Managers of Wealth - Asia http://asia.managersofwealth.com/ Sun, 01 Jun 2025 02:19:27 BST part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Ex-DBS PB Thai team head sues two ex-banking colleagues News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76122/ex-dbs-pb-thai-team-head-sues-two-ex-banking-colleagues The former team head, who left DBS earlier this year, is suing two relationship managers at the bank, accusing them of defamation. Wealth and Asset Management NWD Troubles Give Hong Kong Banks the Jitters News Aggregation Team Thursday, May 29, 2025 1:00 am http://asia.managersofwealth.com/article/76111/nwd-troubles-give-hong-kong-banks-the-jitters More broadly, banks have been generally facing a rise in non-performing loans from Hong Kong’s commercial real estate sector. Wealth and Asset Management Nomura Asset Management Celebrates Major Wins at the EPF External Fund Managers Awards 2024 with Five Prestigious Honors News Team Wednesday, May 28, 2025 1:00 am http://asia.managersofwealth.com/article/76109/nomura-asset-management-celebrates-major-wins-at-the-epf-external-fund-managers-awards-2024-with-five-prestigious-honors Nomura Asset Management Malaysia and Nomura Islamic Asset Management remain committed to pushing the boundaries of performance, resilience, and innovation in asset management, striving not just to meet expectations, but also to exceed them. Wealth and Asset Management Wealth manager highlights opportune chance to invest News Aggregation Team Wednesday, May 28, 2025 1:00 am http://asia.managersofwealth.com/article/76110/wealth-manager-highlights-opportune-chance-to-invest The joint venture harnesses the strengths of both partners to offer world-class private banking services, bringing global wealth management excellence to the Thai market. Wealth and Asset Management Hong Leong Bank Enhances HLB Private Bank and Regional Wealth Management with Strategic Alliance with Lombard Odier News Team Tuesday, May 27, 2025 1:00 am http://asia.managersofwealth.com/article/76093/hong-leong-bank-enhances-hlb-private-bank-and-regional-wealth-management-with-strategic-alliance-with-lombard-odier Integrating A Strategic Alliance with Swiss Private Bank Lombard Odier, Key Talent Acquisitions, Development Programs, and AI Tools, the Bank is Poised to Accelerate its Regional Wealth Management Proposition Wealth and Asset Management HSBC Launches One-Bank Entrepreneur Programs News Aggregation Team Thursday, May 22, 2025 1:00 am http://asia.managersofwealth.com/article/76076/hsbc-launches-one-bank-entrepreneur-programs Asian wealth is largely powered by money from family businesses and entrepreneurs. Wealth and Asset Management JPMAM actively seeking strategic partnerships in wealth management News Aggregation Team Thursday, May 22, 2025 1:00 am http://asia.managersofwealth.com/article/76077/jpmam-actively-seeking-strategic-partnerships-in-wealth-management The partnership is part of a broader relationship that also includes providing Coutts’s clients with information through JPMAM’s Market Insights program. Wealth and Asset Management Indonesia’s best Islamic bank for wealth management 2025: Bank Syariah News Aggregation Team Thursday, May 22, 2025 1:00 am http://asia.managersofwealth.com/article/76084/indonesiaamprsquos-best-islamic-bank-for-wealth-management-2025-bank-syariah The customer base expanded to 69,604, supported by a 127% increase in new investors. Wealth and Asset Management Ex-Private Banker Completes Buyout of OLZ’s Hong Kong Unit News Aggregation Team Wednesday, May 21, 2025 1:00 am http://asia.managersofwealth.com/article/76064/ex-private-banker-completes-buyout-of-olzamprsquos-hong-kong-unit The purpose of the buyout is to further expand and strengthen the local business presence with Yong-Haron's dedicated team, enabling increased flexibility and responsiveness to clients’ evolving needs in the region. Wealth and Asset Management Hong Kong: The Premier Hub for Wealth Management Expansion in Asia News Aggregation Team Wednesday, May 21, 2025 1:00 am http://asia.managersofwealth.com/article/76067/hong-kong-the-premier-hub-for-wealth-management-expansion-in-asia The fast-growing wealth management firm WRISE Group eyes further growth opportunities in Hong Kong and the broader Asian market. Wealth and Asset Management Julius Baer Appoints Sacha Walker as Global Head of Strategy & Business Management News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76119/julius-baer-appoints-sacha-walker-as-global-head-of-strategy-ampamp-business-management The new role will see him focus on fostering cross-regional collaboration across Julius Baer’s global operations. Executive Moves Wealth manager appoints head of risk News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76120/wealth-manager-appoints-head-of-risk Alexandria Thomaschuetz joined the firm in March from Professional Wealth Services in Sydney where she worked for five years. Executive Moves Leadership Change at JPMorgan Asset Management: Chng Chia Chia Departs as Asia Head of Private Bank Distribution News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76121/leadership-change-at-jpmorgan-asset-management-chng-chia-chia-departs-as-asia-head-of-private-bank-distribution Chng joined JPMAM in 2015, bringing experience from roles at NN Investment Partners and Prudential Asset Management. Executive Moves Aberdeen Appoints APAC Head of Equities News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76123/aberdeen-appoints-apac-head-of-equities Aberdeen Investments has appointed Pruksa Iamthongthong as head of equities, Asia Pacific, Executive Moves BlackRock hires Housing Australia treasury chief News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76124/blackrock-hires-housing-australia-treasury-chief BlackRock said the new fixed-income head will draw on her deep industry expertise to enhance the firm's full suite of fixed-income offerings in the region. Executive Moves Paragon Capital Management Appoints Trevor Lau as Managing Director to Drive Strategic Growth News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76126/paragon-capital-management-appoints-trevor-lau-as-managing-director-to-drive-strategic-growth He will be based in Singapore Executive Moves PAG appoints Nikhil Srivastava as Co-Head of Private Equity News Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76127/pag-appoints-nikhil-srivastava-as-co-head-of-private-equity Nikhil has played a pivotal role in building and scaling PAG’s India private equity platform. Executive Moves Challenger adds to board director lineup News Aggregation Team Thursday, May 29, 2025 1:00 am http://asia.managersofwealth.com/article/76112/challenger-adds-to-board-director-lineup He also served as chief executive and managing director of law firm Slater and Gordon. Executive Moves Aware Super recruits Marsh McLennan risk specialist News Aggregation Team Thursday, May 29, 2025 1:00 am http://asia.managersofwealth.com/article/76118/aware-super-recruits-marsh-mclennan-risk-specialist The $200 billion industry fund has appointed Norlena Brouwer as head of business risk and compliance for enablement, transformation and performance. Executive Moves GSAM bolsters third-party wealth team with key hires News Aggregation Team Wednesday, May 28, 2025 1:00 am http://asia.managersofwealth.com/article/76102/gsam-bolsters-third-party-wealth-team-with-key-hires Sabrina Gan, GSAM's Asia Pacific ex-Japan head of third party wealth, is growing her team with two distribution hires. Executive Moves ASIC sues Blockchain Global former director for multiple directors' duties breaches News Team Thursday, May 29, 2025 1:00 am http://asia.managersofwealth.com/article/76116/asic-sues-blockchain-global-former-director-for-multiple-directorsamp039-duties-breaches The liquidators of Blockchain Global estimate that the company owes over $20 million in unsecured creditor claims to former customers of the ACX Exchange. Legal, Regulation & Compliance Dentons recognised in second annual Best Law Firms in Australia accolades News Team Thursday, May 29, 2025 1:00 am http://asia.managersofwealth.com/article/76117/dentons-recognised-in-second-annual-best-law-firms-in-australia-accolades Dentons was recognised across 13 areas of law nationally, and 61 areas across Adelaide, Brisbane, Melbourne, Perth and Sydney. Legal, Regulation & Compliance Five Carey Olsen lawyers star in Asian Legal Business Offshore Client Choice list 2025 News Team Thursday, May 22, 2025 1:00 am http://asia.managersofwealth.com/article/76075/five-carey-olsen-lawyers-star-in-asian-legal-business-offshore-client-choice-list-2025 This year Carey Olsen has the greatest number of individuals named on the list, with 20 offshore lawyers recognised by ALB in total, and is the only firm with counsel recognised in addition to partners. Legal, Regulation & Compliance IQ-EQ shortlisted for two categories in 2025 HFM Asia Services Awards News Team Monday, May 19, 2025 1:00 am http://asia.managersofwealth.com/article/76053/iq-eq-shortlisted-for-two-categories-in-2025-hfm-asia-services-awards The two award categories we’ve been shortlisted for acknowledge firms that are delivering excellence in regulatory and compliance advisory services Legal, Regulation & Compliance Macquarie statement on ASIC civil proceedings News Team Friday, May 16, 2025 1:00 am http://asia.managersofwealth.com/article/76045/macquarie-statement-on-asic-civil-proceedings The reporting issues identified in the proceedings have been remediated with additional controls implemented. Legal, Regulation & Compliance SFC and ADGM’s FSRA enhances regulatory cooperation on supervision of cross-border investment management activity News Team Thursday, May 15, 2025 1:00 am http://asia.managersofwealth.com/article/76035/sfc-and-adgmamprsquos-fsra-enhances-regulatory-cooperation-on-supervision-of-cross-border-investment-management-activity The MoU provides for a framework for consultation, cooperation and exchange of information in connection with supervision Legal, Regulation & Compliance “Keeping the Ingredients for a Resilient System in Balance” - Opening Remarks by Mr Marcus Lim, Assistant Managing Director (Banking & Insurance), MAS News Team Friday, May 09, 2025 1:00 am http://asia.managersofwealth.com/article/75998/ampldquokeeping-the-ingredients-for-a-resilient-system-in-balanceamprdquo-opening-remarks-by-mr-marcus-lim-assistant-managing-director-banking-ampamp-insurance-mas Since its launch in April 2024, Singapore and France have embarked on a series of collaborations across areas such as the circular economy, renewable energy and sustainable shipping. Legal, Regulation & Compliance HKMA’s Response to US Fed’s Interest Rate Decision News Team Thursday, May 08, 2025 1:00 am http://asia.managersofwealth.com/article/75990/hkmaamprsquos-response-to-us-fedamprsquos-interest-rate-decision The policy decision is in line with market expectations. Legal, Regulation & Compliance SFC’s senior executives visit Abu Dhabi and Dubai to promote collaboration on virtual assets News Team Wednesday, May 07, 2025 1:00 am http://asia.managersofwealth.com/article/75982/sfcamprsquos-senior-executives-visit-abu-dhabi-and-dubai-to-promote-collaboration-on-virtual-assets The endeavours of the SFC align with the SFC’s broader policy to deepen its overseas networks. Legal, Regulation & Compliance Allens advises TA Associates on investment in leading NZ wealth manager News Team Tuesday, May 06, 2025 1:00 am http://asia.managersofwealth.com/article/75974/allens-advises-ta-associates-on-investment-in-leading-nz-wealth-manager Alongside Chapman Tripp, Allens advised on all aspects of the transaction. Legal, Regulation & Compliance Deutsche Bank partners with finaXai on token fund servicing News Aggregation Team Tuesday, May 27, 2025 1:00 am http://asia.managersofwealth.com/article/76101/deutsche-bank-partners-with-finaxai-on-token-fund-servicing It will assess the integration of machine learning and large language models into asset servicing workflows. FinTech MUFG Bank to Use Startup Sakana’s AI to Boost Operations News Aggregation Team Tuesday, May 20, 2025 1:00 am http://asia.managersofwealth.com/article/76060/mufg-bank-to-use-startup-sakanaamprsquos-ai-to-boost-operations MUFG Bank Ltd. will use Sakana AI’s reasoning models to deploy internal software to support the bank’s decision-making processes under a three-year contract, the startup wrote in a blog post Monday. FinTech Vietnam’s finance sector faces digitalisation challenges despite eased regulation News Aggregation Team Thursday, May 15, 2025 1:00 am http://asia.managersofwealth.com/article/76036/vietnamamprsquos-finance-sector-faces-digitalisation-challenges-despite-eased-regulation Industry experts discuss how to navigate Vietnam’s challenging digital landscape at the Asia Banking and Finance and Insurance Summit. FinTech Jackson Ng of Azimut Investment Management: Driving Practical AI Innovation in Wealth Management News Aggregation Team Wednesday, May 14, 2025 1:00 am http://asia.managersofwealth.com/article/76022/jackson-ng-of-azimut-investment-management-driving-practical-ai-innovation-in-wealth-management His message was direct: in a world of limitless technological possibilities, wealth managers must prioritise value creation and approach AI adoption with focus, agility, and pragmatism. FinTech Silverlake and Huawei Cloud to Develop AI-Driven Core Banking Platform News Aggregation Team Wednesday, May 14, 2025 1:00 am http://asia.managersofwealth.com/article/76026/silverlake-and-huawei-cloud-to-develop-ai-driven-core-banking-platform The partnership aims to streamline banking operations, strengthen cybersecurity, and support digital transformation efforts across the financial sector. FinTech Crypto platform FalconX partners with Standard Chartered News Aggregation Team Wednesday, May 14, 2025 1:00 am http://asia.managersofwealth.com/article/76027/crypto-platform-falconx-partners-with-standard-chartered The partnership marks FalconX's first collaboration with a global traditional bank and suggests growing institutional demand for digital assets through traditional finance channels. FinTech Criminal attacks, human error drive data breaches News Aggregation Team Wednesday, May 14, 2025 1:00 am http://asia.managersofwealth.com/article/76028/criminal-attacks-human-error-drive-data-breaches Malicious and criminal attacks were the main source of breaches. FinTech Bhutan Enables Tourists to Pay with Crypto for Everything from Visas to Street Vendors News Aggregation Team Tuesday, May 13, 2025 1:00 am http://asia.managersofwealth.com/article/76012/bhutan-enables-tourists-to-pay-with-crypto-for-everything-from-visas-to-street-vendors Over 100 merchants across Bhutan have been onboarded. FinTech Australian banks prioritise digital overhaul to meet demands News Aggregation Team Tuesday, May 13, 2025 1:00 am http://asia.managersofwealth.com/article/76014/australian-banks-prioritise-digital-overhaul-to-meet-demands The report underscores that customer expectations are changing rapidly, prompting banks to rethink their approaches. FinTech Inside Bank of Singapore’s data-driven transformation News Aggregation Team Friday, May 09, 2025 1:00 am http://asia.managersofwealth.com/article/75994/inside-bank-of-singaporeamprsquos-data-driven-transformation Initially hired to craft the bank’s data strategy and lead its innovation lab, Ms Le Cotonnec soon found that the two efforts were inseparable, especially with the rise of AI. FinTech BNP Paribas Survey: Investors Deepen ESG Focus, With Private Capital Gaining Prominence News Aggregation Team Thursday, May 29, 2025 1:00 am http://asia.managersofwealth.com/article/76113/bnp-paribas-survey-investors-deepen-esg-focus-with-private-capital-gaining-prominence In particular, private capital managers are deepening their involvement as they recognise the opportunities around the shift to a low-carbon economy. Alternative Investments Should HNW Clients Follow the Corporate Crypto Treasury Trend? News Aggregation Team Thursday, May 29, 2025 1:00 am http://asia.managersofwealth.com/article/76115/should-hnw-clients-follow-the-corporate-crypto-treasury-trend The move follows similar strategies by other companies seeking to diversify reserves and generate digital yield. Alternative Investments AB: Asset-based finance adds diversity to private credit mix News Aggregation Team Wednesday, May 28, 2025 1:00 am http://asia.managersofwealth.com/article/76105/ab-asset-based-finance-adds-diversity-to-private-credit-mix This growing market segment offers an appealing, untapped opportunity for private lenders and investors, according to alternatives investment strategist Brian Resnick. Alternative Investments Super legislation changes fuelling alternative investment structures: CEO News Team Wednesday, May 28, 2025 1:00 am http://asia.managersofwealth.com/article/76106/super-legislation-changes-fuelling-alternative-investment-structures-ceo This rethink by financial advisers and investors is reflected in Generation Life’s inflows Alternative Investments Axa moves insurance unit to Hong Kong News Aggregation Team Wednesday, May 28, 2025 1:00 am http://asia.managersofwealth.com/article/76107/axa-moves-insurance-unit-to-hong-kong The move comes as Hong Kong positions itself more aggressively as a reinsurance and risk management hub in the Asia-Pacific region Alternative Investments AllianzGI expands into active ETF space with inaugural launch in Taiwan News Team Wednesday, May 28, 2025 1:00 am http://asia.managersofwealth.com/article/76108/allianzgi-expands-into-active-etf-space-with-inaugural-launch-in-taiwan This marks AllianzGI’s entry into the global active ETF market and underscores its commitment to innovation and long-term growth in Asia Alternative Investments Malaysia and Singapore boost digital trade connectivity News Aggregation Team Tuesday, May 27, 2025 1:00 am http://asia.managersofwealth.com/article/76097/malaysia-and-singapore-boost-digital-trade-connectivity The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region's push for trade facilitation and supply chain resilience. Alternative Investments Strengthening of Strategic Capital and Business Alliance with Asuene News Team Tuesday, May 27, 2025 1:00 am http://asia.managersofwealth.com/article/76098/strengthening-of-strategic-capital-and-business-alliance-with-asuene SMBC and Asuene firstly entered a strategic capital and business alliance in June 2024. Alternative Investments StanChart steps up as Asean’s gateway to the Gulf as Islamic finance matures News Aggregation Team Tuesday, May 27, 2025 1:00 am http://asia.managersofwealth.com/article/76100/stanchart-steps-up-as-aseanamprsquos-gateway-to-the-gulf-as-islamic-finance-matures Malaysia’s Asean chairmanship is an opportunity for the bank to develop its Asean-Gulf Cooperation Council corridor, says coverage chief Chow Wan Thonh Alternative Investments Korea’s GEPS seeks bids for alternative investment services mandate News Aggregation Team Friday, May 23, 2025 1:00 am http://asia.managersofwealth.com/article/76086/koreaamprsquos-geps-seeks-bids-for-alternative-investment-services-mandate Asset managers bidding for the mandate must have at least three years of experience providing investment custody and administration services for overseas alternative assets. Alternative Investments Michael Velten Launches Velten Advisors News Aggregation Team Monday, April 28, 2025 1:00 am http://asia.managersofwealth.com/article/75913/michael-velten-launches-velten-advisors Velten Advisors offers bespoke, commercially grounded advice, combining technical insight with digital tools to help clients navigate complex tax and governance challenges with greater clarity and confidence. Tax Seizing the reinvention potential: PwC launches new immersive business technology experience News Team Thursday, December 12, 2024 12:00 am http://asia.managersofwealth.com/article/75134/seizing-the-reinvention-potential-pwc-launches-new-immersive-business-technology-experience The first iteration of this space has been designed in collaboration with PwC alliance partner Microsoft. Tax New global minimum tax rules set to start in Hong Kong in 2025 News Team Wednesday, November 20, 2024 12:00 am http://asia.managersofwealth.com/article/74994/new-global-minimum-tax-rules-set-to-start-in-hong-kong-in-2025 In response to stakeholders’ feedback, the Government is following up with some changes to its tax administration regime. Tax Tax and business insights from Hong Kong’s latest Policy Address News Team Tuesday, November 19, 2024 12:00 am http://asia.managersofwealth.com/article/74985/tax-and-business-insights-from-hong-kongamprsquos-latest-policy-address By capitalising on the advantages of “One Country, Two Systems,” Hong Kong aims to strengthen its financial, shipping and trade sectors while fostering innovation and collaboration within the Greater Bay Area. Tax A review of the tax regimes in Singapore and Hong Kong News Team Thursday, November 14, 2024 12:00 am http://asia.managersofwealth.com/article/74953/a-review-of-the-tax-regimes-in-singapore-and-hong-kong The position can be improved even further for those who wish to manage their investments from Singapore. Tax China is now enforcing offshore income tax. Should private bankers be worried? News Aggregation Team Friday, October 25, 2024 1:00 am http://asia.managersofwealth.com/article/74828/china-is-now-enforcing-offshore-income-tax-should-private-bankers-be-worried “Offshore income has largely been ignored by the tax authorities, but, obviously, that is changing,” a Hong Kong-based wealth advisor told APB. Tax Ultra wealthy to feel tax crunch on overseas gains News Aggregation Team Thursday, October 17, 2024 1:00 am http://asia.managersofwealth.com/article/74761/ultra-wealthy-to-feel-tax-crunch-on-overseas-gains They added that some of the targeted Chinese had at least US$10 million (HK$78 million) in offshore assets Tax Banking as a Service poised to transform Thailand’s financial ecosystem, PwC Thailand says News Team Friday, October 11, 2024 1:00 am http://asia.managersofwealth.com/article/74724/banking-as-a-service-poised-to-transform-thailandamprsquos-financial-ecosystem-pwc-thailand-says The opportunities are growing, but how businesses address the challenges of adopting BaaS will be essential for success. Tax ANZ Bank CEO’s Shameless Self Interest: This Is Why People Hate Bankers News Aggregation Team Thursday, September 26, 2024 1:00 am http://asia.managersofwealth.com/article/74630/anz-bank-ceoamprsquos-shameless-self-interest-this-is-why-people-hate-bankers The reason Watson is promoting a capital gains tax is so families are even further incentivised to park their nest eggs under the roofs of their family home. Tax Deloitte and RFO: SFOs Lack NextGen Confidence News Aggregation Team Thursday, September 12, 2024 1:00 am http://asia.managersofwealth.com/article/74539/deloitte-and-rfo-sfos-lack-nextgen-confidence Nearly seven in 10 respondents (69 percent) expect the next generation to lead their family office in Asia Pacific post-succession, according to a report by Deloitte Private and Raffles Family Office. Tax Thailand Wealth Management Forum 2025 News Aggregation Team Friday, May 30, 2025 1:00 am http://asia.managersofwealth.com/article/76125/thailand-wealth-management-forum-2025 The event will also attract professional advisers Comment, Analysis & Research Advice accessibility at the crux of cost of living crisis: Survey News Aggregation Team Tuesday, May 27, 2025 1:00 am http://asia.managersofwealth.com/article/76099/advice-accessibility-at-the-crux-of-cost-of-living-crisis-survey Kelly Power, CFS’ superannuation chief executive, said the research also revealed the impact of the cost of living crisis – conflated with financial advice inaccessibility – on mental health. Comment, Analysis & Research Chinese banks may arrest margin decline amid more stable cost of deposits News Aggregation Team Friday, May 23, 2025 1:00 am http://asia.managersofwealth.com/article/76087/chinese-banks-may-arrest-margin-decline-amid-more-stable-cost-of-deposits But with the lower interest rates also passing through to deposits, banks can expect to pay lower on their liabilities and partially offset the impact on margins. Comment, Analysis & Research Ultra Rich Wanted More China Exposure Before Trade War, UBS Says News Aggregation Team Thursday, May 22, 2025 1:00 am http://asia.managersofwealth.com/article/76078/ultra-rich-wanted-more-china-exposure-before-trade-war-ubs-says On average globally, 18% wanted to do so. Comment, Analysis & Research Why New Zealand financial services providers must modernise their operations in FY2026 News Aggregation Team Thursday, May 22, 2025 1:00 am http://asia.managersofwealth.com/article/76079/why-new-zealand-financial-services-providers-must-modernise-their-operations-in-fy2026 Against that backdrop, wholesale reinvention has become critical, for old school banks whose systems and processes can't deliver what customers now expect and demand. Comment, Analysis & Research How to retain HNW advisers amid talent shortage News Aggregation Team Wednesday, May 21, 2025 1:00 am http://asia.managersofwealth.com/article/76068/how-to-retain-hnw-advisers-amid-talent-shortage The most common role in wealth management at the moment is a private wealth adviser that has a book of clients that they can bring across. Comment, Analysis & Research Private Banks Falling Short: The Family Office Challenge in Asia News Aggregation Team Wednesday, May 21, 2025 1:00 am http://asia.managersofwealth.com/article/76073/private-banks-falling-short-the-family-office-challenge-in-asia To remain relevant, private banks must rethink their value proposition, invest in specialized teams, and shift to transparent, fee-based models that prioritize deliverables over relationships. Comment, Analysis & Research EY survey finds Asia wealth clients more likely to switch provider News Aggregation Team Tuesday, May 20, 2025 1:00 am http://asia.managersofwealth.com/article/76063/ey-survey-finds-asia-wealth-clients-more-likely-to-switch-provider Volatility and technology are reshaping the wealth management industry, according to the survey’s findings. Comment, Analysis & Research Singapore’s wealthy want advisers to incorporate AI into offerings: survey News Aggregation Team Tuesday, May 20, 2025 1:00 am http://asia.managersofwealth.com/article/76065/singaporeamprsquos-wealthy-want-advisers-to-incorporate-ai-into-offerings-survey There is, however, a ‘measured caution’ especially in terms of data privacy, accuracy and maintaining a human touch Comment, Analysis & Research Rich Japanese Still Fear a Yen Crash, UBS Wealth Manager Says News Aggregation Team Monday, May 19, 2025 1:00 am http://asia.managersofwealth.com/article/76049/rich-japanese-still-fear-a-yen-crash-ubs-wealth-manager-says That’s in part because the country’s most prosperous households, who are sitting on loads of cash in bank accounts losing value by the day due to inflation, are still scarred by the market’s collapse in the early 1990s Comment, Analysis & Research CIMB Bank Taps ACI Worldwide to Advance Payment Transformation News Team Friday, May 23, 2025 1:00 am http://asia.managersofwealth.com/article/76085/cimb-bank-taps-aci-worldwide-to-advance-payment-transformation ACI is enabling CIMB’s Forward30 strategic plan to boost resilience and customer-centric innovation Retail Banking Citi Introduces AI Tools to Workers in 11 Markets News Aggregation Team Friday, May 23, 2025 1:00 am http://asia.managersofwealth.com/article/76089/citi-introduces-ai-tools-to-workers-in-11-markets In-house developers are also being equipped with additional generative AI tools to write code more efficiently and bring products to market faster. Retail Banking Major Brunei Bank Opens Rep Office In Singapore News Aggregation Team Thursday, May 22, 2025 1:00 am http://asia.managersofwealth.com/article/76082/major-brunei-bank-opens-rep-office-in-singapore In a strategic move to strengthen the lender’s regional presence, the office will serve as a touchpoint to facilitate conversations with potential investors and explore new opportunities linked to Brunei. Retail Banking Mizuho, Mercer collaborate for OCIO services in Japan News Aggregation Team Wednesday, May 21, 2025 1:00 am http://asia.managersofwealth.com/article/76070/mizuho-mercer-collaborate-for-ocio-services-in-japan The tie-up will help Mizuho enhance its OCIO services, using solutions from Mizuho Trust & Banking and Asset Management One. Retail Banking Hang Seng Bank launches cross-boundary wealth centre at Central branch News Aggregation Team Tuesday, May 13, 2025 1:00 am http://asia.managersofwealth.com/article/76017/hang-seng-bank-launches-cross-boundary-wealth-centre-at-central-branch The Hong Kong-based bank has seen an 80% rise in new account openings for retail mainland customers. Retail Banking Australia’s newest big four bank boss has his work cut out for him News Aggregation Team Monday, May 12, 2025 1:00 am http://asia.managersofwealth.com/article/76006/australiaamprsquos-newest-big-four-bank-boss-has-his-work-cut-out-for-him That could stand him in contrast to an often more informal corporate culture in Australia. Retail Banking Hong Leong Bank redefines branch banking at Eco Majestic News Team Thursday, May 08, 2025 1:00 am http://asia.managersofwealth.com/article/75986/hong-leong-bank-redefines-branch-banking-at-eco-majestic This community-centric branch is central to HLB's bank-wide transformation plan, which includes upgrading existing branches and strategically tailoring service offerings. Retail Banking ZA Bank reports HK$548m net revenue and narrows losses by 42% News Aggregation Team Tuesday, May 06, 2025 1:00 am http://asia.managersofwealth.com/article/75966/za-bank-reports-hk548m-net-revenue-and-narrows-losses-by-42 Net interest income is 86% higher in 2024. Retail Banking Bangkok Bank connects with China’s fund transfer network News Aggregation Team Monday, May 05, 2025 1:00 am http://asia.managersofwealth.com/article/75955/bangkok-bank-connects-with-chinaamprsquos-fund-transfer-network This is expected to reduce transaction times and costs for export-import businesses. Retail Banking Euromoney again hails Metrobank as best for Phl’s ultra-rich News Aggregation Team Wednesday, April 16, 2025 1:00 am http://asia.managersofwealth.com/article/75865/euromoney-again-hails-metrobank-as-best-for-phlamprsquos-ultra-rich The recognition cements Metrobank’s position as the trusted bank of choice for the country’s wealthiest individuals. Retail Banking Unreasonable Impact announces new roster of ventures for the 2025 Asia Pacific programme News Team Monday, May 19, 2025 1:00 am http://asia.managersofwealth.com/article/76055/unreasonable-impact-announces-new-roster-of-ventures-for-the-2025-asia-pacific-programme Supporting entrepreneurs to power innovation, accelerate growth and foster resilient communities Investment Bank Macquarie Group announces $A3,715 million full-year profit News Team Monday, May 12, 2025 1:00 am http://asia.managersofwealth.com/article/76003/macquarie-group-announces-a3715-million-full-year-profit Profit for the half year ended 31 March 2025 (2H25) was $A2,103 million, up 30 per cent on the half year ended 30 September 2024 (1H25). Investment Bank Deutsche Bank wins multiple FinanceAsia awards in APAC for investment banking solutions News Team Wednesday, April 23, 2025 1:00 am http://asia.managersofwealth.com/article/75889/deutsche-bank-wins-multiple-financeasia-awards-in-apac-for-investment-banking-solutions The bank won top honours in M&A and DCM across the Asia Pacific region at the FinanceAsia 2025 Awards. Investment Bank Deutsche Bank named FX House of the Year for ASEAN and South Korea News Team Wednesday, April 23, 2025 1:00 am http://asia.managersofwealth.com/article/75890/deutsche-bank-named-fx-house-of-the-year-for-asean-and-south-korea Deutsche Bank was recognised for its ability to provide cutting-edge FX solutions and navigate complex regulatory landscapes to meet unique client needs in this high-potential region. Investment Bank Nomura Launches 100th Anniversary Commemorative Website News Aggregation Team Wednesday, April 02, 2025 1:00 am http://asia.managersofwealth.com/article/75778/nomura-launches-100th-anniversary-commemorative-website Nomura will organize a broad range of initiatives to show its appreciation to clients and other stakeholders who have supported it over the years. Investment Bank Deutsche Bank PB loses Hong Kong investment head News Aggregation Team Tuesday, April 01, 2025 1:00 am http://asia.managersofwealth.com/article/75771/deutsche-bank-pb-loses-hong-kong-investment-head Fionn Lo has left the bank after a six-year stint, where she reported to Deutsche Bank’s head of investment managers for North Asia, Cedric Ko. Investment Bank Nomura to Launch Global Marketing Tour News Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75740/nomura-to-launch-global-marketing-tour The team will meet with Japanese domestic institutional investors, large private wealth investors, overseas sovereign funds, pension funds and global funds, as well as holding seminars with outside experts. Investment Bank Nomura to Issue 100th Anniversary Commemorative Dividend News Team Thursday, February 06, 2025 12:00 am http://asia.managersofwealth.com/article/75454/nomura-to-issue-100th-anniversary-commemorative-dividend Nomura would like to express its sincere gratitude to its shareholders and all stakeholders for their support over the years. Investment Bank Deutsche Bank partners with Yonyou to support Chinese enterprises going global News Team Monday, January 27, 2025 12:00 am http://asia.managersofwealth.com/article/75389/deutsche-bank-partners-with-yonyou-to-support-chinese-enterprises-going-global Deutsche Bank and Yonyou have signed a strategic MOU to empower Chinese enterprises with innovative digital financial solutions and support their global expansion. Investment Bank Japanese banks post efficiency gains as interest rate hikes boost profits News Aggregation Team Tuesday, December 24, 2024 12:00 am http://asia.managersofwealth.com/article/75201/japanese-banks-post-efficiency-gains-as-interest-rate-hikes-boost-profits The cost-to-income ratio measures the proportion of a bank's operating expenses to its operating income. Investment Bank How advisers can navigate ESG fund closures News Aggregation Team Tuesday, May 13, 2025 1:00 am http://asia.managersofwealth.com/article/76015/how-advisers-can-navigate-esg-fund-closures Part of this is due to ASIC’s crackdown on greenwashing which has prompted fund managers to reconsider their ranges or how they are labelled. Planet SOS Nomura Issues Report on Avoided Emissions from Investor Perspective News Team Thursday, May 01, 2025 1:00 am http://asia.managersofwealth.com/article/75945/nomura-issues-report-on-avoided-emissions-from-investor-perspective The concept of avoided emissions has gained traction as a new metric to assess a company's contribution to reducing overall GHG emissions and resolving issues affecting society. Planet SOS DBS named World’s Best Bank for Sustainable Finance by Global Finance News Team Monday, February 24, 2025 12:00 am http://asia.managersofwealth.com/article/75550/dbs-named-worldamprsquos-best-bank-for-sustainable-finance-by-global-finance Recognised for leadership in sustainable finance, including innovative solutions that accelerate Asia's transition agenda, drive cross-border impact, and empower corporates and SMEs Planet SOS Policy and investment need to prioritise renewable energy News Aggregation Team Monday, January 27, 2025 12:00 am http://asia.managersofwealth.com/article/75390/policy-and-investment-need-to-prioritise-renewable-energy Bangladesh has slowly been investing in green finance initiatives through the banking sector, but the transition to a society free of fossil fuel use will require a lot more investment in the renewable energy sector Planet SOS Trump’s climate policy and its impact on investments News Team Thursday, January 23, 2025 12:00 am http://asia.managersofwealth.com/article/75369/trumpamprsquos-climate-policy-and-its-impact-on-investments In practice, this means that the US no longer has to submit a climate action plan to the United Nations every five years. Planet SOS Mirova Commits USD10 million to Global Commercial & Industrial Solar Leader ecoligo to Fuel Its Growth in Vietnam News Team Friday, January 17, 2025 12:00 am http://asia.managersofwealth.com/article/75335/mirova-commits-usd10-million-to-global-commercial-ampamp-industrial-solar-leader-ecoligo-to-fuel-its-growth-in-vietnam ecoligo has successfully raised €74 million to date and currently manages a global portfolio of 100 MWp, comprising 200 projects. Planet SOS Bank DBS Indonesia introduces first ever Sustainability-Linked Trade Finance Facility for PT. Indo-Rama Synthetics Tbk | Bahasa News Team Thursday, January 16, 2025 12:00 am http://asia.managersofwealth.com/article/75328/bank-dbs-indonesia-introduces-first-ever-sustainability-linked-trade-finance-facility-for-pt-indo-rama-synthetics-tbk-bahasa DBS Bank's commitment to sustainability is reflected in its concrete steps, becoming the first Singaporean bank to pledge to achieve net-zero emissions by 2050 or earlier. Planet SOS Australia and Singapore Collaborate to Support Sustainable Infrastructure and Decarbonisation in Southeast Asia News Team Thursday, December 05, 2024 12:00 am http://asia.managersofwealth.com/article/75090/australia-and-singapore-collaborate-to-support-sustainable-infrastructure-and-decarbonisation-in-southeast-asia The investment will support clean energy transition and sustainable infrastructure development across Southeast Asia. Planet SOS DBS continues to break new ground in China as first Southeast Asian bank to leverage PBOC’s Carbon Emission Reduction Facility for issuance of green loan News Team Wednesday, August 21, 2024 1:00 am http://asia.managersofwealth.com/article/74404/dbs-continues-to-break-new-ground-in-china-as-first-southeast-asian-bank-to-leverage-pbocamprsquos-carbon-emission-reduction-facility-for-issuance-of-green-loan When completed, the project is expected to generate about 270 gigawatt hours of renewable energy Planet SOS Court finds Active Super made misleading ESG claims in a greenwashing action brought by ASIC News Team Wednesday, June 05, 2024 1:00 am http://asia.managersofwealth.com/article/73894/court-finds-active-super-made-misleading-esg-claims-in-a-greenwashing-action-brought-by-asic Active Super claimed in its marketing that it eliminated investments that posed too great a risk to the environment and the community, including gambling, coal mining and oil tar sands. Planet SOS