Managers of Wealth - Asia http://asia.managersofwealth.com/ Mon, 27 May 2024 05:00:25 BST part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Schroder Oriental Income Fund Limited Half Year Results News Team Friday, May 24, 2024 1:00 am http://asia.managersofwealth.com/article/73836/schroder-oriental-income-fund-limited-half-year-results The Company is classed in the AIC's next generation of dividend heroes. Wealth and Asset Management IQ-EQ looks to expand into Japan and Australia News Aggregation Team Friday, May 24, 2024 1:00 am http://asia.managersofwealth.com/article/73837/iq-eq-looks-to-expand-into-japan-and-australia The compliance and investor services group has noted increased client interest in reflating Japan and is also keen to tap into the large Australian fund and wealth markets. Wealth and Asset Management Growing Middle Class Boosts Wealth Management Potential in Vietnam News Aggregation Team Friday, May 24, 2024 1:00 am http://asia.managersofwealth.com/article/73839/growing-middle-class-boosts-wealth-management-potential-in-vietnam In Vietnam, wealth management service providers include commercial banks, securities companies, insurance firms, and FinTechs, with banks leading the sector due to their established networks and diverse product offerings. Wealth and Asset Management HSBC Unveils “All-In on Innovation” Programme with Tech Immersive Tour for Asia’s Private Banking Clients News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73832/hsbc-unveils-ampldquoall-in-on-innovationamprdquo-programme-with-tech-immersive-tour-for-asiaamprsquos-private-banking-clients Clients met with prominent venture capitalists and promising start-ups, gaining insights on thriving in the era of rapid technological change. Wealth and Asset Management Goldman Sachs leads bullish chorus on Chinese stocks, as Morgan Stanley and JPMorgan’s private bank remain cautious News Aggregation Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73820/goldman-sachs-leads-bullish-chorus-on-chinese-stocks-as-morgan-stanley-and-jpmorganamprsquos-private-bank-remain-cautious JPMorgan Private Bank calls an end to the rebound and advises investors to sell Chinese stocks, particularly offshore shares Wealth and Asset Management HSBC Runs US Tech Tour for Ultra-Rich Asians News Aggregation Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73826/hsbc-runs-us-tech-tour-for-ultra-rich-asians The program also includes visits to early-stage investment firm Playground Global and Stanford Medical Center. Wealth and Asset Management Schroder AsiaPacific Fund plc Half Year Results News Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73828/schroder-asiapacific-fund-plc-half-year-results The Board continues to keep gearing under consideration and the Manager has access to a £75 million revolving credit facility, as well as an overdraft facility. Wealth and Asset Management Understanding the differences between family offices and private trust companies in Asia News Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73800/understanding-the-differences-between-family-offices-and-private-trust-companies-in-asia Key differences in wealth goals and fiduciary duties set these two popular wealth-management solutions apart. Wealth and Asset Management Hong Kong’s family office measures succeed in attracting global interest: JPMorgan Private Bank News Aggregation Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73803/hong-kongamprsquos-family-office-measures-succeed-in-attracting-global-interest-jpmorgan-private-bank Most of the interest is from the bank’s clients in mainland China and Southeast Asia, but inquiries from the rest of the world are also rising Wealth and Asset Management BNPP WM's Peter on the talent war in Thailand News Aggregation Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73804/bnpp-wmamp039s-peter-on-the-talent-war-in-thailand The French private bank plans to triple both its Thai client assets and relationship manager head count over the next three years. Wealth and Asset Management JP Morgan Private Bank strengthens Asia team News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73830/jp-morgan-private-bank-strengthens-asia-team J.P. Morgan Private Bank has hired a VP in Singapore and executive director in Hong Kong. Executive Moves Funds SA chief investment officer exits News Aggregation Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73825/funds-sa-chief-investment-officer-exits He's also previously held senior roles with Warakirri Asset Management and Equip Super. Executive Moves UBS Global Wealth Management's Head of Advisory and Sales Team Resigns News Aggregation Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73810/ubs-global-wealth-managementamp039s-head-of-advisory-and-sales-team-resigns Sarah Lim has stepped down from her position in Singapore after two years leading the team and more than three years with the bank Executive Moves Citi Appoints Commercial Bank Head for Indonesia News Aggregation Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73814/citi-appoints-commercial-bank-head-for-indonesia He rejoins from OCBC where he worked since 2013, most recently as enterprise banking business head. Executive Moves UBS Asset Management Names Japan President News Aggregation Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73802/ubs-asset-management-names-japan-president Previously, he also worked at Morgan Stanley, Mizuho Securities, and SMBC Nikko Securities. Executive Moves Cbus deputy CIO exits News Aggregation Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73805/cbus-deputy-cio-exits She previously worked at AustralianSuper, Avoca Capital Advisors, and Hastings Funds Management, and also served as a senior associate at Herbert Smith Freehills. Executive Moves Australian Unity appoints general manager of social infrastructure News Aggregation Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73807/australian-unity-appoints-general-manager-of-social-infrastructure His responsibilities also encompass leading capital raising and corporate strategies, growing fund revenue streams, and overseeing capital deployment. Executive Moves Aware Super appoints general manager, strategy and transformation News Aggregation Team Friday, May 17, 2024 1:00 am http://asia.managersofwealth.com/article/73795/aware-super-appoints-general-manager-strategy-and-transformation She's also held roles with Bendigo and Adelaide Bank, Rabobank and APRA. Executive Moves Avendus welcomes Apurva Sahijwani as MD & CEO of its Wealth Management business News Team Thursday, May 16, 2024 1:00 am http://asia.managersofwealth.com/article/73784/avendus-welcomes-apurva-sahijwani-as-md-ampamp-ceo-of-its-wealth-management-business Apurva joins Avendus with over 25 years of rich experience in private banking and wealth management. Executive Moves Bird & Bird to open office in Tokyo, Japan, recruiting new partner Hiro Iwamura News Team Thursday, May 16, 2024 1:00 am http://asia.managersofwealth.com/article/73791/bird-ampamp-bird-to-open-office-in-tokyo-japan-recruiting-new-partner-hiro-iwamura This marks the firm’s first international expansion as part of its new five-year strategy. Executive Moves HKMA planning sandbox for generative AI in banking News Aggregation Team Friday, May 24, 2024 1:00 am http://asia.managersofwealth.com/article/73841/hkma-planning-sandbox-for-generative-ai-in-banking HKMA’s Arthur Yuen says the Silicon Valley Bank failure holds alarming lessons about digitizing finance. Legal, Regulation & Compliance Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73831/monetary-authority-of-singapore-and-peopleamprsquos-bank-of-china-advance-collaboration-in-green-and-transition-finance The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform. Legal, Regulation & Compliance ASIC cancels Everest Asset Management’s AFS licence News Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73821/asic-cancels-everest-asset-managementamprsquos-afs-licence This includes the obligation to comply with financial services laws, including the requirement to lodge financial statements annually with ASIC. Legal, Regulation & Compliance Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance News Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73824/monetary-authority-of-singapore-and-peopleamprsquos-bank-of-china-advance-collaboration-in-green-and-transition-finance The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform. Legal, Regulation & Compliance Market brief provides further detail on upcoming Australian renewable energy projects tender News Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73816/market-brief-provides-further-detail-on-upcoming-australian-renewable-energy-projects-tender Projects will be assessed against seven merit criteria across Stage A and Stage B, with projects demonstrating the highest levels of merit compared to other projects in Stage A progressing to Stage B. Legal, Regulation & Compliance Four Carey Olsen lawyers star in Asian Legal Business Offshore Client Choice 2024 News Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73817/four-carey-olsen-lawyers-star-in-asian-legal-business-offshore-client-choice-2024 This recognition is based on direct client feedback, highlighting legal professionals who consistently exceed expectations and deliver high-quality service. Legal, Regulation & Compliance Labuan IBFC Inc. and RAM jointly host event on Labuan captive solutions for self-insurance News Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73801/labuan-ibfc-inc-and-ram-jointly-host-event-on-labuan-captive-solutions-for-self-insurance This collaboration arises from RAM’s LECA rating service for credit and performance evaluation of Labuan IBFC licensees Legal, Regulation & Compliance Latham Advises Chandra Asri on Acquisition of Shell’s Energy and Chemicals Assets in Singapore News Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73808/latham-advises-chandra-asri-on-acquisition-of-shellamprsquos-energy-and-chemicals-assets-in-singapore Joint venture with Glencore purchases 100% interest in Shell Energy and Chemicals Park Singapore. Legal, Regulation & Compliance Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank News Aggregation Team Friday, May 17, 2024 1:00 am http://asia.managersofwealth.com/article/73797/money-laundering-accused-su-jianfeng-slapped-with-six-new-charges-for-submitting-forged-documents-to-ocbc-maybank The new charges bring the total number faced by Su to 12 Legal, Regulation & Compliance Dentons wins landmark High Court case on contractual damages News Team Friday, May 17, 2024 1:00 am http://asia.managersofwealth.com/article/73798/dentons-wins-landmark-high-court-case-on-contractual-damages The case is now the leading authority for reliance damages arising from a breach of contract. Legal, Regulation & Compliance PVcomBank transforms mobile banking for one million customers in Vietnam with Temenos Digital on AWS News Aggregation Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73815/pvcombank-transforms-mobile-banking-for-one-million-customers-in-vietnam-with-temenos-digital-on-aws They can also earn points through each transaction towards eVouchers, financial gifts or charity donations. FinTech Tech company Iress addresses user space's security breach News Aggregation Team Thursday, May 16, 2024 1:00 am http://asia.managersofwealth.com/article/73790/tech-company-iress-addresses-user-spaceamp039s-security-breach Firm assures no compromise to client data FinTech Deutsche Bank joins Project Guardian to explore asset tokenization applications News Team Wednesday, May 15, 2024 1:00 am http://asia.managersofwealth.com/article/73777/deutsche-bank-joins-project-guardian-to-explore-asset-tokenization-applications As part of the asset and wealth management workstream, the bank will test an open architecture and interoperable blockchain platform to service tokenized and digital funds. FinTech UK and Singapore Strengthen Collaboration in Sustainable Finance and FinTech News Team Thursday, May 09, 2024 1:00 am http://asia.managersofwealth.com/article/73736/uk-and-singapore-strengthen-collaboration-in-sustainable-finance-and-fintech Both countries agreed to consider collaboration opportunities as the regulatory landscape evolves, including through IOSCO’s Sustainable Finance Taskforce. FinTech Count extends Iress partnership by 3 years News Aggregation Team Wednesday, May 08, 2024 1:00 am http://asia.managersofwealth.com/article/73732/count-extends-iress-partnership-by-3-years The company is currently Australia’s third-largest advice licensee behind AMP and Insignia. FinTech Azentio Software wins three honours at IBSi Digital Banking Awards 2024 News Team Wednesday, May 01, 2024 1:00 am http://asia.managersofwealth.com/article/73694/azentio-software-wins-three-honours-at-ibsi-digital-banking-awards-2024 Coveted industry recognitions for consistent value provided to financial institutions across domains and regions FinTech Tech Tycoon’s Family Office Bets on AI to Prop $10 Billion Fund News Aggregation Team Tuesday, April 30, 2024 1:00 am http://asia.managersofwealth.com/article/73683/tech-tycoonamprsquos-family-office-bets-on-ai-to-prop-10-billion-fund AI is helping the asset manager scour more than 10,000 companies globally on 600 parameters to identify investment opportunities. FinTech China Asset Management Exec Anticipates Hong Kong Spot Bitcoin ETFs to 'Exceed' US Debut News Aggregation Team Tuesday, April 30, 2024 1:00 am http://asia.managersofwealth.com/article/73685/china-asset-management-exec-anticipates-hong-kong-spot-bitcoin-etfs-to-amp039exceedamp039-us-debut Beijing’s Foresight News recently published an interview with China AMC executive Zhu Haokang and Wayne Huang, the Head of ETF and custody business at OSL. FinTech Hong Kong’s First Crypto ETFs Begin Trading News Aggregation Team Tuesday, April 30, 2024 1:00 am http://asia.managersofwealth.com/article/73688/hong-kongamprsquos-first-crypto-etfs-begin-trading Hong Kong has joined the crypto ETF race after the Securities and Exchange Commission authorized the first batch in the US over three months ago. FinTech Harvest Secures Approval for Crypto ETFs News Aggregation Team Friday, April 26, 2024 1:00 am http://asia.managersofwealth.com/article/73661/harvest-secures-approval-for-crypto-etfs Both products are expected to start trading on the Hong Kong stock exchange by the end of April. FinTech Failed bond bets at Norinchukin force it to change strategy News Aggregation Team Friday, May 24, 2024 1:00 am http://asia.managersofwealth.com/article/73840/failed-bond-bets-at-norinchukin-force-it-to-change-strategy That meant going overseas to escape Japan’s environment of negative interest rates. Alternative Investments CFS sources replacement managers after FSI investment team closures News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73829/cfs-sources-replacement-managers-after-fsi-investment-team-closures These teams encompassed 10 funds combined, affecting $14 billion in assets under management. Alternative Investments Australian Ethical snaps up asset manager News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73833/australian-ethical-snaps-up-asset-manager Australian Ethical snaps up asset manager Alternative Investments TCorp reorganises investment team News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73834/tcorp-reorganises-investment-team Under the changes, current head of investment advisory Ali Parker will become head of investment research and strategy. Alternative Investments Rising middle class pushes wealth management potential in Vietnam News Aggregation Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73822/rising-middle-class-pushes-wealth-management-potential-in-vietnam Director of AFA Capital Nguyen Minh Tuan estimated that the PFA market could reach thousands of billions of U.S. dollars, if gold and real estate assets were included. Alternative Investments Private Banks React to China’s Housing Rescue Package News Aggregation Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73823/private-banks-react-to-chinaamprsquos-housing-rescue-package This is the most forceful move that authorities have introduced to support the market. Alternative Investments Another corporate fund bites the dust News Aggregation Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73813/another-corporate-fund-bites-the-dust The Nissan Superannuation Plan was created in 1977 to house the retirement savings of the car manufacturer's employees. Alternative Investments Christie’s International Real Estate Enters Vietnam, One of the Fastest-Growing Luxury Markets in the World, via Partnership with S&S Group News Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73806/christieamprsquos-international-real-estate-enters-vietnam-one-of-the-fastest-growing-luxury-markets-in-the-world-via-partnership-with-sampamps-group New venture makes Christie’s International Real Estate the first global luxury real estate brand to enter Vietnam Alternative Investments Australia requires swifter settlement cycle: SIAA News Aggregation Team Thursday, May 16, 2024 1:00 am http://asia.managersofwealth.com/article/73787/australia-requires-swifter-settlement-cycle-siaa The possibility of Australia shortening its trade settlement cycle was a pressing topic on day two of the conference. Alternative Investments Nomura aims to nearly double profit over 7 years with focus on wealth management News Aggregation Team Wednesday, May 15, 2024 1:00 am http://asia.managersofwealth.com/article/73775/nomura-aims-to-nearly-double-profit-over-7-years-with-focus-on-wealth-management The business is seen as more stable than trading which is closely tied to the ups and downs of markets. Alternative Investments Foreign Investment Funds tax regime creating a financial barrier? News Team Wednesday, May 01, 2024 1:00 am http://asia.managersofwealth.com/article/73692/foreign-investment-funds-tax-regime-creating-a-financial-barrier Unpacking the challenges and consequences of the FIF tax settings Tax 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 There are 635,000 rich Australians. Are you one of them? News Aggregation Team Friday, May 24, 2024 1:00 am http://asia.managersofwealth.com/article/73838/there-are-635000-rich-australians-are-you-one-of-them Once, being a millionaire made you wealthy. But the goal posts have shifted. Comment, Analysis & Research To scale or not to scale a growing advice practice? News Aggregation Team Wednesday, May 22, 2024 1:00 am http://asia.managersofwealth.com/article/73818/to-scale-or-not-to-scale-a-growing-advice-practice In particular, scaling up as a boutique advice firm can present advantages, such as servicing a greater number of clients, but also requires additional time and expenses. Comment, Analysis & Research No Easy Bets Except maybe in Tech News Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73819/no-easy-bets-except-maybe-in-tech April retail sales growth too fell short of expectations, and downward revisions to previous months’ data added weight to the concerns surrounding consumers’ spending power.  Comment, Analysis & Research Singapore: An Increasingly Isolated Outpost of Wealth News Aggregation Team Monday, May 20, 2024 1:00 am http://asia.managersofwealth.com/article/73809/singapore-an-increasingly-isolated-outpost-of-wealth What a trip Singapore is on. Comment, Analysis & Research The Hang Seng Shows Signs of Life News Aggregation Team Thursday, May 16, 2024 1:00 am http://asia.managersofwealth.com/article/73788/the-hang-seng-shows-signs-of-life Now, a few months on, and one very auspicious animal sign in the Chinese zodiac cycle later, the situation looks entirely different. Comment, Analysis & Research The Evolution of Tokenisation Amongst HNW & UHNW Investors in Asia’s Wealth Management Markets News Aggregation Team Tuesday, May 14, 2024 1:00 am http://asia.managersofwealth.com/article/73766/the-evolution-of-tokenisation-amongst-hnw-ampamp-uhnw-investors-in-asiaamprsquos-wealth-management-markets It is important to note that this survey was not designed to be a comprehensive treatise on tokenisation. Comment, Analysis & Research How are corporate directors and officers managing today’s top risks? News Team Monday, May 13, 2024 1:00 am http://asia.managersofwealth.com/article/73763/how-are-corporate-directors-and-officers-managing-todayamprsquos-top-risks WTW’s latest Global Directors' and Officers' Survey report covers the seven top risks across more than 50 countries. Comment, Analysis & Research Vietnam targets 10 billionaires and top Asian business leaders by 2030 News Aggregation Team Monday, May 13, 2024 1:00 am http://asia.managersofwealth.com/article/73761/vietnam-targets-10-billionaires-and-top-asian-business-leaders-by-2030 This includes large enterprises leading in key industries, integrating into global value chains, and mastering industrial and agricultural value chains. Comment, Analysis & Research ‘The worst seems over’ for ‘cheap’ and ‘reasonably attractive’ Chinese stocks: EFG Asset Management News Aggregation Team Thursday, May 09, 2024 1:00 am http://asia.managersofwealth.com/article/73733/amplsquothe-worst-seems-overamprsquo-for-amplsquocheapamprsquo-and-amplsquoreasonably-attractiveamprsquo-chinese-stocks-efg-asset-management CSRC measures announced in April have changed market sentiment from very negative to positive, he says Comment, Analysis & Research Global family offices flock to Hong Kong as property, stock market and Greater Bay Area opportunities act as magnet News Aggregation Team Thursday, May 09, 2024 1:00 am http://asia.managersofwealth.com/article/73745/global-family-offices-flock-to-hong-kong-as-property-stock-market-and-greater-bay-area-opportunities-act-as-magnet Opportunities in the Greater Bay Area are also helping to attract family offices to set up in city, Chinese University’s family office centre executive says Comment, Analysis & Research Saudi EXIM Bank signs 2 agreements with Japan’s SMBC and MUFG banks News Aggregation Team Friday, May 24, 2024 1:00 am http://asia.managersofwealth.com/article/73842/saudi-exim-bank-signs-2-agreements-with-japanamprsquos-smbc-and-mufg-banks The agreements aimed to foster cooperation and create co-financing opportunities to promote non-oil exports in target markets Retail Banking Qudos and Bank Australia to proceed with merger News Aggregation Team Friday, May 17, 2024 1:00 am http://asia.managersofwealth.com/article/73794/qudos-and-bank-australia-to-proceed-with-merger Bringing Bank Australia and Qudos Bank together would create one of Australia’s largest customer owned banks supporting 300,000 customers Retail Banking Japan’s biggest banks forecast record profits as rates rise News Aggregation Team Friday, May 17, 2024 1:00 am http://asia.managersofwealth.com/article/73796/japanamprsquos-biggest-banks-forecast-record-profits-as-rates-rise The banks are benefiting from an earnings boost following the Bank of Japan’s shift in March. Retail Banking HSBC Life unveils new universal life plan targeting high and ultra high net worth individuals News Aggregation Team Wednesday, May 15, 2024 1:00 am http://asia.managersofwealth.com/article/73780/hsbc-life-unveils-new-universal-life-plan-targeting-high-and-ultra-high-net-worth-individuals The plan offers customers the flexibility to allocate funds between a general account and an index account. Retail Banking DBS PB's Jaidka on its HK NRI desk and onshore India proposition News Aggregation Team Wednesday, May 15, 2024 1:00 am http://asia.managersofwealth.com/article/73783/dbs-pbamp039s-jaidka-on-its-hk-nri-desk-and-onshore-india-proposition The Singaporean bank is seeing increasing interest from its NRI clients in Hong Kong as well as its onshore India clients. Retail Banking OCBC and UOB Report Strong Growth in Wealth Management in Q1 2024 News Aggregation Team Monday, May 13, 2024 1:00 am http://asia.managersofwealth.com/article/73760/ocbc-and-uob-report-strong-growth-in-wealth-management-in-q1-2024 OCBC also reported a 5% increase in net profit from the previous year, totaling S$1.98 billion, with overall income rising by 8% to S$3.63 billion. Retail Banking Chinabank reaffirms its customer focus with new campaign News Aggregation Team Friday, May 10, 2024 1:00 am http://asia.managersofwealth.com/article/73747/chinabank-reaffirms-its-customer-focus-with-new-campaign The brand refresh builds on Chinabank’s solid foundation as a trusted bank with a keen understanding of its clients’ needs in an evolving landscape. Retail Banking OCBC Group First Quarter 2024 Net Profit Rose 22% from the Previous Quarter to a Record S$1.98 billion News Team Friday, May 10, 2024 1:00 am http://asia.managersofwealth.com/article/73748/ocbc-group-first-quarter-2024-net-profit-rose-22-from-the-previous-quarter-to-a-record-s198-billion The Group’s resilient quarter-on-quarter performance was driven by total income rising to a new quarterly high, strict cost discipline and lower allowances. Retail Banking UOB Profit Dips From Higher Costs News Aggregation Team Thursday, May 09, 2024 1:00 am http://asia.managersofwealth.com/article/73740/uob-profit-dips-from-higher-costs The Singapore lender recently migrated customers in Thailand to the UOB platform after completing the transition in Malaysia and Indonesia in 2023. Retail Banking NAB partners UK fintech Banked to boost merchant adoption of A2A payment solutions News Aggregation Team Thursday, May 09, 2024 1:00 am http://asia.managersofwealth.com/article/73743/nab-partners-uk-fintech-banked-to-boost-merchant-adoption-of-a2a-payment-solutions The first group of NAB business clients to adopt the functionality are to go live with A2A payments “in the first half of 2024”. Retail Banking Bank of Singapore ‘bullish on Hong Kong’ as it hires bankers to tap growth opportunities in China, CEO says News Aggregation Team Thursday, May 16, 2024 1:00 am http://asia.managersofwealth.com/article/73786/bank-of-singapore-amplsquobullish-on-hong-kongamprsquo-as-it-hires-bankers-to-tap-growth-opportunities-in-china-ceo-says The private bank sees Hong Kong, Singapore and Dubai as stepping stones to expand its family office and other businesses to sign up wealthy clients Investment Bank Indonesia as a rising economic powerhouse News Aggregation Team Thursday, April 25, 2024 1:00 am http://asia.managersofwealth.com/article/73656/indonesia-as-a-rising-economic-powerhouse Indonesia's large population and rising wages have fuelled growing purchasing power and a buoyant consumer market too. Investment Bank 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 Survey shows waning interest in ESG funds News Aggregation Team Thursday, May 23, 2024 1:00 am http://asia.managersofwealth.com/article/73835/survey-shows-waning-interest-in-esg-funds Similarly, the number of investors who expected ESG funds to outperform funds with the same level of risk fell by 10 percentage points to 41% in 2023. Planet SOS Hong Kong group launches consultations on ESG code of conduct News Aggregation Team Tuesday, May 21, 2024 1:00 am http://asia.managersofwealth.com/article/73812/hong-kong-group-launches-consultations-on-esg-code-of-conduct The code, together with the self-attestation document, will be vital in fostering greater transparency, quality and reliability of ESG information, as well as comparability of products Planet SOS Record cocoa prices and the unfair chocolate value chain – meet the entrepreneurs working to change things News Team Friday, April 26, 2024 1:00 am http://asia.managersofwealth.com/article/73665/record-cocoa-prices-and-the-unfair-chocolate-value-chain-ampndash-meet-the-entrepreneurs-working-to-change-things The cocoa industry in some ways has itself to blame. Planet SOS ESG comes to the fore for asset managers’ voting News Aggregation Team Monday, April 15, 2024 1:00 am http://asia.managersofwealth.com/article/73578/esg-comes-to-the-fore-for-asset-managersamprsquo-voting In light of this, asset managers have taken steps to increase their verification of these areas when it comes to their voting records. Planet SOS Climate reporting and greenwashing: What small businesses need to know News Team Tuesday, March 19, 2024 12:00 am http://asia.managersofwealth.com/article/73422/climate-reporting-and-greenwashing-what-small-businesses-need-to-know The majority of Australian small and medium businesses will not fall within this category. Planet SOS Lombard Odier, Kaskikornbank Cooperate on Sustainability News Aggregation Team Wednesday, February 28, 2024 12:00 am http://asia.managersofwealth.com/article/73289/lombard-odier-kaskikornbank-cooperate-on-sustainability With sustainability being a major driver of investment returns, we are adapting client portfolios to the environmental transition. Planet SOS 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