Managers of Wealth - Asia http://asia.managersofwealth.com/ Thu, 18 Apr 2024 20:46:45 BST part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP UBS, Nomura Battle to Win Rates Sales to Europe’s Ultra Rich News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73603/ubs-nomura-battle-to-win-rates-sales-to-europeamprsquos-ultra-rich Switzerland’s biggest bank has been adding to its structured rates offering over the past six months. Wealth and Asset Management UBS GWM's market team head for Malaysia and Singapore exits News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73604/ubs-gwmamp039s-market-team-head-for-malaysia-and-singapore-exits The market team head had been with UBS GWM for almost two decades. Wealth and Asset Management BlackRock and Jio Team to Offer Wealth Management in India News Aggregation Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73594/blackrock-and-jio-team-to-offer-wealth-management-in-india By creating a brokerage firm, Jio and BlackRock hope to woo the growing number of Indian retail investors as that country’s stock market hits historic highs. Wealth and Asset Management Family offices in Asia: the booming powerhouses of asset management News Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73595/family-offices-in-asia-the-booming-powerhouses-of-asset-management Originally designed to manage the wealth of HNWIs, family offices’ role has expanded to encompass strategic investments and influencing corporate governance. Wealth and Asset Management Kamet Capital Redefines Wealth Management: Harmonising Western Strategies with Asian Sensibilities News Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73587/kamet-capital-redefines-wealth-management-harmonising-western-strategies-with-asian-sensibilities This transformative experience and his deep knowledge of the family office industry's evolution laid the foundation for Kamet Capital's innovative approach. Wealth and Asset Management First Global Catalytic Capital Marketplace Co-Axis Unveils 70+ Solutions from 40+ Countries to Speed Up and Scale Impact News Aggregation Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73593/first-global-catalytic-capital-marketplace-co-axis-unveils-70-solutions-from-40-countries-to-speed-up-and-scale-impact Co-Axis aims to unlock risk capital and harness the power of community to scale and speed up impact innovations tackling the world’s greatest sustainability challenges. Wealth and Asset Management Blackstone's Apac wealth head says PE must look beyond leverage News Aggregation Team Monday, April 15, 2024 1:00 am http://asia.managersofwealth.com/article/73577/blackstoneamp039s-apac-wealth-head-says-pe-must-look-beyond-leverage Ed Huang, the $1tn alternatives manager's Apac wealth head, also hailed the 'tremendous' opportunity in Japan and semi-liquid funds structures' resilience through market turbulence. Wealth and Asset Management Julius Baer strengthens commitment and growth in Singapore through One@Changi City relocation News Team Friday, April 12, 2024 1:00 am http://asia.managersofwealth.com/article/73567/julius-baer-strengthens-commitment-and-growth-in-singapore-through-onechangi-city-relocation It is more than just a physical space Wealth and Asset Management China’s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers News Aggregation Team Friday, April 12, 2024 1:00 am http://asia.managersofwealth.com/article/73569/chinaamprsquos-young-ultra-rich-seen-reshaping-wealth-management-art-collection-and-luxury-spending-hsbc-summit-speakers Wealth management is transforming into ‘a new virtual format in addition to the traditional finance space’, asset manager says Wealth and Asset Management UBS Tries to Reverse CS Judgement in Singapore News Aggregation Team Thursday, April 11, 2024 1:00 am http://asia.managersofwealth.com/article/73559/ubs-tries-to-reverse-cs-judgement-in-singapore A court in the city-state is currently wrestling with the hundreds of millions of dollars in client damages. Wealth and Asset Management New Prime Minister: Johnny B. Goode in Singapore News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73607/new-prime-minister-johnny-b-goode-in-singapore In the mostly effectively functioning city-state of Singapore, this change at the political top is particularly significant. Executive Moves Federated Hermes Expands Sales Team in Japan News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73608/federated-hermes-expands-sales-team-in-japan In the newly created role, he is responsible for the alignment and distribution of Federated Hermes’ products to meet the needs of financial institution clients in Japan. Executive Moves Stonebridge bolsters Asset Management division with three key appointments News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73609/stonebridge-bolsters-asset-management-division-with-three-key-appointments Stonebridge Property Group has bolstered its Asset Management division with the appointment of three key resources, including industry expert Peter Cortis-Jones as Managing Partner. Executive Moves HSBC North Asia Private Banker Resigns News Aggregation Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73597/hsbc-north-asia-private-banker-resigns He spent four years with UBS Global Wealth Management and 19 years with Goldman Sachs Private Wealth Management. Executive Moves HSBC GPB market head for HK resurfaces at Hang Seng Bank News Aggregation Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73598/hsbc-gpb-market-head-for-hk-resurfaces-at-hang-seng-bank The former HSBC market head will join Hang Seng Bank to head its private banking, Citywire Asia has learnt. Executive Moves ING Appoints APAC Head of Corporate Finance News Aggregation Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73600/ing-appoints-apac-head-of-corporate-finance He also held investment banking roles at HSBC, ABN AMRO and Lazard. Executive Moves IQ-EQ appoints new Managing Director for Mauritius and new Chief Commercial Officer for Africa, India and Middle East News Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73602/iq-eq-appoints-new-managing-director-for-mauritius-and-new-chief-commercial-officer-for-africa-india-and-middle-east Pazani Vaitilingon, Head of Funds, Mauritius will succeed Rehma in the role of Chief Commercial Officer, Africa, India and Middle East. Executive Moves GAM hires new distribution team member in Australia News Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73584/gam-hires-new-distribution-team-member-in-australia Her appointment will expand GAM’s local presence and deepen GAM’s relationships with institutions, advisers and family offices in Australia. Executive Moves Morgan Stanley IM Nets Ex-CS Executive News Aggregation Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73585/morgan-stanley-im-nets-ex-cs-executive Prior to that, she spent 18 years with Credit Suisse in various roles, including as its APAC head of asset management. Executive Moves DWS Names Australia CEO News Aggregation Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73589/dws-names-australia-ceo In the role, she reports to Vanessa Wang, head of APAC and head of coverage, APAC. Executive Moves Appleby'S Shanghai Office And Lawyers Become Invited Members Of The Shanghai Bar Association News Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73586/applebyamp039s-shanghai-office-and-lawyers-become-invited-members-of-the-shanghai-bar-association This affiliation not only strengthens our ties within the legal community Legal, Regulation & Compliance JPMorgan Private Bank Taps Goldman’s Kui as Head of China Market News Aggregation Team Friday, April 12, 2024 1:00 am http://asia.managersofwealth.com/article/73570/jpmorgan-private-bank-taps-goldmanamprsquos-kui-as-head-of-china-market She will succeed Grace Lin, who is retiring from the bank after eight years, and report to Harshika Patel, the regional chief executive of the Asia private bank. Legal, Regulation & Compliance Vietnam sentences property billionaire to death in huge financial fraud case News Aggregation Team Friday, April 12, 2024 1:00 am http://asia.managersofwealth.com/article/73573/vietnam-sentences-property-billionaire-to-death-in-huge-financial-fraud-case 84 defendants in the case received sentences ranging from probation for three years to life imprisonment Legal, Regulation & Compliance SFC encourages licensed corporations to participate in Anti-Scam Charter 2.0 News Team Friday, April 12, 2024 1:00 am http://asia.managersofwealth.com/article/73575/sfc-encourages-licensed-corporations-to-participate-in-anti-scam-charter-20 Participating institutions commit that they will not send customers any instant electronic messages with embedded hyperlinks or request key personal data. Legal, Regulation & Compliance AMINA Hong Kong Successfully Onboards Clients Following SFC Licence Approval News Team Thursday, April 11, 2024 1:00 am http://asia.managersofwealth.com/article/73560/amina-hong-kong-successfully-onboards-clients-following-sfc-licence-approval AMINA Hong Kong’s regulatory status positions it at the forefront of crypto investment opportunities in the Hong Kong market. Legal, Regulation & Compliance HashKey Upgrades Hong Kong License for Retail Access News Aggregation Team Thursday, April 11, 2024 1:00 am http://asia.managersofwealth.com/article/73563/hashkey-upgrades-hong-kong-license-for-retail-access HashKey Capital has managed over $1 billion in client assets since its inception with over 500 investments in infrastructure, tools and applications. Legal, Regulation & Compliance Appleby's Hong Kong office advises Hotel101 on it's proposed USD2.3 Billion de-SPAC business combination with JVSPAC News Team Thursday, April 11, 2024 1:00 am http://asia.managersofwealth.com/article/73564/applebyamp039s-hong-kong-office-advises-hotel101-on-itamp039s-proposed-usd23-billion-de-spac-business-combination-with-jvspac The transaction is anticipated to be finalised in the second half of 2024 Legal, Regulation & Compliance MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity News Team Wednesday, April 10, 2024 1:00 am http://asia.managersofwealth.com/article/73556/mas-and-mastercard-sign-mou-to-enhance-cooperation-in-cybersecurity This collaboration is a significant step in that direction, and we are delighted to be the chosen partner for MAS. Legal, Regulation & Compliance Singapore to repeal Registered Fund Management Companies Regime News Team Wednesday, April 10, 2024 1:00 am http://asia.managersofwealth.com/article/73557/singapore-to-repeal-registered-fund-management-companies-regime This move aims to streamline regulations for fund managers. Legal, Regulation & Compliance UBS has considered an alternative for CS business in China News Aggregation Team Tuesday, April 09, 2024 1:00 am http://asia.managersofwealth.com/article/73551/ubs-has-considered-an-alternative-for-cs-business-in-china The major Swiss bank could sell its majority stake in the Credit Suisse (CS) securities trading joint venture in the People's Republic directly to a local government fund. Legal, Regulation & Compliance The Aussie wealthtech firms that are 'most innovative' News Aggregation Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73588/the-aussie-wealthtech-firms-that-are-amp039most-innovativeamp039 GBST also renewed a five-year contract with an Australian Tier 1 financial services organisation for its wealth management administration platform, Composer. FinTech SBI SECURITIES Selects Broadridge's Post-trade Solution for its Equities Brokerage Services in the UK News Team Tuesday, April 16, 2024 1:00 am http://asia.managersofwealth.com/article/73596/sbi-securities-selects-broadridgeamp039s-post-trade-solution-for-its-equities-brokerage-services-in-the-uk Broadridge has proven to be the partner of choice for us as we grow our business globally. FinTech Hong Kong Eyes Potential Crypto Boom Via ETFs News Aggregation Team Friday, April 12, 2024 1:00 am http://asia.managersofwealth.com/article/73576/hong-kong-eyes-potential-crypto-boom-via-etfs As of late, there has been increasing momentum about news related to the green-lighting of spot Bitcoin exchange-traded funds (ETF) in Hong Kong. FinTech PayPal given a special home in the NAB app News Team Wednesday, April 03, 2024 1:00 am http://asia.managersofwealth.com/article/73512/paypal-given-a-special-home-in-the-nab-app NAB Personal Everyday Banking Executive Paul Riley said customers were voting with their fingertips and adding NAB cards to PayPal via the app in droves. FinTech Singtel, SIM and UOB develop cyber scam preparedness programme for UOB’s 1,000 frontline staff News Team Wednesday, March 27, 2024 12:00 am http://asia.managersofwealth.com/article/73475/singtel-sim-and-uob-develop-cyber-scam-preparedness-programme-for-uobamprsquos-1000-frontline-staff This is an initiative by Singtel CSI and SIM to upskill and reskill employees of large enterprises FinTech Growth for Good: Supporting microfinance expansion in APAC News Team Friday, March 15, 2024 12:00 am http://asia.managersofwealth.com/article/73398/growth-for-good-supporting-microfinance-expansion-in-apac Temenos supports their work through our Inclusive Finance solution, which is trusted by over 330 non-bank financial institutions, community banks, credit unions and challenger banks in 53 countries worldwide. FinTech HKMA launches the stablecoin issuer sandbox arrangement News Team Wednesday, March 13, 2024 12:00 am http://asia.managersofwealth.com/article/73385/hkma-launches-the-stablecoin-issuer-sandbox-arrangement Applicants should have genuine interest in developing a stablecoin issuance business in Hong Kong with a reasonable business plan FinTech Currencycloud Facilitates Seamless Cross-Border Payments with Singapore MPI Licence News Aggregation Team Thursday, March 07, 2024 12:00 am http://asia.managersofwealth.com/article/73347/currencycloud-facilitates-seamless-cross-border-payments-with-singapore-mpi-licence For businesses in Singapore, customers can make conversions and payouts in their respective time zones and local currencies. FinTech CGS International Securities Expands Securities Finance Capabilities with Broadridge SFCM Solution News Team Monday, March 04, 2024 12:00 am http://asia.managersofwealth.com/article/73313/cgs-international-securities-expands-securities-finance-capabilities-with-broadridge-sfcm-solution Simplifying and optimizing operations while delivering transformation and innovation FinTech Stashaway’s Hong Kong Platform Gets Into Private Markets News Aggregation Team Wednesday, February 28, 2024 12:00 am http://asia.managersofwealth.com/article/73292/stashawayamprsquos-hong-kong-platform-gets-into-private-markets In 2021, finews.asia reported that Stashaway had rolled out its platform in Hong Kong after receiving a license to do so from the Securities and Futures Exchange. FinTech Fullerton Fund Management in Partnership with UNDP Launches Its Sustainability Management Framework for Private Equity Climate Investments News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73605/fullerton-fund-management-in-partnership-with-undp-launches-its-sustainability-management-framework-for-private-equity-climate-investments The framework offers private equity companies a roadmap to adopting practices that can help to accelerate their net zero goals. Alternative Investments WTW launches first fund for advisers News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73606/wtw-launches-first-fund-for-advisers It is the first time the institutional business has made a fund available for individual professional investors and it has already received over US$500 million ($772 million) in commitments ahead of launch. Alternative Investments Zurich Fintech Pioneer Becomes Adjunct Expert at Elite University in China News Aggregation Team Thursday, April 18, 2024 1:00 am http://asia.managersofwealth.com/article/73610/zurich-fintech-pioneer-becomes-adjunct-expert-at-elite-university-in-china Zhejiang University is among the top three universities in China. Alternative Investments Singapore's Cambridge Re Buys Second Aussie Education Property in Three Months News Aggregation Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73599/singaporeamp039s-cambridge-re-buys-second-aussie-education-property-in-three-months The Cambridge’s latest pickup is Hastings Village Alternative Investments New universal life plans gain ground as Singapore insurers woo the rich News Aggregation Team Monday, April 08, 2024 1:00 am http://asia.managersofwealth.com/article/73541/new-universal-life-plans-gain-ground-as-singapore-insurers-woo-the-rich Market players told The Straits Times that demand from the ultra-high-net-worth set has grown in the past few years as members of the group seek to preserve their wealth and plan their bequests. Alternative Investments Group of trusts issuing new shares despite industry discounts widening News Aggregation Team Friday, April 05, 2024 1:00 am http://asia.managersofwealth.com/article/73526/group-of-trusts-issuing-new-shares-despite-industry-discounts-widening JP Morgan Global Growth & Income, Ashoka India Equity and Invesco Bond Income Plus among issuers Alternative Investments Resolution Life to buy New Zealand life insurer for $247m News Aggregation Team Friday, April 05, 2024 1:00 am http://asia.managersofwealth.com/article/73528/resolution-life-to-buy-new-zealand-life-insurer-for-247m Our growth is predominantly through the acquisition of in-force portfolios of life insurance policies as well as remaining open to growing new business in select strategic markets. Alternative Investments Uluwatu appoints Apex Group to provide fund administration services News Team Thursday, April 04, 2024 1:00 am http://asia.managersofwealth.com/article/73519/uluwatu-appoints-apex-group-to-provide-fund-administration-services The firm focuses on investments across three principal sectors – digital economy, financial services, and consumer and lifestyle. Alternative Investments Briggs joins speaker lineup at Australian Wealth Management Summit 2024 News Aggregation Team Thursday, March 28, 2024 12:00 am http://asia.managersofwealth.com/article/73487/briggs-joins-speaker-lineup-at-australian-wealth-management-summit-2024 Briggs will take a big picture view of emerging growth opportunities in the financial services industry Alternative Investments Ping An, China’s largest insurer, is exploring ways to expand in Hong Kong and Greater Bay Area, co-CEO says News Aggregation Team Monday, March 25, 2024 12:00 am http://asia.managersofwealth.com/article/73458/ping-an-chinaamprsquos-largest-insurer-is-exploring-ways-to-expand-in-hong-kong-and-greater-bay-area-co-ceo-says Greater Bay Area, including Hong Kong, is going to be the centre of wealth creation Alternative Investments HK Budget 2024-25: A Closer Look at the Tax Reforms News Team Wednesday, March 06, 2024 12:00 am http://asia.managersofwealth.com/article/73340/hk-budget-2024-25-a-closer-look-at-the-tax-reforms According to the government, this change will primarily affect some of the city's wealthiest individuals, impacting around 12,000 taxpayers Tax Hong Kong to enhance family office tax breaks News Aggregation Team Thursday, February 29, 2024 12:00 am http://asia.managersofwealth.com/article/73297/hong-kong-to-enhance-family-office-tax-breaks Budget 2024 revealed further enhancements to preferential tax regimes for family offices, which includes increasing more types of qualifying transactions. Tax Singapore Budget 2024: Extension and Refinement of Singapore Fund Tax Incentive Schemes News Team Tuesday, February 20, 2024 12:00 am http://asia.managersofwealth.com/article/73231/singapore-budget-2024-extension-and-refinement-of-singapore-fund-tax-incentive-schemes One key enhancement to the Resident Fund Tax Incentive Scheme with effect from 1 January 2025 Tax SMSFA prepares delegates for major super tax reform News Aggregation Team Monday, February 05, 2024 12:00 am http://asia.managersofwealth.com/article/73139/smsfa-prepares-delegates-for-major-super-tax-reform This topic is an underlying theme throughout the conference. Tax Fidinam Moves Office in Shanghai and Expands Team News Aggregation Team Wednesday, December 27, 2023 12:00 am http://asia.managersofwealth.com/article/72890/fidinam-moves-office-in-shanghai-and-expands-team Alongside the move, the firm has also expanded its workforce, reinforcing its commitment to serving its growing client portfolio in mainland China. Tax House taxwriters approve US-Taiwan tax pact News Team Monday, December 04, 2023 12:00 am http://asia.managersofwealth.com/article/72761/house-taxwriters-approve-us-taiwan-tax-pact The breakthrough on the tax agreement, which is of particular importance to the semiconductor industry the US is looking to strengthen, could mean that a bill makes its way to the president before year-end. Tax Undeclared income of Japan's wealthy hits record high News Aggregation Team Friday, November 24, 2023 12:00 am http://asia.managersofwealth.com/article/72702/undeclared-income-of-japanamp039s-wealthy-hits-record-high An agency official said the overall increase was led by the undeclared income of affluent individuals mainly boosted by profits from their investments abroad amid a weak yen. Tax KPMG Welcomes Hong Kong’s Tax-related and Talent Policies: A Step in the Right Direction News Aggregation Team Monday, October 30, 2023 12:00 am http://asia.managersofwealth.com/article/72528/kpmg-welcomes-hong-kongamprsquos-tax-related-and-talent-policies-a-step-in-the-right-direction These initiatives mark a significant step forward in addressing key challenges faced by the city. Tax Swiss private lender UBP says Hong Kong’s family office incentives are attracting interest from wealthy mainland Chinese, overseas clients News Aggregation Team Monday, September 18, 2023 1:00 am http://asia.managersofwealth.com/article/72221/swiss-private-lender-ubp-says-hong-kongamprsquos-family-office-incentives-are-attracting-interest-from-wealthy-mainland-chinese-overseas-clients The Geneva-headquartered bank has hired 10 senior bankers to tap wealthy clients in mainland China, Hong Kong, Taiwan and other Asian markets for the setting up of family offices in the city Tax Top 6 Countries With Zero Sales Tax News Aggregation Team Monday, September 04, 2023 1:00 am http://asia.managersofwealth.com/article/72120/top-6-countries-with-zero-sales-tax A few experts told GOBankingRates their thoughts and opinions on the top six countries with zero sales tax. Tax China - Quarterly GDP growth up as expected, March data disappoint News Team Wednesday, April 17, 2024 1:00 am http://asia.managersofwealth.com/article/73601/china-quarterly-gdp-growth-up-as-expected-march-data-disappoint The upward revisions in previous quarters resulted in annual GDP growth coming in stronger than expected, at 5.3% yoy Comment, Analysis & Research Asia Pacific saw largest y-o-y decline in fintech funding in 1Q2024: S&P Global Market Intelligence News Aggregation Team Monday, April 15, 2024 1:00 am http://asia.managersofwealth.com/article/73579/asia-pacific-saw-largest-y-o-y-decline-in-fintech-funding-in-1q2024-sampampp-global-market-intelligence Compared to the previous quarter, fintech funding value was flat while deal count grew by 13% y-o-y. Comment, Analysis & Research Singapore investors remain active, and excited about AI and structural themes News Team Monday, April 15, 2024 1:00 am http://asia.managersofwealth.com/article/73582/singapore-investors-remain-active-and-excited-about-ai-and-structural-themes A survey by Fullerton Fund Management found that 97% were actively invested in the past 12 months, with the majority favouring a mix of safe haven assets and equities Comment, Analysis & Research Evolving the Platform and Proposition: Enhancing the Client Experience in Philippine Wealth Management News Aggregation Team Wednesday, April 10, 2024 1:00 am http://asia.managersofwealth.com/article/73558/evolving-the-platform-and-proposition-enhancing-the-client-experience-in-philippine-wealth-management During the second panel discussion of the recent Hubbis Philippines Wealth Management Forum, Robert offered some valuable perspectives and a good dose of optimism to delegates and fellow panellists. Comment, Analysis & Research Jamie Dimon Calls for Toughness Against China News Aggregation Team Tuesday, April 09, 2024 1:00 am http://asia.managersofwealth.com/article/73548/jamie-dimon-calls-for-toughness-against-china This was primarily in the context of geopolitics and competition between the US and China, which he called the only other potential superpower. Comment, Analysis & Research Ex-Singapore Foreign Minister: China Prefers Trump News Aggregation Team Monday, April 08, 2024 1:00 am http://asia.managersofwealth.com/article/73540/ex-singapore-foreign-minister-china-prefers-trump Geopolitical risks are increasing all over the world with the top issue firmly spotlighted on US-China relations. Comment, Analysis & Research How to trade your dragon News Team Thursday, April 04, 2024 1:00 am http://asia.managersofwealth.com/article/73515/how-to-trade-your-dragon For decades, investors thought they had grasped how to make long-term returns on China’s equity market. Comment, Analysis & Research From trading to pure play: UBP’s Ivan Wong shares the beauty of a boutique bank News Team Tuesday, April 02, 2024 1:00 am http://asia.managersofwealth.com/article/73500/from-trading-to-pure-play-ubpamprsquos-ivan-wong-shares-the-beauty-of-a-boutique-bank Wong joined the bank from HSBC Global Private Banking, where he spent over 20 years. Comment, Analysis & Research Capital Group: all Hong Kong HNWIs currently have large cash holdings News Aggregation Team Thursday, March 28, 2024 12:00 am http://asia.managersofwealth.com/article/73480/capital-group-all-hong-kong-hnwis-currently-have-large-cash-holdings Capital Group's survey shows that 100% of Hong Kong high-net-worth investors currently have at least 10% of their portfolio held in cash. Comment, Analysis & Research Navigating market highs with hedge funds News Team Thursday, March 28, 2024 12:00 am http://asia.managersofwealth.com/article/73481/navigating-market-highs-with-hedge-funds All-time highs often generate investor concern that markets have peaked. Comment, Analysis & Research Regional banks dying a slow death News Aggregation Team Monday, April 15, 2024 1:00 am http://asia.managersofwealth.com/article/73581/regional-banks-dying-a-slow-death The country’s smaller banks have a bleak future due to higher cost of funds, excessive capital requirements, costly technology upgrades and lack of scale. But will regulators do anything about it? Retail Banking HSBC Kicks Off Major Summit in Hong Kong News Aggregation Team Monday, April 08, 2024 1:00 am http://asia.managersofwealth.com/article/73536/hsbc-kicks-off-major-summit-in-hong-kong The summit is held days after the bank’s flagship sports event «HSBC Hong Kong Rugby Sevens» which lasted from April 5 to 7. Retail Banking DeFi Meets TradFi: Hong Kong's ZA Bank Targets Stablecoin Issuers News Aggregation Team Monday, April 08, 2024 1:00 am http://asia.managersofwealth.com/article/73538/defi-meets-tradfi-hong-kongamp039s-za-bank-targets-stablecoin-issuers The bank has facilitated transfers exceeding $1 billion from over 100 Web 3 clients. Retail Banking Brunei Darussalam Central Bank and Bank of the Lao PDR Formally Join the Regional Payment Connectivity Initiative News Aggregation Team Friday, April 05, 2024 1:00 am http://asia.managersofwealth.com/article/73527/brunei-darussalam-central-bank-and-bank-of-the-lao-pdr-formally-join-the-regional-payment-connectivity-initiative The inclusion of BDCB and BOL bring the RPC group to a total of eight ASEAN central banks. Retail Banking HDBank announces financial statements with profit of $524 million, ROE 24.2%, releases 2024 ESG report News Aggregation Team Thursday, April 04, 2024 1:00 am http://asia.managersofwealth.com/article/73521/hdbank-announces-financial-statements-with-profit-of-524-million-roe-242-releases-2024-esg-report In 2023 the bank pioneered upgrading to Basel III international governance standards and embracing an environmental, social and governance (ESG) strategy. Retail Banking Australian banks risk alienating regional communities amid branch network cuts News Team Tuesday, April 02, 2024 1:00 am http://asia.managersofwealth.com/article/73501/australian-banks-risk-alienating-regional-communities-amid-branch-network-cuts The lenders defended the branch closures as a response to a changing customer base that relies more on digital services than physical banking. Retail Banking Metrobank named top lender for PH ultra-rich News Aggregation Team Thursday, March 28, 2024 12:00 am http://asia.managersofwealth.com/article/73484/metrobank-named-top-lender-for-ph-ultra-rich The Banker recognized Metrobank as the Philippines’ Bank of the Year for 2022 and 2023. Retail Banking Ty-blings’ Metrobank retains crown as Best Private Bank for ultra rich Pinoys News Aggregation Team Thursday, March 28, 2024 12:00 am http://asia.managersofwealth.com/article/73488/ty-blingsamprsquo-metrobank-retains-crown-as-best-private-bank-for-ultra-rich-pinoys The Banker recognized Metrobank’s excellence with “Bank of the Year” in the Philippines for both 2022 and 2023. Retail Banking Philippines' Metrobank partners with CBTW to transform its wealth management technology News Team Monday, March 11, 2024 12:00 am http://asia.managersofwealth.com/article/73364/philippinesamp039-metrobank-partners-with-cbtw-to-transform-its-wealth-management-technology Metrobank and CBTW are implementing Temenos Wealth to improve Metrobank's operational efficiency, elevate the customer experience, and accelerate business growth. Retail Banking CBA and Microsoft deepens Gen AI partnership News Team Monday, March 11, 2024 12:00 am http://asia.managersofwealth.com/article/73366/cba-and-microsoft-deepens-gen-ai-partnership Generative AI and cyber security initiatives to deliver more for customers. Retail Banking Julius Baer Relocates Singapore Office News Aggregation Team Thursday, April 11, 2024 1:00 am http://asia.managersofwealth.com/article/73565/julius-baer-relocates-singapore-office This is the Swiss bank’s second office in the city-state, alongside its first office for frontline colleagues at Marina One. Investment Bank Nomura Announces Group Purpose News Team Monday, April 01, 2024 1:00 am http://asia.managersofwealth.com/article/73496/nomura-announces-group-purpose Nomura is dedicated to the tenets embodied in its Founder's Principles and the unwavering values ingrained in its Corporate Philosophy. Investment Bank More India Banking Expansion Expected in 2024 News Aggregation Team Monday, March 25, 2024 12:00 am http://asia.managersofwealth.com/article/73460/more-india-banking-expansion-expected-in-2024 As China’s economy shows slow signs of recovery, global banks are putting their bet on India as an alternative source of growth in Asia. Investment Bank Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme News Aggregation Team Thursday, March 07, 2024 12:00 am http://asia.managersofwealth.com/article/73345/wealthy-clients-turn-to-hsbc-manulife-bank-of-china-amid-heightened-interest-in-hong-kongamprsquos-cash-for-residency-scheme Financial firms flooded with inquiries after government started accepting applications under the revamped investment migration programme Investment Bank Hong Kong Bankers Beat Singapore in Pay News Aggregation Team Wednesday, February 21, 2024 12:00 am http://asia.managersofwealth.com/article/73244/hong-kong-bankers-beat-singapore-in-pay The trend extends to private banking where Singapore has been frequently featured in headlines for successfully attracting inflows and wealthy individuals in recent years. Investment Bank Japan's Mizuho hunting for deals to bolster asset management business News Aggregation Team Thursday, January 18, 2024 12:00 am http://asia.managersofwealth.com/article/73030/japanamp039s-mizuho-hunting-for-deals-to-bolster-asset-management-business The target includes private assets, which Mizuho hopes to boost from about 4 trillion yen to around 20 trillion yen. Investment Bank Indian Investment Bank Launches Hiring Spree News Aggregation Team Tuesday, January 09, 2024 12:00 am http://asia.managersofwealth.com/article/72965/indian-investment-bank-launches-hiring-spree Following the new hires, ICICI Securities’ headcount will rise to 190. Investment Bank Citi to Reportedly Launch China Investment Bank News Aggregation Team Monday, January 08, 2024 12:00 am http://asia.managersofwealth.com/article/72959/citi-to-reportedly-launch-china-investment-bank Citi has already hired a chief executive, chief financial officer and chief compliance officer for the upcoming investment bank. Investment Bank Deutsche Bank strengthens Shariah custody offering in Southeast Asia News Team Tuesday, December 12, 2023 12:00 am http://asia.managersofwealth.com/article/72813/deutsche-bank-strengthens-shariah-custody-offering-in-southeast-asia Bank partners with CIMB to offer capabilities in Malaysia and launches new product in Singapore Investment Bank Deutsche Bank’s second Panda Bond issuance on China’s Interbank Bond Market News Team Friday, December 08, 2023 12:00 am http://asia.managersofwealth.com/article/72795/deutsche-bankamprsquos-second-panda-bond-issuance-on-chinaamprsquos-interbank-bond-market China has made continuous progress with improving its regulatory framework for Panda Bonds. Investment Bank 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 Japan stakes its future on climate innovation to help Asia become greener News Aggregation Team Monday, February 12, 2024 12:00 am http://asia.managersofwealth.com/article/73186/japan-stakes-its-future-on-climate-innovation-to-help-asia-become-greener Japan was decades ahead of its time on hydrogen, having begun exploring the possible energy source 50 years ago Planet SOS Singapore Launches Sustainable Finance Association News Aggregation Team Friday, January 26, 2024 12:00 am http://asia.managersofwealth.com/article/73085/singapore-launches-sustainable-finance-association The association will also be supported by a dedicated secretariat team led by SSFA director Kavitha Menon. Planet SOS ASX selected to develop local carbon exchange News Aggregation Team Friday, January 12, 2024 12:00 am http://asia.managersofwealth.com/article/72997/asx-selected-to-develop-local-carbon-exchange CER first sought expressions of interest for participants to develop Australia's first carbon exchange in 2021, with ASX being one of 27 to apply. Planet SOS ‘Wealth for Green’: Australian family office Twynam Group to raise US$50 million for Hong Kong, Greater Bay Area decarbonisation fund News Aggregation Team Friday, January 05, 2024 12:00 am http://asia.managersofwealth.com/article/72935/amplsquowealth-for-greenamprsquo-australian-family-office-twynam-group-to-raise-us50-million-for-hong-kong-greater-bay-area-decarbonisation-fund Twynam will raise funds in Hong Kong as it eyes Greater Bay Area start-ups as investment targets Planet SOS ASIC issues infringement notice to Northern Trust Asset Management for greenwashing News Team Tuesday, December 19, 2023 12:00 am http://asia.managersofwealth.com/article/72867/asic-issues-infringement-notice-to-northern-trust-asset-management-for-greenwashing ASIC was concerned the information in the PDSs was misleading because the Carbon Emissions Exclusion Screen was not properly applied. Planet SOS Herbert Smith Freehills identifies quick wins to speed up clean energy project approvals in NSW News Team Thursday, December 14, 2023 12:00 am http://asia.managersofwealth.com/article/72835/herbert-smith-freehills-identifies-quick-wins-to-speed-up-clean-energy-project-approvals-in-nsw Herbert Smith Freehills and Clean Energy Investor Group has today released the Delivering Major Clean Energy Projects in NSW report Planet SOS The L’Oréal Fund for Nature Regeneration partners with the Great Barrier Reef Foundation News Team Wednesday, December 13, 2023 12:00 am http://asia.managersofwealth.com/article/72823/the-lamprsquoorampeacuteal-fund-for-nature-regeneration-partners-with-the-great-barrier-reef-foundation By supporting such innovative initiatives in emerging and developed countries, private and corporate investors contribute to the transition towards a fairer, more sustainable economy Planet SOS