Managers of Wealth - Asia http://asia.managersofwealth.com/ Mon, 27 Sep 2021 17:56:58 BST part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP The Xander Group invests in Sanctum Wealth Private Limited News Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65320/the-xander-group-invests-in-sanctum-wealth-private-limited The investment will be made through Xander’s Singapore-based financial services arm and the funds will be used to strengthen Sanctum’s operating platform and increase its client coverage. Wealth and Asset Management Why the Chinese are destroying their wealth creators News Aggregation Team Sunday, September 26, 2021 1:00 am http://asia.managersofwealth.com/article/65303/why-the-chinese-are-destroying-their-wealth-creators Chinese officials are telling newspersons that 'they are getting ready for a possible storm', and it points in the opposite direction. Wealth and Asset Management Raffles Family Office leads Series B funding round for cancer screening and early-detection solutions developer Cellomics News Aggregation Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65298/raffles-family-office-leads-series-b-funding-round-for-cancer-screening-and-early-detection-solutions-developer-cellomics They include liquid biopsy tests based on Cellomics’ patented microfluidic Wealth and Asset Management Transitioned from consumer banking to private banking News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65263/transitioned-from-consumer-banking-to-private-banking The importance of Asia Pacific to Citi is further highlighted by the fact that Hong Kong and Singapore account for two of its four wealth centres outside of the US. Wealth and Asset Management ClearView launches life insurance products and platform News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65270/clearview-launches-life-insurance-products-and-platform Advisers would also have access to educational content, explainer videos and client-facing tools to accelerate planning, the firm said. Wealth and Asset Management Westpac suspends sale of wealth management unit News Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65261/westpac-suspends-sale-of-wealth-management-unit Westpac will continue to operate these businesses and support its Pacific customers Wealth and Asset Management The Future of Wealth Management is Hyper-personalised News Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65241/the-future-of-wealth-management-is-hyper-personalised In their survey report “Are You Developing A Hyper-personalised Strategy?”, Objectway asked domestic and overseas Wealth & Investment Managers which definition of hyper-personalisation fitted best for them. Wealth and Asset Management Evergrande begins repaying wealth product investors with property News Aggregation Team Sunday, September 19, 2021 1:00 am http://asia.managersofwealth.com/article/65202/evergrande-begins-repaying-wealth-product-investors-with-property An estimated $6bln in Evergrande wealth management products are outstanding Wealth and Asset Management UBS opens new philanthropic chapter in India News Aggregation Team Friday, September 17, 2021 1:00 am http://asia.managersofwealth.com/article/65177/ubs-opens-new-philanthropic-chapter-in-india UBS Optimus Foundation's India expansion comes as the bank’s philanthropic activities gather pace around the globe, with new initiatives in climate, health, education, child protection and social finance. Wealth and Asset Management T. Rowe Price closes Aussie overweight after a year News Aggregation Team Friday, September 17, 2021 1:00 am http://asia.managersofwealth.com/article/65183/t-rowe-price-closes-aussie-overweight-after-a-year T. Rowe Price has moved its asset allocation to Australian equities from overweight to neutral after a year as it believes economic growth has now peaked. Wealth and Asset Management KPMG plans major hiring spree, new offices in China with bets on Qianhai and Greater Bay Area growth News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65309/kpmg-plans-major-hiring-spree-new-offices-in-china-with-bets-on-qianhai-and-greater-bay-area-growth KPMG and peer BDO are seeking to boost their headcounts as Qianhai zone adds to opportunities in Greater Bay Area Executive Moves Lanyon hires from Platinum News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65311/lanyon-hires-from-platinum "I was attracted to Lanyon by its strong long-term track-record and am excited to be a part of a growing firm," Executive Moves Monochrome hires from BNY Mellon News Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65312/monochrome-hires-from-bny-mellon In his new role, Leal said he will help strengthen Monochrome's operating environment to support plans for expansion across products, platforms, and the eventual launch of digital asset ETFs in Australia. Executive Moves Hyperion Asset Management builds out team News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65313/hyperion-asset-management-builds-out-team Clarke previously spent eight years at the Reserve Bank of Australia as a senior analyst and an economist. Finally, Sam Parcell has Executive Moves Profile Financial Services appoints CEO News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65314/profile-financial-services-appoints-ceo “Lena is extremely dedicated, knowledgeable and very client-orientated, all strong attributes which we are confident will enable her to guide and lead the business well,” Executive Moves Industry fund chief executive to step down News Aggregation Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65283/industry-fund-chief-executive-to-step-down "Brendan always puts fund members first, and this philosophy has delivered members strong longterm performance and exceptional service delivery - a blend which we believe made Intrust Super a truly unique proposition." Executive Moves AMP Capital appoints Managing Director for Energy News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65288/amp-capital-appoints-managing-director-for-energy Joins AMP Capital from AGL Energy Executive Moves AMP Capital appoints leasing director News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65289/amp-capital-appoints-leasing-director “Christina has an excellent reputation across the industry, and we look forward to welcoming her aboard”, Ms O’Connor concluded. Executive Moves Westpac New Zealand appoints new CEO News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65290/westpac-new-zealand-appoints-new-ceo “Catherine joins Westpac New Zealand at a time of opportunity for our business, as we support New Zealanders through the challenges of COVID-19, and we seek to differentiate ourselves through leading customer service,” Executive Moves Mox Hires Ex-ING Banker as CEO News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65299/mox-hires-ex-ing-banker-as-ceo Uygun has over 24 years of banking experience across business management and strategy, marketing, product development and digital transformation. Executive Moves Hong Kong Stock Exchange proposes a new listing regime for SPACs News Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65308/hong-kong-stock-exchange-proposes-a-new-listing-regime-for-spacs Against this backdrop, the Exchange is only going to allow the creation of legitimate forms of cash shells with very high entry thresholds. Legal, Regulation & Compliance Former Wodonga director charged with making false statement News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65284/former-wodonga-director-charged-with-making-false-statement The matter was mentioned on 13 September 2021 in the Wodonga Magistrates’ Court and has been adjourned until 23 November 2021. Legal, Regulation & Compliance Trojan group director disqualified from managing corporations for two years News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65285/trojan-group-director-disqualified-from-managing-corporations-for-two-years Most of the companies were part of the Trojan group of companies that operated around Australia providing security services. Legal, Regulation & Compliance Report on competition in the Australian funds management industry News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65286/report-on-competition-in-the-australian-funds-management-industry ASIC will take these findings into account in its ongoing work to support effective competition in the funds management industry and to improve investor outcomes. Legal, Regulation & Compliance China's market regulator proposes amendments to e-commerce law News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65292/chinaamp039s-market-regulator-proposes-amendments-to-e-commerce-law The amendments are open for public review till 14 October. Legal, Regulation & Compliance Allen & Overy advises the Republic of Indonesia on Asia’s first sovereign SDG eurobond News Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65297/allen-ampamp-overy-advises-the-republic-of-indonesia-on-asiaamprsquos-first-sovereign-sdg-eurobond The SDG bond and bonds to fund the tender offer were issued in takedowns from the Republic’s shelf registration statement with the SEC. Legal, Regulation & Compliance IMF Board Meet Over China Data Rigging Scandal News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65275/imf-board-meet-over-china-data-rigging-scandal The board meeting follows an investigation, launched at the request of the World Bank’s ethics committee Legal, Regulation & Compliance ASIC publishes guidance on hawking reforms News Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65276/asic-publishes-guidance-on-hawking-reforms ‘Under the new laws, ASIC will be better able to tackle poor conduct by firms where consumers are pressured into products that are not right for them.’ Legal, Regulation & Compliance ASIC warns of social media led ‘pump and dump’ campaigns News Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65277/asic-warns-of-social-media-led-amplsquopump-and-dumpamprsquo-campaigns Market manipulation is illegal. Legal, Regulation & Compliance SFC-ICAC operation leads to conviction of Convoy Global’s former senior executives News Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65234/sfc-icac-operation-leads-to-conviction-of-convoy-globalamprsquos-former-senior-executives The case was adjourned to 9 October for mitigation and sentencing while the defendants were granted cash bail. Legal, Regulation & Compliance China Cybersecurity and Data Protection: Monthly Update – September 2021 Issue News Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65321/china-cybersecurity-and-data-protection-monthly-update-ampndash-september-2021-issue The Chinese central government released the long-awaited Regulations on Critical Information Infrastructure (CII) Security Protection FinTech HSBC working with 8 countries in backing CBDCs News Team Sunday, September 26, 2021 1:00 am http://asia.managersofwealth.com/article/65300/hsbc-working-with-8-countries-in-backing-cbdcs They are already operating in certain countries and a number of major central banks are actively developing and piloting their own versions. FinTech China's crypto ban puts spotlight on central banks putting their own spin on digital coins News Aggregation Team Sunday, September 26, 2021 1:00 am http://asia.managersofwealth.com/article/65304/chinaamp039s-crypto-ban-puts-spotlight-on-central-banks-putting-their-own-spin-on-digital-coins The Bank of International Settlements/BIS's innovation hub recently announced plans to build a crypto platform so the international community of central bankers can transact in CBDCs and other crypto assets. FinTech Crypto Exchange FTX Quits Hong Kong News Aggregation Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65291/crypto-exchange-ftx-quits-hong-kong Hong Kong authorities have been taking an increasingly hard stance towards cryptocurrencies, barring non accredited investors from accessing the local crypto market. FinTech How the cloud can help overcome the data fragmentation challenge News Aggregation Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65252/how-the-cloud-can-help-overcome-the-data-fragmentation-challenge The study, based on responses from more than 900 global executives, found 34% see the biggest advantage of having better data insights as being able to expand their customer base. FinTech Thailand’s Finvest app launches feature allowing direct investment in offshore funds News Aggregation Team Monday, September 20, 2021 1:00 am http://asia.managersofwealth.com/article/65210/thailandamprsquos-finvest-app-launches-feature-allowing-direct-investment-in-offshore-funds "By working with Kasikorn Bank and Robowealth to make Finvest the first mobile platform in Thailand to offer offshore funds, Lu International reaffirms its commitment to bring the best of its technology and capabilities to the Thai market," FinTech Can Crypto Save China’s Diamond Market? News Aggregation Team Monday, September 20, 2021 1:00 am http://asia.managersofwealth.com/article/65217/can-crypto-save-chinaamprsquos-diamond-market China is a complex market where the diamond trade is strong but has its own set of challenges. FinTech Avaloq's Gery Dachlan: «Our Asian Parent Has Proved Advantageous» News Aggregation Team Friday, September 17, 2021 1:00 am http://asia.managersofwealth.com/article/65184/avaloqamp039s-gery-dachlan-amplaquoour-asian-parent-has-proved-advantageousampraquo Asia is a main focus region for Avaloq, and we want to have people on the ground to support those markets FinTech UBS China Fund Caught in Tech Maelstrom News Aggregation Team Friday, September 17, 2021 1:00 am http://asia.managersofwealth.com/article/65190/ubs-china-fund-caught-in-tech-maelstrom «China is more volatile than other markets, and such an environment creates opportunities for active managers to create value,», a spokesperson said. FinTech India and Singapore to link faster payment systems News Aggregation Team Thursday, September 16, 2021 1:00 am http://asia.managersofwealth.com/article/65168/india-and-singapore-to-link-faster-payment-systems Mobile-based UPI supports both person to person (P2P) and person to merchant (P2M) payments, while PayNow enables users to send and receive instant funds from one bank or e-wallet account to another in Singapore by using just their mobile number. FinTech Evergrande Pain Spreads to Wealthy Investors News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65306/evergrande-pain-spreads-to-wealthy-investors Rich trust buyers join 70,000 retail investors who suffered losses and are demanding their money back Alternative Investments More Warning Signs at Another Chinese Developer News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65318/more-warning-signs-at-another-chinese-developer Tianjin-headquartered Sunac is the latest major property developer to reportedly face troubles, with a letter to Chinese authorities asking for «policy assistance». Alternative Investments Hong Kong's FWD Files U.S. IPO News Aggregation Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65281/hong-kongamp039s-fwd-files-us-ipo The insurer aims to sell shares in the fourth quarter, the people said, though details such as the timing and the final size of the offering could change based on market conditions, «Bloomberg» reported. Alternative Investments Australian Ethical launches ethical multi-asset fund News Aggregation Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65282/australian-ethical-launches-ethical-multi-asset-fund The fund would provide exposure to unlisted property holdings and invest in climate technologies, renewable energies, medtech and biotech. Alternative Investments AMP Capital’s Global Infrastructure Equity team establishes Telecom Infrastructure Partners News Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65279/amp-capitalamprsquos-global-infrastructure-equity-team-establishes-telecom-infrastructure-partners Investment management Alternative Investments Super funds experience 11 months of growth News Aggregation Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65245/super-funds-experience-11-months-of-growth That overshadowed concerns in the US about the damage caused by Hurricane Ida and the increased spread of the COVID-19 Delta variant. Alternative Investments Citi, JPMorgan Seen Evading Evergrande Crisis in China Push News Aggregation Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65262/citi-jpmorgan-seen-evading-evergrande-crisis-in-china-push Representatives for JPMorgan, Bank of America, Morgan Stanley and Goldman Sachs Group Inc. declined to comment. Alternative Investments Singapore’s Temasek, government, to set up fund to aid high-growth firms going public News Aggregation Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65231/singaporeamprsquos-temasek-government-to-set-up-fund-to-aid-high-growth-firms-going-public According to Trade and Industry Minister Gan Kim Yong, many local and Asian companies in high-growth, high-technology sectors will come of age and seek to list on public markets in the coming years. Alternative Investments Project management consulting firms TBH and Acorn team up News Aggregation Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65233/project-management-consulting-firms-tbh-and-acorn-team-up As newlywed partners, the two consultancies will work together on advisory and delivery engagements in the property and construction industries, which are Acorn Project Advisory’s main areas of expertise. Alternative Investments Restructuring Evergrande: Controlled demolition News Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65242/restructuring-evergrande-controlled-demolition Debt restructuring is coming. Alternative Investments S. Korea’s tax chief seeks cooperation with Denmark, Hungary News Aggregation Team Wednesday, September 15, 2021 1:00 am http://asia.managersofwealth.com/article/65156/s-koreaamprsquos-tax-chief-seeks-cooperation-with-denmark-hungary Hungary is the first Eastern European country to form a trading partnership with Korea. Tax Singapore bullish about impact of international tax changes News Team Friday, August 27, 2021 1:00 am http://asia.managersofwealth.com/article/64834/singapore-bullish-about-impact-of-international-tax-changes The GloBE regime forms the second of a two ‘pillar’ international tax agreement reached by 130 countries in June. BEPS 2.0, as it has become know, has since been endorsed by the G20. Tax Real estate wealth tax and Singapore's property cooling measures News Aggregation Team Thursday, August 19, 2021 1:00 am http://asia.managersofwealth.com/article/64688/real-estate-wealth-tax-and-singaporeamp039s-property-cooling-measures If such a wealth tax must be implemented, some cooling measures may have to be rolled back too Tax Why China Could Be Serious About a Property Tax Now News Aggregation Team Monday, August 09, 2021 1:00 am http://asia.managersofwealth.com/article/64496/why-china-could-be-serious-about-a-property-tax-now China has been targeting the property sector with new restraints Tax MAS Chief Menon Says Wealth Tax May Be Needed in Singapore: ST News Aggregation Team Friday, July 23, 2021 1:00 am http://asia.managersofwealth.com/article/64254/mas-chief-menon-says-wealth-tax-may-be-needed-in-singapore-st To encourage an inclusive society, it may make sense to shift the balance in the country’s tax structure away from taxing income toward taxing wealth, the publication reported Menon as saying at an Institute of Policy Studies lecture. Tax Grant Thornton launches CFO advisory service in Australia News Aggregation Team Thursday, July 15, 2021 1:00 am http://asia.managersofwealth.com/article/64125/grant-thornton-launches-cfo-advisory-service-in-australia Kicking off his career with EY in London in 1999, Barnikel six years later relocated to the Big Four firm’s Sydney office, where he steadily rose the ranks before being promoted to partner in 2016. Tax Tax agency launches probes into offshore tax evasion News Aggregation Team Friday, July 09, 2021 1:00 am http://asia.managersofwealth.com/article/63996/tax-agency-launches-probes-into-offshore-tax-evasion The agency said it is looking into people who opened secret offshore accounts to conceal illegally earned money, and companies which evaded taxes by using fintech and other online trading platforms. Tax Global tax overhaul backed by 130 countries News Aggregation Team Friday, July 02, 2021 1:00 am http://asia.managersofwealth.com/article/63908/global-tax-overhaul-backed-by-130-countries All G20 countries, such as the US, UK China and France, did back the agreement. Tax Hong Kong Trust Industry Spotlight: Taking centre stage News Aggregation Team Friday, June 25, 2021 1:00 am http://asia.managersofwealth.com/article/63784/hong-kong-trust-industry-spotlight-taking-centre-stage An in-depth view into the growth opportunities and outlook for Hong Kong’s trust industry Tax Indonesia targets its crazy rich Asians with 35% income tax in bid to heal coronavirus-hit economy News Aggregation Team Tuesday, June 22, 2021 1:00 am http://asia.managersofwealth.com/article/63725/indonesia-targets-its-crazy-rich-asians-with-35-income-tax-in-bid-to-heal-coronavirus-hit-economy Indonesia’s need to collect more revenue comes after its budget deficit reached 6.09 per cent of GDP last year. Tax More effort required to boost trust in AI in financial sector, OECD says News Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65305/more-effort-required-to-boost-trust-in-ai-in-financial-sector-oecd-says The OECD Business and Finance Outlook 2021 says that investment in AI finance is on the rise. Comment, Analysis & Research McKinsey & Co: Over Half of APAC Open to Direct Bank Switch News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65310/mckinsey-ampamp-co-over-half-of-apac-open-to-direct-bank-switch Consumers in Hong Kong (67 percent) and Singapore (over 70 percent) expressed greater willingness to switch compared to the regional average. Comment, Analysis & Research Hong Kong rises to third place among world's financial centres News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65315/hong-kong-rises-to-third-place-among-worldamp039s-financial-centres The GFCI report is released in March and September every year since 2007. Comment, Analysis & Research Who goes there? by Tim Price News Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65317/who-goes-there-by-tim-price The premise of Who Goes There ? is that a team of scientists in Antarctica stumbles upon a crashed alien spaceship and its frozen pilot. Comment, Analysis & Research Overseas Chinese families slower with succession planning News Aggregation Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65319/overseas-chinese-families-slower-with-succession-planning EIU estimates that the overseas Chinese diaspora in Southeast Asia range from 40-60 million. Comment, Analysis & Research Amundi's Joevin Teo: «Investors Should Be Vigilant» News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65264/amundiamp039s-joevin-teo-amplaquoinvestors-should-be-vigilantampraquo First, investors should be vigilant as the continued spread of the delta variant worldwide could lead to potential deceleration in economic growth, although further lockdowns are unlikely given how governments have witnessed the devastating effects on var Comment, Analysis & Research China Evergrande chairman says to ensure home deliveries and wealth products redemption News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65265/china-evergrande-chairman-says-to-ensure-home-deliveries-and-wealth-products-redemption With $305 billion in liabilities, Evergrande is struggling to meet its debt obligations and investors worry that the rot could spread to creditors including banks in China and abroad. Comment, Analysis & Research Pros and cons for international asset managers in China News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65269/pros-and-cons-for-international-asset-managers-in-china Beijing, Shenzhen and Hainan are likewise actively implementing local support policies aimed at foreign asset management institutions Comment, Analysis & Research Vanguard accused of being a ‘lazy’ investor News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65271/vanguard-accused-of-being-a-amplsquolazyamprsquo-investor Daniel Reyes, Vanguard head of investments – Asia-Pacific, said the firm had no incentive to be a “lazy” investor solely for the purposes of driving low cost. Comment, Analysis & Research Malaysia’s new capital market blueprint aims to build sustainable and inclusive economy News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65274/malaysiaamprsquos-new-capital-market-blueprint-aims-to-build-sustainable-and-inclusive-economy The new blueprint is guided by six key development and regulatory priorities which the regulator says “will collectively serve as pillars in developing strategic initiatives over the next five years”. Comment, Analysis & Research CommBank returns $10m in cashback to customers for their everyday shopping News Team Monday, September 27, 2021 1:00 am http://asia.managersofwealth.com/article/65316/commbank-returns-10m-in-cashback-to-customers-for-their-everyday-shopping Personalised cashback programs benefit both individuals and businesses, according to CBA. Retail Banking CBA invests in Western Sydney News Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65237/cba-invests-in-western-sydney New stadium partnership and small business funding to help drive recovery in one of the nation’s key engine rooms. Retail Banking NDB initiates membership expansion, extends global outreach News Team Friday, September 03, 2021 1:00 am http://asia.managersofwealth.com/article/64960/ndb-initiates-membership-expansion-extends-global-outreach Development bank established by BRICS welcomes the admission of UAE, Uruguay and Bangladesh as new members Retail Banking China Construction Bank First-Half Net Profit Rose 11% News Aggregation Team Monday, August 30, 2021 1:00 am http://asia.managersofwealth.com/article/64854/china-construction-bank-first-half-net-profit-rose-11 there is likely to be "huge demands for financial services" from infrastructure, manufacturing, green credit and others, the bank said. Retail Banking CIMB Group net profit jumps News Team Monday, August 30, 2021 1:00 am http://asia.managersofwealth.com/article/64860/cimb-group-net-profit-jumps Dato' Abdul Rahman Ahmad, Group Chief Executive Officer of CIMB Group, said, “The Group’s solid performance reflects the progress made in our Forward23+ strategic plan and momentum from economic recovery experienced earlier in 1Q21. Retail Banking Backing businesses for the future News Team Wednesday, August 25, 2021 1:00 am http://asia.managersofwealth.com/article/64788/backing-businesses-for-the-future CBA supports Federal Government’s expanded scheme loans for small and medium businesses. Retail Banking Challenging conditions but FY21 Asset Finance lending at a 10-year high News Team Monday, August 23, 2021 1:00 am http://asia.managersofwealth.com/article/64744/challenging-conditions-but-fy21-asset-finance-lending-at-a-10-year-high "Pleasingly, despite the current lockdown restrictions in many of the states, we’re already seeing strong demand for asset finance in FY22." Retail Banking CommBank's StepPay available now News Team Wednesday, August 18, 2021 1:00 am http://asia.managersofwealth.com/article/64674/commbankamp039s-steppay-available-now CommBank’s new buy now, pay later StepPay is available anywhere CBA cards are accepted and is the first BNPL from a major bank. Retail Banking CommBank recognised as customer engagement rises across its digital channels News Team Tuesday, August 10, 2021 1:00 am http://asia.managersofwealth.com/article/64526/commbank-recognised-as-customer-engagement-rises-across-its-digital-channels Two independent research firms rank the CommBank app as Australia’s #1 mobile banking app, again. Retail Banking Westpac sells Australian life insurance business to TAL News Team Monday, August 09, 2021 1:00 am http://asia.managersofwealth.com/article/64509/westpac-sells-australian-life-insurance-business-to-tal The transaction sees Westpac exit manufacturing life insurance products and releases significant capital back to the bank. Retail Banking Credit Suisse Mulls Asian Investment Bank Consolidation News Aggregation Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65260/credit-suisse-mulls-asian-investment-bank-consolidation According to the report, a decision is due soon, as the Credit Suisse board is meeting next week to discuss the strategic review being undertaken by chairman Horta-Osorio and McKinsey & Co. Investment Bank UOB Appointed Cross-Currency Dealer for Yuan and Rupiah News Aggregation Team Tuesday, September 07, 2021 1:00 am http://asia.managersofwealth.com/article/65007/uob-appointed-cross-currency-dealer-for-yuan-and-rupiah ACCDs aim to promote the settlement of international good and services trade and direct investments in the local currencies of China and Indonesia. Investment Bank Saxo Markets Singapore crosses SGD10 billion in clients’ assets News Aggregation Team Friday, September 03, 2021 1:00 am http://asia.managersofwealth.com/article/64955/saxo-markets-singapore-crosses-sgd10-billion-in-clientsamprsquo-assets As many countries now slowly transition to a more normal state of affairs, we continue to see an increased interest in investing from both experienced investors and the many individuals investing their savings for the first time. Investment Bank Barclays Bank infuses over Rs. 3,000 crore capital to grow India operations News Team Friday, August 27, 2021 1:00 am http://asia.managersofwealth.com/article/64833/barclays-bank-infuses-over-rs-3000-crore-capital-to-grow-india-operations As economic activity gathers momentum, there is increased demand for capital from clients. Investment Bank Westpac supports NSW Land Registry Services with $300m sustainability linked loan News Team Tuesday, August 24, 2021 1:00 am http://asia.managersofwealth.com/article/64762/westpac-supports-nsw-land-registry-services-with-300m-sustainability-linked-loan The SPTs have been externally reviewed by Ernst & Young and are consistent with the Asia Pacific Loan Market Association’s Sustainability Linked Loan Principles. Investment Bank Investment banks in Australia shop for talent after raid by startups News Aggregation Team Friday, August 13, 2021 1:00 am http://asia.managersofwealth.com/article/64605/investment-banks-in-australia-shop-for-talent-after-raid-by-startups The country has seen $108.7 billion in M&A deals this year, a record high and more than quadruple the year-earlier level, making it the second-biggest market in the region after China. Investment Bank Mizuho Bumps Pay for Junior Bankers News Aggregation Team Friday, August 06, 2021 1:00 am http://asia.managersofwealth.com/article/64475/mizuho-bumps-pay-for-junior-bankers The banks are hoping stem a tide of defections of burned out bankers, and stave off moves to the tech sector, where banking talent is in demand as it muscles in on financial services. Investment Bank BNY Mellon Sweeps Twelve Industry Services Awards in Asia Pacific News Team Thursday, July 29, 2021 1:00 am http://asia.managersofwealth.com/article/64364/bny-mellon-sweeps-twelve-industry-services-awards-in-asia-pacific Awards recognize our commitment to providing world-class, innovative and collaborative investment services across the region Investment Bank Westpac predicts strong economic boost as Queensland wins 2032 Olympic Games News Team Thursday, July 22, 2021 1:00 am http://asia.managersofwealth.com/article/64245/westpac-predicts-strong-economic-boost-as-queensland-wins-2032-olympic-games "This is a big win for Queensland that will have positive impacts for the entire country, as Australia has another opportunity to be showcased on the global stage." Investment Bank Jefferies and SMBC Group Announce Strategic Alliance to Drive Growth News Team Thursday, July 15, 2021 1:00 am http://asia.managersofwealth.com/article/64121/jefferies-and-smbc-group-announce-strategic-alliance-to-drive-growth Jefferies and SMBC Group to Collaborate on Future Business Opportunities to Enhance Value to Their Clients and Accelerate Strategic Initiatives Investment Bank Hong Kong drives sustainable finance agenda in GBA News Aggregation Team Sunday, September 26, 2021 1:00 am http://asia.managersofwealth.com/article/65301/hong-kong-drives-sustainable-finance-agenda-in-gba The Greater Bay Area (GBA) Deep Decarbonisation Pathway and Transition Financing Opportunity is one of three new sustainability-focused projects to advance the region’s green agenda. Planet SOS Sustainable investing: Mobilising private capital for a greener world News Aggregation Team Sunday, September 26, 2021 1:00 am http://asia.managersofwealth.com/article/65302/sustainable-investing-mobilising-private-capital-for-a-greener-world The appetite for sustainable investing is growing, as rising environmental and social awareness show positive returns Planet SOS How financial services can use ESG initiatives to help build a brighter future for all News Aggregation Team Friday, September 24, 2021 1:00 am http://asia.managersofwealth.com/article/65296/how-financial-services-can-use-esg-initiatives-to-help-build-a-brighter-future-for-all Emphasis on thinking beyond ESG silos and leaning in on economic and societal developments Planet SOS Citibank Korea helps corporate clients adopt ESG standards News Aggregation Team Thursday, September 23, 2021 1:00 am http://asia.managersofwealth.com/article/65272/citibank-korea-helps-corporate-clients-adopt-esg-standards Based on its global networks, the lender has also enabled domestic companies, financial institutions and government agencies to raise ESG-related overseas funds. Planet SOS CBA supports Charter Hall with Australia’s first Green Development Loan News Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65253/cba-supports-charter-hall-with-australiaamprsquos-first-green-development-loan This is the first green construction facility in Australia and marks a new milestone in the development of the domestic green loan market. Planet SOS Cimb Group To Accelerate Its Ambition To Be An Asean Sustainability Leader By Mobilising RM30 Billion Towards Sustainable Finance By 2024 News Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65266/cimb-group-to-accelerate-its-ambition-to-be-an-asean-sustainability-leader-by-mobilising-rm30-billion-towards-sustainable-finance-by-2024 This sustainable finance target along with other strengthened sustainability commitments were announced at CIMB’s Sustainability Investor Day, including its goal to achieve Net Zero Greenhouse Gas emissions by 2050 Planet SOS CIMB group to accelerate its ambition to be an ASEAN sustainability leader by mobilising RM30 billion towards sustainable finance by 2024 News Team Wednesday, September 22, 2021 1:00 am http://asia.managersofwealth.com/article/65278/cimb-group-to-accelerate-its-ambition-to-be-an-asean-sustainability-leader-by-mobilising-rm30-billion-towards-sustainable-finance-by-2024 This sustainable finance target along with other strengthened sustainability commitments were announced at CIMB’s Sustainability Investor Day, including its goal to achieve Net Zero Greenhouse Gas emissions by 2050 Planet SOS Interest in sustainable investing is at an all-time high - Standard Chartered News Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65230/interest-in-sustainable-investing-is-at-an-all-time-high-standard-chartered New survey suggests sustainable investing is at a tipping point, but lack of measurement and transparency holding investors back Planet SOS China’s green ambition achievable, says Moody’s News Aggregation Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65238/chinaamprsquos-green-ambition-achievable-says-moodyamprsquos The success of China’s carbon emission reduction plan will also depend to some extent on policy directions within the major developed countries. Planet SOS Hong Kong drives sustainable finance agenda in GBA News Aggregation Team Tuesday, September 21, 2021 1:00 am http://asia.managersofwealth.com/article/65239/hong-kong-drives-sustainable-finance-agenda-in-gba The Greater Bay Area (GBA) Deep Decarbonisation Pathway and Transition Financing Opportunity is one of three new sustainability-focused projects to advance the region’s green agenda. Planet SOS NAB backs the jab with new campaign News Team Friday, September 10, 2021 1:00 am http://asia.managersofwealth.com/article/65073/nab-backs-the-jab-with-new-campaign Current forecasts show 80 per cent of eligible Australians will have had their first jab within three weeks, and their second jab by mid-November. Covid-19 Covid-19: Labuan moving towards green zone, says health director News Aggregation Team Monday, March 01, 2021 12:00 am http://asia.managersofwealth.com/article/62010/covid-19-labuan-moving-towards-green-zone-says-health-director Labuan had recorded 27 cases as of March last year and since then the number had been rising until it peaked after the Sabah state election in September last year. Covid-19 Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being News Team Tuesday, January 26, 2021 12:00 am http://asia.managersofwealth.com/article/61350/workplace-stress-during-covid-19-5-ways-to-support-your-employeesamprsquo-mental-well-being Taking care of your mental well-being is essential to staying healthy, staying resilient and moving your business forward. Covid-19 Takaful Malaysia's Successful Response to the Pandemic News Aggregation Team Friday, January 15, 2021 12:00 am http://asia.managersofwealth.com/article/61146/takaful-malaysiaamp039s-successful-response-to-the-pandemic Wong stated that Takaful Malaysia had the capability to allow remote access with a caveat. Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Thursday, December 31, 2020 12:00 am http://asia.managersofwealth.com/article/60836/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 Bosses in S'pore unlikely to mandate Covid-19 vaccination for staff: Experts News Aggregation Team Wednesday, December 30, 2020 12:00 am http://asia.managersofwealth.com/article/60812/bosses-in-samp039pore-unlikely-to-mandate-covid-19-vaccination-for-staff-experts Medical experts, human resource practitioners and business associations The Straits Times approached said employers in Singapore are unlikely to enforce the Covid-19 vaccine on their workforce. Covid-19 Islamic Finance After COVID-19 News Aggregation Team Wednesday, December 30, 2020 12:00 am http://asia.managersofwealth.com/article/60823/islamic-finance-after-covid-19 Islamic finance took a hit in 2020 but is preparing for the next surge of growth through innovation, standardization, and M&A activity. Covid-19 S.Korean financiers pick prolonged COVID-19 pandemic as biggest financial risk News Aggregation Team Monday, December 14, 2020 12:00 am http://asia.managersofwealth.com/article/60555/skorean-financiers-pick-prolonged-covid-19-pandemic-as-biggest-financial-risk The financiers saw a lower possibility for financial crisis to happen in the short and medium terms. Covid-19 COVID-19 accelerates REIT shift News Aggregation Team Wednesday, December 09, 2020 12:00 am http://asia.managersofwealth.com/article/60431/covid-19-accelerates-reit-shift “In line with this, we believe the office sector will experience a bifurcation between heavily disrupted sky rise office towers, in favour of modern “A” grade city fringe and suburban office buildings.” Covid-19 Oil prices stumble as coronavirus resurgence forces more lockdowns News Aggregation Team Monday, December 07, 2020 12:00 am http://asia.managersofwealth.com/article/60380/oil-prices-stumble-as-coronavirus-resurgence-forces-more-lockdowns “COVID restrictive measures and lockdowns across the globe seem poised to keep crude prices heavy in the short term.” Covid-19