, 2022 12:00 am http://asia.managersofwealth.com/article/66938/more-than-half-of-organizations-have-gaps-in-their-zero-trust-implementations Organizations Struggle to Consistently Authenticate Users and Devices FinTech Thailand bourse to launch exchanges for startups and digital assets in 2022 News Aggregation Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66892/thailand-bourse-to-launch-exchanges-for-startups-and-digital-assets-in-2022 Other initiatives in the plan include improving financial literacy of retail investors, promoting connectivity opportunities for investment in other countries, and encouraging businesses to move towards sustainability. FinTech Hong Kong: Discussion Paper on Crypto-assets and Stablecoins News Team Wednesday, January 12, 2022 12:00 am http://asia.managersofwealth.com/article/66887/hong-kong-discussion-paper-on-crypto-assets-and-stablecoins The Paper sets out the HKMA’s thinking on the regulatory approach for crypto-assets particularly payment-related stablecoins. FinTech iFast to acquire 85% stake in UK digital bank News Aggregation Team Monday, January 10, 2022 12:00 am http://asia.managersofwealth.com/article/66830/ifast-to-acquire-85-stake-in-uk-digital-bank The proposed acquisition in the UK bank will allow the Group to acquire a banking licence in the UK, a reputable jurisdiction and a global financial centre. FinTech Hong Kong crypto exchange allegedly hit by frozen funds News Aggregation Team Monday, January 10, 2022 12:00 am http://asia.managersofwealth.com/article/66837/hong-kong-crypto-exchange-allegedly-hit-by-frozen-funds The head of the city's securities watchdog in November 2020 said it would propose a licensing regime for all crypto-trading platforms, an approach rival financial hub Singapore is also pursuing. FinTech Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report News Aggregation Team Friday, January 07, 2022 12:00 am http://asia.managersofwealth.com/article/66803/thailandamprsquos-crypto-traders-to-be-subject-to-15-capital-gains-tax-report The report quotes a person in the Finance Ministry who also said cryptocurrency traders should prepare for increased surveillance. FinTech Thailand’s Merkle Capital gets digital asset management licence, report says News Aggregation Team Friday, January 07, 2022 12:00 am http://asia.managersofwealth.com/article/66810/thailandamprsquos-merkle-capital-gets-digital-asset-management-licence-report-says “We will also invest in other digital assets such as non-fungible tokens,” FinTech Vietnam digital bank Timo secures $20 million fresh funding led by Square Peg News Team Friday, January 07, 2022 12:00 am http://asia.managersofwealth.com/article/66817/vietnam-digital-bank-timo-secures-20-million-fresh-funding-led-by-square-peg Other participants are Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings (existing investor) and other super angels. FinTech Korea’s NH NongHyup Bank seeks bids for 180 billion won entrusted assets News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66992/koreaamprsquos-nh-nonghyup-bank-seeks-bids-for-180-billion-won-entrusted-assets NH NongHyup Bank, one of Korea’s largest agricultural banks, operates ten branches across eight countries, including the US, China and Vietnam. Alternative Investments CMB-Backed Firm First to Test Hong Kong SPAC Market News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66995/cmb-backed-firm-first-to-test-hong-kong-spac-market According to the filing, the CMB-backed Aquila is targeting to acquire «a technology-enabled company in 'new economy' sectors (such as green energy, life sciences and advanced technology and manufacturing) in Asia, with a focus on China&am Alternative Investments Africa Finance Corp. secures new funders from South Korea, Dubai News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67007/africa-finance-corp-secures-new-funders-from-south-korea-dubai While the funds mostly replaced maturing debt, the fund raising attracted new lenders from South Africa, the Middle East and South Korea. Alternative Investments Malaysia fund industry assets climb as stocks gain, bonds fall News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66973/malaysia-fund-industry-assets-climb-as-stocks-gain-bonds-fall The gains in stock funds were partly due to investors reallocating from bonds to stocks as Covid-19 restrictions were eased, according to a fund manager at a Malaysian asset management company. Alternative Investments India’s ICICI Prudential Asset Management teams up with First Trust to launch fund of funds News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66974/indiaamprsquos-icici-prudential-asset-management-teams-up-with-first-trust-to-launch-fund-of-funds First Trust had US$186 billion of assets under management as of end-September 2021, while ICICI Prudential had 4.7 trillion rupees ($63.5 billion) of assets under management as of end-June 2021. Alternative Investments Oliver Wyman grows presence in Australia News Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66928/oliver-wyman-grows-presence-in-australia The premium Perth-based boutique management consulting firm’s 20 employees will be integrated into Oliver Wyman’s Australia practice. The acquisition advances Oliver Wyman’s build up in Australia and deepens its Energy and Natural Resour Alternative Investments SMSFs drive DomaCom to $100m FUM News Aggregation Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66944/smsfs-drive-domacom-to-100m-fum “The strong growth reported in the fund’s FUM over the past few years is attributable to a willingness to invest in a wider range of assets going beyond the standard residential property, which dominated the fund’s investment portfolio i Alternative Investments RHB Asset Management launches climate fund with J.P. Morgan Asset Management News Aggregation Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66948/rhb-asset-management-launches-climate-fund-with-jp-morgan-asset-management RHB Asset Management had 42.6 billion ringgit of assets under management as of end-July 2021. Alternative Investments Transamerica Life Bermuda Honoured by Industry Peers at the Benchmark Wealth Management Awards News Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66958/transamerica-life-bermuda-honoured-by-industry-peers-at-the-benchmark-wealth-management-awards The award marks the fourth time the Company has been lauded as a leader in the Industry Alternative Investments Japan’s GPIF hires Mitsubishi UFJ Trust for private equity mandate News Aggregation Team Friday, January 14, 2022 12:00 am http://asia.managersofwealth.com/article/66920/japanamprsquos-gpif-hires-mitsubishi-ufj-trust-for-private-equity-mandate GPIF, the world’s largest pension fund, had around 194.12 trillion yen (US$1.69 trillion) of assets under management as of September 2021. Alternative Investments KPMG records strong growth in FY21 in the Middle East & South Asia region News Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66961/kpmg-records-strong-growth-in-fy21-in-the-middle-east-ampamp-south-asia-region KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021 Tax China’s taxpayers on edge as Beijing tightens oversight with big data and artificial intelligence News Aggregation Team Friday, January 14, 2022 12:00 am http://asia.managersofwealth.com/article/66935/chinaamprsquos-taxpayers-on-edge-as-beijing-tightens-oversight-with-big-data-and-artificial-intelligence China’s Golden Tax IV system will harness big data and artificial intelligence to form a web of information on taxpayers Tax China’s expat tax system: who pays and how does it work? News Aggregation Team Sunday, January 09, 2022 12:00 am http://asia.managersofwealth.com/article/66825/chinaamprsquos-expat-tax-system-who-pays-and-how-does-it-work Chinese law stipulates that individuals who are domiciled in the mainland, or live in the country for a total of 183 days in a tax year, will be categorised as tax residents. Tax Down to brass tax News Aggregation Team Thursday, December 30, 2021 12:00 am http://asia.managersofwealth.com/article/66698/down-to-brass-tax A better functioning international tax system is in everyone’s interest. Tax KPMG Records Strong Growth in FY21 News Team Tuesday, December 21, 2021 12:00 am http://asia.managersofwealth.com/article/66581/kpmg-records-strong-growth-in-fy21 The aggregate revenue of KPMG member firms in the Middle East & South Asia region grew by 7.8% in US dollar terms for FY21 Tax PHILIPPINES: Government urged to tighten tax watch on private sector News Aggregation Team Monday, December 20, 2021 12:00 am http://asia.managersofwealth.com/article/66560/philippines-government-urged-to-tighten-tax-watch-on-private-sector The Department of Finance, for its part, warned that investors may be provoked to avoid taxes and, worse, leave the Philippines due to a tax regime that punishes wealth. Tax Thailand: Country-by-country reporting rules specify persons that are required to file reports News Team Friday, December 03, 2021 12:00 am http://asia.managersofwealth.com/article/66341/thailand-country-by-country-reporting-rules-specify-persons-that-are-required-to-file-reports There are still a number of actions required by the Thai Revenue Department to fully implement the CbC reporting obligation Tax Australia: Corporate collective investment vehicles tax and regulatory framework introduced News Team Friday, December 03, 2021 12:00 am http://asia.managersofwealth.com/article/66343/australia-corporate-collective-investment-vehicles-tax-and-regulatory-framework-introduced The key policy objective of this CCIV measure is to increase the competitiveness of Australia’s managed fund industry through the introduction of an internationally recognizable investment structure. Tax The Big Read: As global clamour grows again to tax the rich more, Singapore weighs up the pros and cons News Aggregation Team Monday, November 29, 2021 12:00 am http://asia.managersofwealth.com/article/66252/the-big-read-as-global-clamour-grows-again-to-tax-the-rich-more-singapore-weighs-up-the-pros-and-cons The International Monetary Fund earlier this year called for a wealth tax to compel the rich to pony up for Covid-19 costs. Tax Taiwan's taxation pact with Saudi Arabia takes effect News Aggregation Team Friday, November 19, 2021 12:00 am http://asia.managersofwealth.com/article/66135/taiwanamp039s-taxation-pact-with-saudi-arabia-takes-effect The agreement is the 34th taxation pact Taiwan has signed with another country, according to the MOF. Tax Lombard Odier on China: «This Correction Has Gone Too Far» News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66991/lombard-odier-on-china-amplaquothis-correction-has-gone-too-farampraquo The level of relative valuation of many of the stocks out of China, especially in the offshore market, has corrected too much. Comment, Analysis & Research Thailand’s NSF sees 50% of members stop contributing due to Covid-19, report says News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66993/thailandamprsquos-nsf-sees-50-of-members-stop-contributing-due-to-covid-19-report-says Spokespersons for the fund did not immediately respond to questions from Asia Asset Management. Comment, Analysis & Research 3 Sectors That Have Massive Potential With China’s HNWIs News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/67010/3-sectors-that-have-massive-potential-with-chinaamprsquos-hnwis Champagne, for instance, still hasn’t been fully adopted by Chinese drinkers, with the country importing just 1.8 million bottles of bubbly in 2020, compared to 14.3 million to Japan. Comment, Analysis & Research BNP Paribas: No Near-Term Catalyst For China Tech Comeback News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66970/bnp-paribas-no-near-term-catalyst-for-china-tech-comeback Last year, there was a lot of concern about the antitrust measures for the technology sector. Comment, Analysis & Research Hong Kong’s MPF net inflows seen at three-year low in 2021 News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66972/hong-kongamprsquos-mpf-net-inflows-seen-at-three-year-low-in-2021 Thousands of Hong Kong residents have left the city in recent years due, among other things, to steep property prices. Comment, Analysis & Research Where to allocate for equity performance: Natixis IM News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66975/where-to-allocate-for-equity-performance-natixis-im “US political turmoil is also something to watch closely as it can even affect non-US investor sentiment.” Comment, Analysis & Research Building new pillars of growth in Asia on solid wealth management foundations News Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66977/building-new-pillars-of-growth-in-asia-on-solid-wealth-management-foundations As UBP is not listed and has remained family-owned since its founding, Blake believes the bank is able to take a longer-term view than perhaps a public company would consider, given the pressures of quarterly reporting. Comment, Analysis & Research Why three family offices invested in a Singapore ESG fund News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66985/why-three-family-offices-invested-in-a-singapore-esg-fund The Circulate Capital Disrupt fund recently raised $25m from private investors. Three family offices explain why they provided backing. Comment, Analysis & Research Digital Transformation Being Pushed at Faster Rate by Financial Services Firms, New Broadridge Survey Finds News Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66988/digital-transformation-being-pushed-at-faster-rate-by-financial-services-firms-new-broadridge-survey-finds Increase in implementation and interest in AI, the Cloud and blockchain Comment, Analysis & Research Year of the Tiger 2022: How to avoid bad luck this Lunar New Year News Aggregation Team Tuesday, January 18, 2022 12:00 am http://asia.managersofwealth.com/article/66989/year-of-the-tiger-2022-how-to-avoid-bad-luck-this-lunar-new-year The 12 signs of the Chinese zodiac are based on divisions of Jupiter’s 12-year orbital cycle Comment, Analysis & Research Citi Nears Deal For Mainland China Consumer Unit News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66994/citi-nears-deal-for-mainland-china-consumer-unit Last week, Citi agreed to sell its consumer banking business in Indonesia, Malaysia, Thailand and Vietnam to UOB for about $3.6 billion. Retail Banking DBS to Buy Citigroup Taiwan Assets News Aggregation Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66950/dbs-to-buy-citigroup-taiwan-assets A Taiwanese acquisition would add to DBS Chief Executive Officer Piyush Gupta’s deals over the last 15 months. Retail Banking Axis Bank closing in on Citi India's consumer business News Aggregation Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66966/axis-bank-closing-in-on-citi-indiaamp039s-consumer-business Its Indian consumer banking business comprises credit cards, home loans and retail banking. Retail Banking Singapore Tycoon Wee Cho Yaw’s UOB To Buy Citi’s Southeast Asia Consumer Business For $3.6 Billion News Aggregation Team Friday, January 14, 2022 12:00 am http://asia.managersofwealth.com/article/66927/singapore-tycoon-wee-cho-yawamprsquos-uob-to-buy-citiamprsquos-southeast-asia-consumer-business-for-36-billion The purchase consideration is about S$4.9 billion ($3.6 billion), which includes a premium of S$915 million on top of the business’ aggregate net asset value of S$4 billion as of June last year. Retail Banking Sumitomo Mitsui to weigh more acquisition targets in Asia News Aggregation Team Thursday, December 23, 2021 12:00 am http://asia.managersofwealth.com/article/66604/sumitomo-mitsui-to-weigh-more-acquisition-targets-in-asia Mr Ohta is also interested in American retail banking and said he may consider entering online lending in the US as a way to secure a position in that market. Retail Banking Citi Announces Agreement to Sell Philippines Consumer Bank to UnionBank of the Philippines News Team Thursday, December 23, 2021 12:00 am http://asia.managersofwealth.com/article/66610/citi-announces-agreement-to-sell-philippines-consumer-bank-to-unionbank-of-the-philippines Citi Continues to Execute on Global Consumer Bank Strategic Actions Retail Banking Axis Bank outbids Kotak Bank, IndusInd for Citi's India retail business, card operations News Aggregation Team Tuesday, December 21, 2021 12:00 am http://asia.managersofwealth.com/article/66584/axis-bank-outbids-kotak-bank-indusind-for-citiamp039s-india-retail-business-card-operations As part of CitigAxis Bank has reportedly emerged as the frontrunner to acquire the retail and credit card assets of Citi India, outbidding Kotak Mahindra Bank and IndusInd Bank. Earlier, Kotak Mahindra, Axis Bank and IndusInd Bank had made binding offers Retail Banking ANZ helps small businesses invest for growth News Team Tuesday, December 14, 2021 12:00 am http://asia.managersofwealth.com/article/66475/anz-helps-small-businesses-invest-for-growth ANZ today welcomed the Federal Government’s extension of the expanded Small to Medium Enterprise Recovery Loan Scheme. Retail Banking WeLab Acquires Indonesian Commercial Bank News Aggregation Team Wednesday, December 08, 2021 12:00 am http://asia.managersofwealth.com/article/66377/welab-acquires-indonesian-commercial-bank Welab Sky has already completed a strategic investment for a 24 percent stake in BJJ. Retail Banking Citi: Preferred Bidders Selected for Asia Consumer Assets News Aggregation Team Wednesday, December 08, 2021 12:00 am http://asia.managersofwealth.com/article/66391/citi-preferred-bidders-selected-for-asia-consumer-assets For its China consumer banking assets, Taiwan’s Fubon Financial Holding is the buyer of choice in a deal that could raise about $100 to $200 million. Retail Banking Morgan Stanley Increases Stake in China Brokerage Unit News Aggregation Team Thursday, December 30, 2021 12:00 am http://asia.managersofwealth.com/article/66704/morgan-stanley-increases-stake-in-china-brokerage-unit Thus far, eight international banks have become majority shareholders of their brokerage joint ventures. Investment Bank Woori Bank opens Hungary office News Aggregation Team Wednesday, December 08, 2021 12:00 am http://asia.managersofwealth.com/article/66410/woori-bank-opens-hungary-office Woori’s latest move marks the second establishment of a representative office in the central European nation by a Korean commercial lender. Investment Bank Citi Posts Strong Institutional Business Growth in Taiwan News Aggregation Team Wednesday, December 01, 2021 12:00 am http://asia.managersofwealth.com/article/66303/citi-posts-strong-institutional-business-growth-in-taiwan Within mergers and acquisitions, the American lender advised on five Taiwan-related deals in recent years, including three in 2021. Investment Bank Citi Australia wins custody mandate News Team Friday, November 26, 2021 12:00 am http://asia.managersofwealth.com/article/66224/citi-australia-wins-custody-mandate Earlier this year, Mirae appointed former ETF Securities chief executive Kris Walesby as chief executive of its new Australian team. Investment Bank Citi vows to continue contributing to Korean economy News Aggregation Team Monday, November 22, 2021 12:00 am http://asia.managersofwealth.com/article/66155/citi-vows-to-continue-contributing-to-korean-economy As the first foreign bank to start a consumer banking business here, Citibank Korea has introduced various new financial systems to the domestic market Investment Bank JPMorgan offers Hong Kong staff up to US$5,000 each in reimbursement for quarantine stays after family visits abroad News Aggregation Team Monday, November 22, 2021 12:00 am http://asia.managersofwealth.com/article/66159/jpmorgan-offers-hong-kong-staff-up-to-us5000-each-in-reimbursement-for-quarantine-stays-after-family-visits-abroad The new programme, the first announced by an investment bank, comes days after JPMorgan CEO Jamie Dimon paid a 32-hour visit to Hong Kong Investment Bank The art of leaving an investment bank in Hong Kong News Aggregation Team Friday, November 19, 2021 12:00 am http://asia.managersofwealth.com/article/66138/the-art-of-leaving-an-investment-bank-in-hong-kong To further underline just what a good leaver Slone is, Jefferies also says it will also consider investing alongside Slone, who's not fully leaving but has been handed the title of senior adviser to the firm. Investment Bank Japan's Largest Bank MUFG Boosts Annual Profit Outlook to Record Level News Aggregation Team Tuesday, November 16, 2021 12:00 am http://asia.managersofwealth.com/article/66079/japanamp039s-largest-bank-mufg-boosts-annual-profit-outlook-to-record-level "This reflects the profitability challenges faced by MUFG and other Japanese banks in the current ultralow domestic interest rate environment," he wrote in a note to clients. Investment Bank Australia's Macquarie posts record profit, to step up green investments News Aggregation Team Friday, October 29, 2021 1:00 am http://asia.managersofwealth.com/article/65827/australiaamp039s-macquarie-posts-record-profit-to-step-up-green-investments The capital raising will take Macquarie’s stack of surplus capital to almost A$10 billion, while Macquarie managed funds have a separate $A27.9 billion in equity “dry powder” to deploy, she said. Investment Bank Nomura Enhances Global Risk Management News Team Friday, October 29, 2021 1:00 am http://asia.managersofwealth.com/article/65830/nomura-enhances-global-risk-management The direction of these measures and implementation framework for enhanced global risk management have now been largely finalized. Investment Bank Banks continue to fund fossil fuel projects News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66997/banks-continue-to-fund-fossil-fuel-projects Market Forces said NAB led the deal arrangement months after it released an updated oil and gas policy that had been criticized as a greenwashing exercise. Planet SOS Macquarie Capital launches renewable fuels platform Aerogy; completes financing of first US project News Aggregation Team Wednesday, January 19, 2022 12:00 am http://asia.managersofwealth.com/article/66998/macquarie-capital-launches-renewable-fuels-platform-aerogy-completes-financing-of-first-us-project Aerogy delivers a suite of innovative energy solutions through project development, financing, construction and commercial operation as well as subsequent project expansions with a focus on renewable natural gas. Planet SOS Sumitomo Mitsui Financial Group: Issuance of Green Bonds News Team Monday, January 17, 2022 12:00 am http://asia.managersofwealth.com/article/66960/sumitomo-mitsui-financial-group-issuance-of-green-bonds Through green bond issuance, we would like to further promote our contribution in promoting environmental business Planet SOS Record 430 Unlisted Natural Resources Funds in Market in Q4 2021 News Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66912/record-430-unlisted-natural-resources-funds-in-market-in-q4-2021 Asset Class Rebounded Strongly from 2020 and is Building Momentum Planet SOS HKEX Publishes Net-Zero Guide and Announces New ESG Data Display News Team Thursday, January 13, 2022 12:00 am http://asia.managersofwealth.com/article/66919/hkex-publishes-net-zero-guide-and-announces-new-esg-data-display HKEX’s Net-Zero Guide introduces the essential steps for businesses to develop a pathway to net-zero, aiming to help companies to understand their greenhouse gas emissions in terms of where they are now; where they want to get to; and how they can g Planet SOS China’s CIC puts greater emphasis on ESG News Aggregation Team Wednesday, January 12, 2022 12:00 am http://asia.managersofwealth.com/article/66867/chinaamprsquos-cic-puts-greater-emphasis-on-esg “The ESG framework shows our determination to promote sustainable development,” Planet SOS HSBC Asset Management introduces sustainable income fund News Aggregation Team Wednesday, January 12, 2022 12:00 am http://asia.managersofwealth.com/article/66868/hsbc-asset-management-introduces-sustainable-income-fund are expected to grow from US$30.6 trillion in 2018 to $53 trillion in 2025, citing figures from Bloomberg Intelligence. “Coupled with an increasing awareness of the benefits of ESG investing, we have seen a strong appetite amongst investors in Asia Planet SOS HSBC launches sustainable multi-asset fund News Aggregation Team Tuesday, January 11, 2022 12:00 am http://asia.managersofwealth.com/article/66861/hsbc-launches-sustainable-multi-asset-fund The fund invests in eight asset classes across 50 countries. Planet SOS Climate failure and social crisis top global risks 2022 News Team Tuesday, January 11, 2022 12:00 am http://asia.managersofwealth.com/article/66865/climate-failure-and-social-crisis-top-global-risks-2022 Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on Planet SOS DBS Hong Kong and Haier signed ESG-linked loan facility for sustainable development News Team Monday, January 10, 2022 12:00 am http://asia.managersofwealth.com/article/66827/dbs-hong-kong-and-haier-signed-esg-linked-loan-facility-for-sustainable-development This agreement also positioned DBS Hong Kong as the first bank to pioneer Haier’s ESG-linked financing journey. Planet SOS 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 Islamic Finance After COVID-19 News Aggregation Team Wednesday, December 30, 2020 12:00 am http://asia.managersofwealth.com/article/60823/islamic-finance-after-covid-19 Islamic finance took a hit in 2020 but is preparing for the next surge of growth through innovation, standardization, and M&A activity. Covid-19