Managers of Wealth - Asia http://asia.managersofwealth.com/ Sat, 21 Dec 2024 11:34:04 GMT part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP HSBC Chairman Seeks to Improve UK-China Ties News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75183/hsbc-chairman-seeks-to-improve-uk-china-ties HSBC chairman Mark Tucker will lead a British business delegation to China in January 2025 Wealth and Asset Management St. James’s Place Hong Kong's Vision for Private Wealth Management in 2025 News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75180/st-jamesamprsquos-place-hong-kongamp039s-vision-for-private-wealth-management-in-2025 Wickham highlights how St. James’s Place is preparing to capitalize on opportunities and deliver value to clients and advisers alike. Wealth and Asset Management Wellington offers flagship fund in Hong Kong and SIngapore News Aggregation Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75154/wellington-offers-flagship-fund-in-hong-kong-and-singapore The Wellington Global Quality Growth fund is now available to retail investors in Hong Kong and Singapore. Wealth and Asset Management JBWere expands fixed income offering powered by UBS Asset Management News Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75157/jbwere-expands-fixed-income-offering-powered-by-ubs-asset-management The new suite of strategies, designed exclusively for JBWere’s wholesale clients, provide access to expertly managed defensive assets at a time of increased demand for sophisticated fixed income solutions. Wealth and Asset Management HPS Investment Partners strikes partnership with Endowus News Aggregation Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75163/hps-investment-partners-strikes-partnership-with-endowus Endowus' private wealth clients can now access HPS Investment Partners' evergreen private credit solution, ahead of BlackRock's acquisition of HPS, set to close by mid-2025. Wealth and Asset Management Top China wealth manager expands to Japan as home market stalls News Aggregation Team Monday, December 16, 2024 12:00 am http://asia.managersofwealth.com/article/75148/top-china-wealth-manager-expands-to-japan-as-home-market-stalls Noah targets growing population of Chinese buying property and residing there Wealth and Asset Management Thai Wealth Management in Transition: KKP's Strategic Vision for 2025 News Aggregation Team Monday, December 16, 2024 12:00 am http://asia.managersofwealth.com/article/75149/thai-wealth-management-in-transition-kkpamp039s-strategic-vision-for-2025 Private wealth management in Thailand has continued to evolve toward reducing local market bias, driven by the limited breadth and depth of local opportunities. Wealth and Asset Management Private Banks Ignore Asia’s HNWIs News Aggregation Team Friday, December 13, 2024 12:00 am http://asia.managersofwealth.com/article/75140/private-banks-ignore-asiaamprsquos-hnwis In Asia, getting an adequately tailored portfolio for clients with less than $1-2 million in investable assets is almost impossible. Wealth and Asset Management BlackRock accelerates wealth access to private markets in Europe, Middle East and Asia Pacific News Aggregation Team Thursday, December 12, 2024 12:00 am http://asia.managersofwealth.com/article/75135/blackrock-accelerates-wealth-access-to-private-markets-in-europe-middle-east-and-asia-pacific Investors into the platform will benefit from exposure to a collection of strategies leveraging the new ELTIF 2.0 wrapper across private equity, multi-alternatives, infrastructure, private debt and real estate. Wealth and Asset Management Mainland Chinese investors not impressed with Wealth Management Connect expansion News Aggregation Team Wednesday, December 11, 2024 12:00 am http://asia.managersofwealth.com/article/75123/mainland-chinese-investors-not-impressed-with-wealth-management-connect-expansion Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say Wealth and Asset Management Private Banking Veteran to Join BOS' Board News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75182/private-banking-veteran-to-join-bosamp039-board Tee Fong Seng will become a member of the board of directors at Bank of Singapore Executive Moves Real Asset Management taps DWS sales exec News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75185/real-asset-management-taps-dws-sales-exec At the private credit specialist fund, he will also play a key role in fostering strong engagement with investors in the ASX-listed RAM Essential Services Property Fund. Executive Moves Zenith hires from Preqin and Morningstar News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75186/zenith-hires-from-preqin-and-morningstar Based in Sydney, they will report to Zenith's head of sales, Glenn Boyes. Executive Moves Iress bids farewell to wealth CTO News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75177/iress-bids-farewell-to-wealth-cto Anthony Gerrits first joined the technology firm in July 2018 as its head of technology delivery for portfolio. Executive Moves MFS adds to its EMD team News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75178/mfs-adds-to-its-emd-team The US investment manager has hired a former Columbia Threadneedle emerging markets debt specialist. Executive Moves Natixis IM Appoints Regional Head of Wealth News Aggregation Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75166/natixis-im-appoints-regional-head-of-wealth Based in Singapore, he reports to Dora Seow, CEO, Natixis IM Singapore. Executive Moves AMP and Iress directors join AICD board News Aggregation Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75171/amp-and-iress-directors-join-aicd-board She has now joined the national board of the AICD representing the Victorian division. Executive Moves Barings hires HK and SG wealth distribution head News Aggregation Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75172/barings-hires-hk-and-sg-wealth-distribution-head The $431bn US asset manager has recruited a Hong Kong-based industry veteran from an old rival. Executive Moves Indosuez WM's Ex-Asia Chief Resurfaces News Aggregation Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75155/indosuez-wmamp039s-ex-asia-chief-resurfaces Based in Singapore, he will also become a member of the bank’s private clients executive committee and report to Frédéric Rochat, managing partner and co-head of the private clients division. Executive Moves Former CS banker to join BNP Paribas with a team News Aggregation Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75156/former-cs-banker-to-join-bnp-paribas-with-a-team The senior banker has worked at BNP Paribas WM before, as well as other banks including DBS Private Bank and J Safra Sarasin. Executive Moves Korea Said to Fine Barclays, Citi for Naked Short Selling News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75181/korea-said-to-fine-barclays-citi-for-naked-short-selling The final penalties by the SFC were roughly 80% lower than the fines proposed earlier by the Financial Supervisory Service as the commission deemed the banks’ violation of rules as unintentional Legal, Regulation & Compliance SFC and CSRC top management meet in Beijing News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75187/sfc-and-csrc-top-management-meet-in-beijing The two sides followed up on items of cooperation raised at November’s high-level meeting and explored ways to further strengthen regulatory cooperation, enhance the mutual market access scheme Legal, Regulation & Compliance ASIC sues crypto company Binance Australia Derivatives for consumer protection failures News Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75176/asic-sues-crypto-company-binance-australia-derivatives-for-consumer-protection-failures Retail clients trading financial products, in this case, crypto derivative products, have important rights and consumer protections under Australian financial services laws. Legal, Regulation & Compliance Spanish Golden Visa Program Set for Potential Changes by 2025 News Aggregation Team Monday, December 16, 2024 12:00 am http://asia.managersofwealth.com/article/75150/spanish-golden-visa-program-set-for-potential-changes-by-2025 This development creates a limited window of opportunity for individuals interested in securing a Spanish Golden Visa under the current regulations. Legal, Regulation & Compliance ASIC sues HSBC Australia alleging failures to adequately protect customers from scams News Team Monday, December 16, 2024 12:00 am http://asia.managersofwealth.com/article/75152/asic-sues-hsbc-australia-alleging-failures-to-adequately-protect-customers-from-scams Between January 2020 and August 2024, HSBC received approximately 950 reports of unauthorised transactions, resulting in customer losses of about $23 million. Legal, Regulation & Compliance China’s woes drive shift to looser monetary policy News Team Friday, December 13, 2024 12:00 am http://asia.managersofwealth.com/article/75142/chinaamprsquos-woes-drive-shift-to-looser-monetary-policy The announcement on 9 December builds on a series of stimulus measures rolled out by China in recent months. Legal, Regulation & Compliance Website and Internet Banking Login Screen Alert – Fraudulent website and internet banking login screen related to China CITIC Bank International Limited News Team Tuesday, December 10, 2024 12:00 am http://asia.managersofwealth.com/article/75114/website-and-internet-banking-login-screen-alert-ampndash-fraudulent-website-and-internet-banking-login-screen-related-to-china-citic-bank-international-limited The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. Legal, Regulation & Compliance ASIC accepts court enforceable undertaking from Northern Territory pawnbroker for unlicensed credit News Team Monday, December 09, 2024 12:00 am http://asia.managersofwealth.com/article/75106/asic-accepts-court-enforceable-undertaking-from-northern-territory-pawnbroker-for-unlicensed-credit Lend NT and Ms Te Maro admitted that Lend NT contravened sections 29 and 32 of the National Credit Act by providing Drive Away Loans to consumers. Legal, Regulation & Compliance The Seventh Hong Kong-Switzerland Financial Dialogue News Team Thursday, December 05, 2024 12:00 am http://asia.managersofwealth.com/article/75087/the-seventh-hong-kong-switzerland-financial-dialogue During the meeting, the representatives discussed regional and domestic outlook and policy challenges Legal, Regulation & Compliance ASIC signals ongoing work to maximise benefits of the reportable situations regime Background News Team Wednesday, December 04, 2024 12:00 am http://asia.managersofwealth.com/article/75085/asic-signals-ongoing-work-to-maximise-benefits-of-the-reportable-situations-regime-background We call on licensees to assess their own arrangements against the findings and prioritise where improvements may be required. Legal, Regulation & Compliance Sygnum Singapore and Moomoo Singapore partner to offer crypto fund on trading platform News Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75173/sygnum-singapore-and-moomoo-singapore-partner-to-offer-crypto-fund-on-trading-platform Moomoo Singapore is Sygnum Singapore’s first distribution partner for an asset management product. FinTech Beyond Bank and Cognizant join forces to lead the future of customer-owned banking News Team Thursday, December 12, 2024 12:00 am http://asia.managersofwealth.com/article/75137/beyond-bank-and-cognizant-join-forces-to-lead-the-future-of-customer-owned-banking Beyond Bank Australia leverages Cognizant's expertise to modernize IT infrastructure and enhance operational resilience. FinTech Revolut Launches Joint Accounts in Singapore News Aggregation Team Wednesday, December 11, 2024 12:00 am http://asia.managersofwealth.com/article/75129/revolut-launches-joint-accounts-in-singapore Revolut's Joint Accounts feature aims to simplify financial management for various types of duos FinTech Valiram Taps Atome to Offer ‘Buy Now, Pay Later’ in Malaysia and Singapore News Aggregation Team Wednesday, December 04, 2024 12:00 am http://asia.managersofwealth.com/article/75079/valiram-taps-atome-to-offer-amplsquobuy-now-pay-lateramprsquo-in-malaysia-and-singapore This enables Valiram's customers to split their purchases into multiple interest-free payments. FinTech AI Revolution Set to Triple Southeast Asia’s Data Center Capacity by 2030 News Aggregation Team Wednesday, December 04, 2024 12:00 am http://asia.managersofwealth.com/article/75080/ai-revolution-set-to-triple-southeast-asiaamprsquos-data-center-capacity-by-2030 With billions of dollars already poured in, Southeast Asia is uniquely positioned to benefit from this trend FinTech MUFG to buy robo-advisor for $664m News Aggregation Team Monday, December 02, 2024 12:00 am http://asia.managersofwealth.com/article/75061/mufg-to-buy-robo-advisor-for-664m Mitsubishi UFJ Financial Group (MUFG) says it will pay $664 million to take 100% ownership of robo-advisor WealthNavi. FinTech Why identity management is an essential investment for Australian financial services providers in 2025 News Aggregation Team Monday, December 02, 2024 12:00 am http://asia.managersofwealth.com/article/75066/why-identity-management-is-an-essential-investment-for-australian-financial-services-providers-in-2025 That's to be expected, given the well documented benefits such a strategy can deliver. FinTech Fintech ecosystem can benefit from innovation News Aggregation Team Monday, December 02, 2024 12:00 am http://asia.managersofwealth.com/article/75067/fintech-ecosystem-can-benefit-from-innovation Traditional financial institutions, such as commercial banks, struggle with issues like asset valuation, credit history, and lack of collateral. FinTech Hong Kong Students Interested in GBA Fintech Career News Aggregation Team Thursday, November 28, 2024 12:00 am http://asia.managersofwealth.com/article/75044/hong-kong-students-interested-in-gba-fintech-career Amongst the sectors that some believe will be a major beneficiary of development is financial technology. FinTech Top advisers champions in two key areas: Iress News Aggregation Team Friday, November 22, 2024 12:00 am http://asia.managersofwealth.com/article/75011/top-advisers-champions-in-two-key-areas-iress The data suggests that a third of advice businesses 'almost always' use digital signing services with clients FinTech Perpetual/KKR deal ruled ‘not in best interest of shareholders’ News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75174/perpetualkkr-deal-ruled-amplsquonot-in-best-interest-of-shareholdersamprsquo As a result, the previously-announced advised range in respect of tax and duties rose dramatically from $106-227 million to $493-529 million. Alternative Investments M&G unveils new large-cap fund for AA-rated Japan star Vine News Aggregation Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75167/mampampg-unveils-new-large-cap-fund-for-aa-rated-japan-star-vine The fund house backs outperformer Carl Vine to deliver with another country-specific strategy. Alternative Investments Macquarie Real Estate Partners announces investment in IDA, a specialist real estate private credit and investment manager News Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75168/macquarie-real-estate-partners-announces-investment-in-ida-a-specialist-real-estate-private-credit-and-investment-manager IDA’s founding partners Adam Kaye, Robbie Fallon and Jeremy Urbach will retain majority ownership and continue to lead IDA’s day-to-day management. Alternative Investments Mason Stevens to be acquired in PE deal News Aggregation Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75170/mason-stevens-to-be-acquired-in-pe-deal The investment is expected to support Mason Stevens to further develop innovative solutions for advisers and wealth practices to deliver sophisticated investment offerings to their end-clients. Alternative Investments Ares Management Expands Access to Leading Private Equity Secondaries Strategy for Australia Wealth Channel News Team Friday, December 13, 2024 12:00 am http://asia.managersofwealth.com/article/75143/ares-management-expands-access-to-leading-private-equity-secondaries-strategy-for-australia-wealth-channel Ares Wealth Management Solutions to Provide Wholesale Clients Access to Ares Private Markets Fund Through New Trust Alternative Investments Independent Reserve Strengthens Asian Presence With New Office in Singapore - Bitcoin Breaks $100K News Aggregation Team Thursday, December 12, 2024 12:00 am http://asia.managersofwealth.com/article/75131/independent-reserve-strengthens-asian-presence-with-new-office-in-singapore-bitcoin-breaks-100k This shift is likely attributed to the underperformance of the ISM Services PMI (52.1% actual vs. 55.5% consensus) as well as Chairman Jerome Powell's speech. Alternative Investments Mauritius’ strategic role in the China-Africa trade and investment partnership News Team Wednesday, December 11, 2024 12:00 am http://asia.managersofwealth.com/article/75122/mauritiusamprsquo-strategic-role-in-the-china-africa-trade-and-investment-partnership This overseas investment is being supported by new initiatives like the African Continental Free Trade Area, which promotes the growth of regional value chains by offering Chinese businesses access to a larger unified African market. Alternative Investments AllianzGI Approved for China Pension Firm Stake News Aggregation Team Wednesday, December 11, 2024 12:00 am http://asia.managersofwealth.com/article/75126/allianzgi-approved-for-china-pension-firm-stake This makes it the first foreign asset manager to own a stake in the pension insurer. Alternative Investments APRA to phase out AT1 as eligible bank capital News Team Wednesday, December 11, 2024 12:00 am http://asia.managersofwealth.com/article/75128/apra-to-phase-out-at1-as-eligible-bank-capital An effective regulatory framework in a crisis is important to safeguard the interests of depositors, limit risks to financial stability, and avoid the need for taxpayer funded support. Alternative Investments Noah Showcases Global Expansion and Investment Product Leadership at 2024 Corporate Open Day News Team Tuesday, December 10, 2024 12:00 am http://asia.managersofwealth.com/article/75115/noah-showcases-global-expansion-and-investment-product-leadership-at-2024-corporate-open-day At the event, Noah's executive management team outlined the Company's strategic initiatives including global expansion, innovation, and competitive global investment product offerings and comprehensive service matrix. Alternative Investments 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 New Zealand to enforce OECD tax reporting frameworks by 2026 News Aggregation Team Tuesday, September 03, 2024 1:00 am http://asia.managersofwealth.com/article/74477/new-zealand-to-enforce-oecd-tax-reporting-frameworks-by-2026 The measure aims to prevent tax evasion by ensuring firms provide information on transactions in digital assets. Tax Super balances drive household wealth growth News Aggregation Team Friday, December 20, 2024 12:00 am http://asia.managersofwealth.com/article/75184/super-balances-drive-household-wealth-growth High property prices were the largest driver of the rise, contributing 0.9 percentage points to the overall 2.4% rise in household wealth. Comment, Analysis & Research Cbus to play key role in new Bluey movie News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75175/cbus-to-play-key-role-in-new-bluey-movie The film is to be rolled out in cinemas across the globe under the Disney banner and later streamed on Disney+. It will also air on ABC iView and ABC Kids thereafter. Comment, Analysis & Research Global Finance Names The World’s Best Trade Finance Providers 2025 News Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75158/global-finance-names-the-worldamprsquos-best-trade-finance-providers-2025 Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies. Comment, Analysis & Research Henley & Partners Expands to Phnom Penh, Cambodia News Aggregation Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75159/henley-ampamp-partners-expands-to-phnom-penh-cambodia With its new office in Phnom Penh, Henley & Partners aims to provide direct access to its expertise in residence and citizenship planning. Comment, Analysis & Research Why private debt is set to soar in Asia’s $63 trillion credit market News Team Tuesday, December 17, 2024 12:00 am http://asia.managersofwealth.com/article/75165/why-private-debt-is-set-to-soar-in-asiaamprsquos-63-trillion-credit-market While the asset class has grown more slowly in Asia than in the U.S., UK and Europe Comment, Analysis & Research Nomura Individual Investor Survey News Team Friday, December 13, 2024 12:00 am http://asia.managersofwealth.com/article/75138/nomura-individual-investor-survey The Nomura Individual Investor Survey is a periodic survey conducted with the aim of better understanding investing activity by individuals and providing information on related trends. Comment, Analysis & Research Indonesia’s 50 Richest 2024: Combined Wealth Climbs To $263 Billion Amid Steady Economic Growth News Aggregation Team Friday, December 13, 2024 12:00 am http://asia.managersofwealth.com/article/75144/indonesiaamprsquos-50-richest-2024-combined-wealth-climbs-to-263-billion-amid-steady-economic-growth The minimum net worth to qualify crosses $1 billion for the first time. Comment, Analysis & Research What are some of the current challenges for mental health in the workplace? News Team Friday, December 13, 2024 12:00 am http://asia.managersofwealth.com/article/75146/what-are-some-of-the-current-challenges-for-mental-health-in-the-workplace In today’s corporate environment, the term "mental health" is increasingly being discussed Comment, Analysis & Research Philippines’ Khos Set Up Family Office in Hong Kong News Aggregation Team Wednesday, December 11, 2024 12:00 am http://asia.managersofwealth.com/article/75127/philippinesamprsquo-khos-set-up-family-office-in-hong-kong This move reflects our unwavering confidence in Hong Kong's status as a leading international financial center,» commented TKG executive vice president James Fok. Comment, Analysis & Research NRI Launches "NRI STREAM" Accelerating Digital Transformation in Asset Management News Team Monday, December 09, 2024 12:00 am http://asia.managersofwealth.com/article/75112/nri-launches-ampquotnri-streamampquot-accelerating-digital-transformation-in-asset-management The new solution will be adopted by SBI Securities, Nikko Asset Management and Resona Asset Management Comment, Analysis & Research Citi Establishes Securities Lending Collaboration News Aggregation Team Thursday, December 19, 2024 12:00 am http://asia.managersofwealth.com/article/75179/citi-establishes-securities-lending-collaboration The collaboration will take advantage of the large ASEAN client base of Maybank Securities as well as Citi’s securities lending platform Retail Banking CIMB launches Malaysia’s first e-invoice payment terminal News Aggregation Team Wednesday, December 18, 2024 12:00 am http://asia.managersofwealth.com/article/75169/cimb-launches-malaysiaamprsquos-first-e-invoice-payment-terminal The device also functions as a standalone Point-Of-Sale (POS) system. Retail Banking Deutsche Bank launches merchant solutions in Asia Pacific, empowering eCommerce growth News Team Thursday, December 05, 2024 12:00 am http://asia.managersofwealth.com/article/75091/deutsche-bank-launches-merchant-solutions-in-asia-pacific-empowering-ecommerce-growth DataMesh consolidates cross-border payment data and enables Deutsche Bank’s clients to centrally manage their payments across currency borders and different jurisdictions. Retail Banking ASX Release - Completion of AMP Advice transaction News Team Monday, December 02, 2024 12:00 am http://asia.managersofwealth.com/article/75064/asx-release-completion-of-amp-advice-transaction The new partnership creates a sustainable business model for AMP Advice, while providing advisers continuity of services, relationships and retention of their community. Retail Banking Maybank recognises financial literacy champions at the 3rd Regional Financial Education Excellence Awards 2024 in the Philippines News Team Wednesday, November 27, 2024 12:00 am http://asia.managersofwealth.com/article/75034/maybank-recognises-financial-literacy-champions-at-the-3rd-regional-financial-education-excellence-awards-2024-in-the-philippines Group continues commitment in financial literacy, positively impacting over 370,000 children, trained more than 6,300 teachers across 1,370 schools in eight countries. Retail Banking Hang Seng Bank Unveils Newly Renovated Hong Kong Main Branch with the Debut of the Market-New 'Come to You' Service Concept News Team Tuesday, November 19, 2024 12:00 am http://asia.managersofwealth.com/article/74979/hang-seng-bank-unveils-newly-renovated-hong-kong-main-branch-with-the-debut-of-the-market-new-amp039come-to-youamp039-service-concept Applications of Innovative Technology and Environmental-friendly Designs Retail Banking Access Bank UK expands footprint with Hong Kong branch News Aggregation Team Friday, November 15, 2024 12:00 am http://asia.managersofwealth.com/article/74967/access-bank-uk-expands-footprint-with-hong-kong-branch The launch of the Hong Kong branch establishes Access Bank UK Retail Banking Sale of Commonwealth Private’s personal advice business News Team Tuesday, November 12, 2024 12:00 am http://asia.managersofwealth.com/article/74941/sale-of-commonwealth-privateamprsquos-personal-advice-business This decision reflects the evolving needs of high-net-worth clients and aligns with our strategy to focus on expanding our private banking services and deliver the best long-term outcomes for them. Retail Banking Westpac FY24 Result News Team Monday, November 04, 2024 12:00 am http://asia.managersofwealth.com/article/74883/westpac-fy24-result The impact of overseas elections and geopolitical uncertainty remain difficult to predict and therefore it makes sense to maintain a strong balance sheet. Retail Banking Organisational changes to improve operational performance News Team Friday, November 01, 2024 12:00 am http://asia.managersofwealth.com/article/74866/organisational-changes-to-improve-operational-performance As part of these changes, a group-wide operations function will bring together existing operations functions to create greater alignment and support each division more effectively. Retail Banking Barclays Bank PLC and the Barclays Private Bank relocate to Raheja Altimus, Worli in Mumbai News Team Monday, December 16, 2024 12:00 am http://asia.managersofwealth.com/article/75151/barclays-bank-plc-and-the-barclays-private-bank-relocate-to-raheja-altimus-worli-in-mumbai Move in line with ambition to further grow its businesses in India Investment Bank Deutsche Bank invests in India growth strategy with EUR 571m capital increase News Team Friday, November 08, 2024 12:00 am http://asia.managersofwealth.com/article/74924/deutsche-bank-invests-in-india-growth-strategy-with-eur-571m-capital-increase Deutsche Bank increases regulatory capital in India by 33% since 2023 Investment Bank Morgan Stanley Approved for China Futures Unit News Aggregation Team Wednesday, November 06, 2024 12:00 am http://asia.managersofwealth.com/article/74903/morgan-stanley-approved-for-china-futures-unit Morgan Stanley Futures (China) was listed as a licensed institution for the first time by the China Securities Regulatory Commission. Investment Bank Statement on Administrative Action by Japan's Financial Services Agency News Team Friday, November 01, 2024 12:00 am http://asia.managersofwealth.com/article/74865/statement-on-administrative-action-by-japanamp039s-financial-services-agency We apologize to our clients and all other concerned parties for the trouble this has caused. Investment Bank Metrobank drops fund management to focus on new strategy News Aggregation Team Friday, November 01, 2024 12:00 am http://asia.managersofwealth.com/article/74870/metrobank-drops-fund-management-to-focus-on-new-strategy Investment banking provides complex financial services, including initial public offerings, to large clients. Investment Bank UBS Chief Technology Officer: The Bank's Biggest Risk News Aggregation Team Friday, October 11, 2024 1:00 am http://asia.managersofwealth.com/article/74728/ubs-chief-technology-officer-the-bankamp039s-biggest-risk In the coming weeks, the bank will begin migrating customers booked in Luxembourg and Hong Kong, followed shortly by Singapore. Investment Bank Deutsche Bank launches BASF’s first sustainability-linked payables finance program in Asia News Team Friday, August 02, 2024 1:00 am http://asia.managersofwealth.com/article/74275/deutsche-bank-launches-basfamprsquos-first-sustainability-linked-payables-finance-program-in-asia The program will support BASF’s activities in China. Investment Bank Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management News Aggregation Team Wednesday, July 31, 2024 1:00 am http://asia.managersofwealth.com/article/74256/japanamp039s-nomura-triples-profit-in-q1-as-end-of-deflation-spurs-wealth-management The results show the progress Nomura has made in shifting toward a fees-based profit model in order to secure more consistent revenue that is less subject to market swings. Investment Bank Citi to boost investment banking headcount in India betting on deals surge News Aggregation Team Friday, July 19, 2024 1:00 am http://asia.managersofwealth.com/article/74191/citi-to-boost-investment-banking-headcount-in-india-betting-on-deals-surge A sharp surge in equity deals in India has made it a bright spot in an otherwise dull Asia. Investment Bank Hong Kong banks ramped up hiring but investment bankers laid off News Aggregation Team Monday, July 08, 2024 1:00 am http://asia.managersofwealth.com/article/74098/hong-kong-banks-ramped-up-hiring-but-investment-bankers-laid-off Trade and private bankers are most in demand, although banks are cautious. Investment Bank 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 What could India’s election result mean for renewable energy? News Team Wednesday, June 05, 2024 1:00 am http://asia.managersofwealth.com/article/73897/what-could-indiaamprsquos-election-result-mean-for-renewable-energy India has also set up a National Green Hydrogen Mission as part of a plan to become a leading producer, user and exporter of the clean fuel Planet SOS 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