Managers of Wealth - Asia http://asia.managersofwealth.com/ Sat, 29 Mar 2025 09:31:08 GMT part of MediaG8way Group http://asia.managersofwealth.com/ http://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP UOB Asset Management Switches its United SSE 50 China ETF’s Index to track the FTSE China A50 Index News Team Friday, March 28, 2025 12:00 am http://asia.managersofwealth.com/article/75754/uob-asset-management-switches-its-united-sse-50-china-etfamprsquos-index-to-track-the-ftse-china-a50-index The change allows for a more comprehensive coverage of China’s A-Shares market as it includes the 50 largest and most liquid A-Shares on the Shanghai and Shenzhen Stock Exchanges. Wealth and Asset Management Swiss Bank CBH Attracts Increased Client Assets News Aggregation Team Friday, March 28, 2025 12:00 am http://asia.managersofwealth.com/article/75757/swiss-bank-cbh-attracts-increased-client-assets This strong performance was driven by both positive market developments and a net inflow of 619 million francs in net new money. Wealth and Asset Management Standard Chartered Global Private Bank innovating to redefine wealth management News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75743/standard-chartered-global-private-bank-innovating-to-redefine-wealth-management The Bank leverages its global network and strengths to offer clients valuable on-the-ground insights and tailored solutions Wealth and Asset Management UBS and SuMi Trust joint venture to acquire Credit Suisse wealth management business in Japan News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75744/ubs-and-sumi-trust-joint-venture-to-acquire-credit-suisse-wealth-management-business-in-japan The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets. Wealth and Asset Management Julius Baer's HK and SG team leaders face chop in global restructure News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75751/julius-baeramp039s-hk-and-sg-team-leaders-face-chop-in-global-restructure Julius Baer is sweeping away team leader roles in Hong Kong and Singapore as part of a wider restructure to reduce costs. Wealth and Asset Management Hong Kong to 'Perfect' Family Office Incentives News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75752/hong-kong-to-amp039perfectamp039-family-office-incentives He also addresses concerns over whether Beijing's ire over CK Hutchison's Panama port deal would affect Hong Kong's financial services sector. Wealth and Asset Management UnionBank redefines wealth banking experience with its new and exclusive Wealth Center News Aggregation Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75734/unionbank-redefines-wealth-banking-experience-with-its-new-and-exclusive-wealth-center The UnionBank Wealth Center elevates the wealth banking experience through personalized, high-caliber services tailored to elite clients. Wealth and Asset Management Farrer & Co advises the members of WHEB Asset Management LLP on its acquisition by Foresight Group Holdings Limited News Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75736/farrer-ampamp-co-advises-the-members-of-wheb-asset-management-llp-on-its-acquisition-by-foresight-group-holdings-limited WHEB was also advised by Spencer House Partners, a corporate advisory firm which specialises in advising companies operating in financial services, including asset management businesses. Wealth and Asset Management HSBC to back Chinese companies in their global expansion plans, CEO Elhedery says News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75716/hsbc-to-back-chinese-companies-in-their-global-expansion-plans-ceo-elhedery-says With continued investment, China is poised to lead the future of technology-driven, resilient, and sustainable supply chains, Elhedery says Wealth and Asset Management HTL Private Office expands client offering with platform partnership News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75725/htl-private-office-expands-client-offering-with-platform-partnership The Sydney-based advice firm has announced a partnership with HeirWealth to help its advisers better meet the needs of their high-net-worth clients. Wealth and Asset Management WRISE Singapore Appoints Paul Arni as Non-Executive Director, Strengthening Corporate Governance and Strategic Vision News Aggregation Team Friday, March 28, 2025 12:00 am http://asia.managersofwealth.com/article/75753/wrise-singapore-appoints-paul-arni-as-non-executive-director-strengthening-corporate-governance-and-strategic-vision WRISE Singapore Appoints Paul Arni as Non-Executive Director, Strengthening Corporate Governance and Strategic Vision Executive Moves Sun Life Appoints Bennet Li as Senior Vice President and Chief Financial Officer for Asia News Aggregation Team Friday, March 28, 2025 12:00 am http://asia.managersofwealth.com/article/75755/sun-life-appoints-bennet-li-as-senior-vice-president-and-chief-financial-officer-for-asia In this role, Bennet will report to Tim Deacon, Executive Vice President and Chief Financial Officer, and Manjit Singh, President of Sun Life Asia. Executive Moves EQT Appoints Australia Head of Private Wealth News Aggregation Team Friday, March 28, 2025 12:00 am http://asia.managersofwealth.com/article/75756/eqt-appoints-australia-head-of-private-wealth Previously, he also worked at Colonial First State and Magellan Asset Management. Executive Moves Equity Story plots expansion, names chair News Aggregation Team Friday, March 28, 2025 12:00 am http://asia.managersofwealth.com/article/75759/equity-story-plots-expansion-names-chair Equity Story provides stock market trading information, wealth advice, research, investor education, funds management and capital markets services. Executive Moves Citi names Akira Hoshino as head of markets for Japan News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75747/citi-names-akira-hoshino-as-head-of-markets-for-japan Hoshino is tasked with driving business growth and leading the Markets franchise in Japan. Executive Moves MSC appoints operating chief News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75749/msc-appoints-operating-chief She has also been an integral part of the current executive team Executive Moves Buyout firm nabs GQG executive News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75750/buyout-firm-nabs-gqg-executive Daniel Bullock - who worked at GQG for six years - will start his new job as head of distribution at EQT in a week or two. Executive Moves Ex-VP Bank CEO Joins WRISE Singapore's Board News Aggregation Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75733/ex-vp-bank-ceo-joins-wrise-singaporeamp039s-board Prior to that, he also worked at Deutsche Bank, Julius Baer and Credit Suisse. Executive Moves Ex-Lombard Odier Singapore CEO & UBS veteran join MFO News Aggregation Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75735/ex-lombard-odier-singapore-ceo-ampamp-ubs-veteran-join-mfo Orient Wealth Advisors has added two high profile senior private bankers to its executive board. Executive Moves Citi Appoints Head of Markets for Japan News Aggregation Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75742/citi-appoints-head-of-markets-for-japan In the role, he will report to Paul Smith, head of markets for Japan, Asia North & Australia as well as Robert Nakamura, Citi country officer and banking head for Japan. Executive Moves Hong Kong Academy of Finance admits participants for the Financial Leaders Programme 2025 News Team Friday, March 28, 2025 12:00 am http://asia.managersofwealth.com/article/75758/hong-kong-academy-of-finance-admits-participants-for-the-financial-leaders-programme-2025 The FLP offers a unique opportunity for participants to engage in dialogue with top leaders in financial services and other sectors. Legal, Regulation & Compliance Japan's Core Consumer Prices Surge Above Central Bank Target News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75720/japanamp039s-core-consumer-prices-surge-above-central-bank-target Despite government subsidies, inflation pressures prompt speculation on interest rate hikes. Legal, Regulation & Compliance HDFC Bank now accepting deposits under India’s savings scheme for seniors News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75722/hdfc-bank-now-accepting-deposits-under-indiaamprsquos-savings-scheme-for-seniors HDFC will act as an agency bank and help source scheme deposits. Legal, Regulation & Compliance Charges discontinued against former director of G8 Education Limited News Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75723/charges-discontinued-against-former-director-of-g8-education-limited The CDPP conducted a further review of the matter and determined that the charges against Ms Hutson should be discontinued. Legal, Regulation & Compliance APRA makes minor changes to reporting standards News Team Friday, March 21, 2025 12:00 am http://asia.managersofwealth.com/article/75713/apra-makes-minor-changes-to-reporting-standards APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members. Legal, Regulation & Compliance ASIC puts car finance under the microscope including outcomes for regional and First Nations consumers News Team Thursday, March 20, 2025 12:00 am http://asia.managersofwealth.com/article/75705/asic-puts-car-finance-under-the-microscope-including-outcomes-for-regional-and-first-nations-consumers The review will cover the practices of seven lenders and pinpoint opportunities for improvement across the sector. Legal, Regulation & Compliance Scam Alert: Beware scammers impersonating ASIC requesting payments to release funds or assets News Team Thursday, March 20, 2025 12:00 am http://asia.managersofwealth.com/article/75706/scam-alert-beware-scammers-impersonating-asic-requesting-payments-to-release-funds-or-assets ASIC does not collect payments to enable the release of funds or assets. Legal, Regulation & Compliance Ogier's Rachel Huang recognised in China Business Law Journal's A–List 2024-25: Growth Drivers News Team Monday, March 17, 2025 12:00 am http://asia.managersofwealth.com/article/75681/ogieramp039s-rachel-huang-recognised-in-china-business-law-journalamp039s-aampndashlist-2024-25-growth-drivers Rachel has extensive experience in various corporate and capital markets matters Legal, Regulation & Compliance Former financial adviser Peter Surtenich permanently banned News Team Friday, March 14, 2025 12:00 am http://asia.managersofwealth.com/article/75668/former-financial-adviser-peter-surtenich-permanently-banned Additionally, ASIC determined that Mr Surtenich lacked the necessary judgement and competence to be a financial adviser. Legal, Regulation & Compliance MAS Monitoring Chocolate Finance to Ensure Orderly Withdrawals News Aggregation Team Thursday, March 13, 2025 12:00 am http://asia.managersofwealth.com/article/75656/mas-monitoring-chocolate-finance-to-ensure-orderly-withdrawals The regulator said that Chocolate Finance and Allfunds comply with regulations requiring customer assets to be segregated and held by licensed, independent custodians Legal, Regulation & Compliance Cambodia's Banking Evolution: Trust and Innovation at the Forefront News Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75737/cambodiaamp039s-banking-evolution-trust-and-innovation-at-the-forefront Recent data from the National Bank of Cambodia reveals a notable shift towards mobile banking. FinTech Three reasons to favor US AI companies over China's News Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75739/three-reasons-to-favor-us-ai-companies-over-chinaamp039s CIO identifies three key reasons why US AI stocks could outperform Chinese peers. FinTech The Next Frontier: How AI and Gen AI Are Transforming Wealth Management in Asia News Aggregation Team Tuesday, March 25, 2025 12:00 am http://asia.managersofwealth.com/article/75727/the-next-frontier-how-ai-and-gen-ai-are-transforming-wealth-management-in-asia As the initial wave of excitement surrounding AI innovation has settled, firms are moving beyond theoretical discussions and experimental pilot programs toward tangible, scalable applications. FinTech Singapore AI start-ups can draw funding by developing real-world solutions, say industry players News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75719/singapore-ai-start-ups-can-draw-funding-by-developing-real-world-solutions-say-industry-players Industry players told The Straits Times that creating such tailored AI tools is the way to go, rather than solely competing on cost, especially as cheaper AI models become more widely available. FinTech AI chatbots throw Singapore’s youth a mental health lifeline News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75724/ai-chatbots-throw-singaporeamprsquos-youth-a-mental-health-lifeline Nearly one-third of young people in Singapore report mental health struggles. FinTech Singapore and Viet Nam Enhance Cooperation in Financial Innovation News Aggregation Team Monday, March 17, 2025 12:00 am http://asia.managersofwealth.com/article/75670/singapore-and-viet-nam-enhance-cooperation-in-financial-innovation This MOU also enables the opportunity for cross-border retail payment connectivity using QR codes, with active participation of SBV, MAS, switching companies and commercial banks from both countries. FinTech HK's digital hub goals woo global investors News Aggregation Team Monday, March 17, 2025 12:00 am http://asia.managersofwealth.com/article/75677/hkamp039s-digital-hub-goals-woo-global-investors The bank aims to transform its Hong Kong representative office by deploying wealth management professionals. FinTech Backbase and Synpulse Partner to Accelerate Banking Transformation Across APAC News Aggregation Team Friday, March 14, 2025 12:00 am http://asia.managersofwealth.com/article/75671/backbase-and-synpulse-partner-to-accelerate-banking-transformation-across-apac The partnership provides banks with a comprehensive transformation approach that includes strategy consulting, tailored platform solutions, and localized implementation services. FinTech OSL Co-Founder Joins Crypto Custodian's Advisory Board News Aggregation Team Wednesday, March 12, 2025 12:00 am http://asia.managersofwealth.com/article/75646/osl-co-founder-joins-crypto-custodianamp039s-advisory-board Chapman was most recently a board advisor of OSL Group FinTech Joint Advisory on Scams Involving Digital Manipulation News Team Wednesday, March 12, 2025 12:00 am http://asia.managersofwealth.com/article/75649/joint-advisory-on-scams-involving-digital-manipulation Some victims were also asked to disclose personal information such as NRIC and passport details. FinTech NAB Foundation launches $50 million Impact Investment Fund with affordable housing in focus News Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75745/nab-foundation-launches-50-million-impact-investment-fund-with-affordable-housing-in-focus The IIF specifically seeks to invest in opportunities that intentionally generate a positive and measurable social and environmental impact alongside appropriate risk-adjusted financial returns. Alternative Investments Envest acquires Wealth Architects News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75748/envest-acquires-wealth-architects The combined business now employs 57 staff, including 22 advisers. Alternative Investments Morningstar Awards for Investing Excellence -Hong Kong 2025: Winners Announced News Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75741/morningstar-awards-for-investing-excellence-hong-kong-2025-winners-announced There are two types of Morningstar awards: the Morningstar Category Awards and the Morningstar Asset Manager Awards. Alternative Investments Temasek-Owned Asset Manager Opens MidEast Office News Aggregation Team Tuesday, March 25, 2025 12:00 am http://asia.managersofwealth.com/article/75726/temasek-owned-asset-manager-opens-mideast-office Seviora Group has opened a new office in Abu Dhabi Global Market Alternative Investments New Prudential Wealth Suite caters to growing high net worth segment News Aggregation Team Tuesday, March 25, 2025 12:00 am http://asia.managersofwealth.com/article/75728/new-prudential-wealth-suite-caters-to-growing-high-net-worth-segment Number of Prudential Private Client Advisors serving HNW individuals rose six-fold since 2018 to meet increased demand for specialised wealth advisory services Alternative Investments Partnership Agreement with Avispa Fukuoka to Contribute to Community Revitalization News Team Tuesday, March 25, 2025 12:00 am http://asia.managersofwealth.com/article/75730/partnership-agreement-with-avispa-fukuoka-to-contribute-to-community-revitalization SMBC will work to revitalize communities through sports, starting with the Partner Agreement with Avispa Fukuoka, which is actively working to solve social issues and create new communities. Alternative Investments Futu Collaborates with BNY Investments to Offer ETF Portfolio Strategies to Hong Kong Retail Investors News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75717/futu-collaborates-with-bny-investments-to-offer-etf-portfolio-strategies-to-hong-kong-retail-investors Futu launched the Global Tech Satellite Strategy to invest in growth sectors, primarily within the technology space, and the Multi Asset Dividend Satellite Strategy Alternative Investments BNP Paribas' Asia investment services head on US tech and DeepSeek structured products News Aggregation Team Friday, March 21, 2025 12:00 am http://asia.managersofwealth.com/article/75712/bnp-paribasamp039-asia-investment-services-head-on-us-tech-and-deepseek-structured-products The bank saw robust volumes in structured products last year, across equities, fixed income and FX asset classes. Alternative Investments Standard Chartered acted as sole financial advisor in successful M&A transaction for Keppel Infrastructure Trust News Team Friday, March 21, 2025 12:00 am http://asia.managersofwealth.com/article/75714/standard-chartered-acted-as-sole-financial-advisor-in-successful-mampampa-transaction-for-keppel-infrastructure-trust The completion of the divestment valued at USD460 million underscores the Bank’s infrastructure and energy advisory expertise Alternative Investments GROW with Singlife and aberdeen Launch New Exclusive Share Class of Global Income Bond Fund to Deliver Sustainable Payouts Amid Market Volatility News Aggregation Team Wednesday, March 19, 2025 12:00 am http://asia.managersofwealth.com/article/75687/grow-with-singlife-and-aberdeen-launch-new-exclusive-share-class-of-global-income-bond-fund-to-deliver-sustainable-payouts-amid-market-volatility This dual-market approach appeals to both conservative investors seeking stability and those pursuing higher returns. 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 OCBC chief Helen Wong’s 2024 pay up 5.8% to $12.8 million News Aggregation Team Thursday, March 27, 2025 12:00 am http://asia.managersofwealth.com/article/75746/ocbc-chief-helen-wongamprsquos-2024-pay-up-58-to-128-million Ms Wong’s annual pay for the year came in at $12.8 million, a 5.8 per cent increase from the $12.1 million she earned in 2023. Comment, Analysis & Research Banking reinvented: a new digital bank for AMP News Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75738/banking-reinvented-a-new-digital-bank-for-amp With this ground-breaking new offer, AMP Bank is positioned as a stronger, more competitive player in the Australian banking market. Comment, Analysis & Research Hong Kong Trust Industry Well Positioned for Growth as Regulations Boost Credibility and Investor Confidence, Report Shows News Aggregation Team Thursday, March 20, 2025 12:00 am http://asia.managersofwealth.com/article/75703/hong-kong-trust-industry-well-positioned-for-growth-as-regulations-boost-credibility-and-investor-confidence-report-shows The HKTA and KPMG conducted interviews with government officials and regulators, and almost 30 trust industry executives Comment, Analysis & Research How Singaporeans View Impact of AI in Financial Services News Aggregation Team Thursday, March 20, 2025 12:00 am http://asia.managersofwealth.com/article/75707/how-singaporeans-view-impact-of-ai-in-financial-services Consumers are especially bullish about the potential of AI to speed up financial transactions, with 74 percent of Singapore consumers expecting this. Comment, Analysis & Research Join the First Independent Wealth Summit in Singapore News Aggregation Team Tuesday, March 18, 2025 12:00 am http://asia.managersofwealth.com/article/75683/join-the-first-independent-wealth-summit-in-singapore In this inaugural summit of AIWM Singapore, top experts will dive into the critical role that independent wealth plays in shaping both today's and tomorrow’s market. Comment, Analysis & Research Hong Kong okays indexed life policy for the wealthy News Aggregation Team Friday, March 14, 2025 12:00 am http://asia.managersofwealth.com/article/75666/hong-kong-okays-indexed-life-policy-for-the-wealthy The so-called indexed universal life policy allows premium holders to pledge assets, such as equities and bonds, to the insurance company as a custodian in lieu of paying cash. Comment, Analysis & Research 'Next in Wealth' event equips UnionBank Elite clients for Year of the Snake News Aggregation Team Friday, March 14, 2025 12:00 am http://asia.managersofwealth.com/article/75667/amp039next-in-wealthamp039-event-equips-unionbank-elite-clients-for-year-of-the-snake They highlighted how personalized wealth management can go beyond traditional banking and empower clients to make informed financial decisions. Comment, Analysis & Research The Top 10 Family Office Trends, 2024 News Team Thursday, March 13, 2025 12:00 am http://asia.managersofwealth.com/article/75657/the-top-10-family-office-trends-2024 This report highlights this year’s key trends in the areas of family office investing, risk management, hiring, sustainability, succession, digital transformation, cybersecurity, and more. Comment, Analysis & Research Top Actuarial Organization Opens Singapore Office News Aggregation Team Thursday, March 13, 2025 12:00 am http://asia.managersofwealth.com/article/75659/top-actuarial-organization-opens-singapore-office We are thrilled to open this office to support actuaries and provide more resources in the region Comment, Analysis & Research The hidden dangers of booming family offices News Aggregation Team Wednesday, March 12, 2025 12:00 am http://asia.managersofwealth.com/article/75643/the-hidden-dangers-of-booming-family-offices Private wealth management companies for the super-rich now manage trillions of dollars globally. Critics say they are open to abuse. Comment, Analysis & Research As population shrinks, regional banks find growth in foreign customers News Aggregation Team Monday, March 24, 2025 12:00 am http://asia.managersofwealth.com/article/75721/as-population-shrinks-regional-banks-find-growth-in-foreign-customers Loan market for foreign workers tapped as new growth engine Retail Banking Hang Seng Becomes HKSTP’s First Banking ‘Green Partner’ News Aggregation Team Friday, March 14, 2025 12:00 am http://asia.managersofwealth.com/article/75669/hang-seng-becomes-hkstpamprsquos-first-banking-amplsquogreen-partneramprsquo This extended partnership underscores the burgeoning demand for financing and business opportunities fuelled by the global drive towards carbon neutrality and green transition across industries. Retail Banking Siam Commercial Bank targets top wealth manager spot in Thailand News Aggregation Team Tuesday, March 04, 2025 12:00 am http://asia.managersofwealth.com/article/75605/siam-commercial-bank-targets-top-wealth-manager-spot-in-thailand SCB CEO expects Thai assets to exceed $1t by 2028. Retail Banking Japan trader Itochu not to join Seven & i management buyout plan News Aggregation Team Friday, February 28, 2025 12:00 am http://asia.managersofwealth.com/article/75584/japan-trader-itochu-not-to-join-seven-ampamp-i-management-buyout-plan The founding family has been seeking loans and investments also from banks and investment funds to help finance the buyout deal, estimated at 9 trillion yen. Retail Banking President Prabowo launches Indonesia's first bullion banks News Aggregation Team Friday, February 28, 2025 12:00 am http://asia.managersofwealth.com/article/75586/president-prabowo-launches-indonesiaamp039s-first-bullion-banks At the launch, the president said bullion banks could help the state save foreign exchange by allowing the entire gold supply chain to stay onshore. Retail Banking Maybank Soars to New Heights News Aggregation Team Friday, February 28, 2025 12:00 am http://asia.managersofwealth.com/article/75588/maybank-soars-to-new-heights This performance was driven by an 8.1 percent rise in net operating income to RM29.57 billion. Retail Banking Citi Launches Inaugural NextGen Program For Market Sales News Team Friday, February 28, 2025 12:00 am http://asia.managersofwealth.com/article/75589/citi-launches-inaugural-nextgen-program-for-market-sales The program will focus on four major pillars: mentorship, networking, growth, and learning. Retail Banking SCB offers more overseas wealth options News Aggregation Team Friday, February 28, 2025 12:00 am http://asia.managersofwealth.com/article/75590/scb-offers-more-overseas-wealth-options Goal is B180bn in assets managed Retail Banking HSBC reports $2bn outflow from Asia in fourth quarter News Aggregation Team Thursday, February 20, 2025 12:00 am http://asia.managersofwealth.com/article/75540/hsbc-reports-2bn-outflow-from-asia-in-fourth-quarter The bank announced a range of cost-cutting measures, looking to reduce expenses by $300m this year and $1.5bn a year from 2026 Retail Banking Private Vietnamese lender DongA Bank renamed Vikki Bank News Aggregation Team Tuesday, February 18, 2025 12:00 am http://asia.managersofwealth.com/article/75519/private-vietnamese-lender-donga-bank-renamed-vikki-bank The new name of the bank is "Vikki Digital One Member Bank" (Vikki Bank). Retail Banking Nomura to Launch Global Marketing Tour News Team Wednesday, March 26, 2025 12:00 am http://asia.managersofwealth.com/article/75740/nomura-to-launch-global-marketing-tour The team will meet with Japanese domestic institutional investors, large private wealth investors, overseas sovereign funds, pension funds and global funds, as well as holding seminars with outside experts. Investment Bank Nomura to Issue 100th Anniversary Commemorative Dividend News Team Thursday, February 06, 2025 12:00 am http://asia.managersofwealth.com/article/75454/nomura-to-issue-100th-anniversary-commemorative-dividend Nomura would like to express its sincere gratitude to its shareholders and all stakeholders for their support over the years. Investment Bank Deutsche Bank partners with Yonyou to support Chinese enterprises going global News Team Monday, January 27, 2025 12:00 am http://asia.managersofwealth.com/article/75389/deutsche-bank-partners-with-yonyou-to-support-chinese-enterprises-going-global Deutsche Bank and Yonyou have signed a strategic MOU to empower Chinese enterprises with innovative digital financial solutions and support their global expansion. Investment Bank Japanese banks post efficiency gains as interest rate hikes boost profits News Aggregation Team Tuesday, December 24, 2024 12:00 am http://asia.managersofwealth.com/article/75201/japanese-banks-post-efficiency-gains-as-interest-rate-hikes-boost-profits The cost-to-income ratio measures the proportion of a bank's operating expenses to its operating income. Investment Bank 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 DBS named World’s Best Bank for Sustainable Finance by Global Finance News Team Monday, February 24, 2025 12:00 am http://asia.managersofwealth.com/article/75550/dbs-named-worldamprsquos-best-bank-for-sustainable-finance-by-global-finance Recognised for leadership in sustainable finance, including innovative solutions that accelerate Asia's transition agenda, drive cross-border impact, and empower corporates and SMEs Planet SOS Policy and investment need to prioritise renewable energy News Aggregation Team Monday, January 27, 2025 12:00 am http://asia.managersofwealth.com/article/75390/policy-and-investment-need-to-prioritise-renewable-energy Bangladesh has slowly been investing in green finance initiatives through the banking sector, but the transition to a society free of fossil fuel use will require a lot more investment in the renewable energy sector Planet SOS Trump’s climate policy and its impact on investments News Team Thursday, January 23, 2025 12:00 am http://asia.managersofwealth.com/article/75369/trumpamprsquos-climate-policy-and-its-impact-on-investments In practice, this means that the US no longer has to submit a climate action plan to the United Nations every five years. Planet SOS Mirova Commits USD10 million to Global Commercial & Industrial Solar Leader ecoligo to Fuel Its Growth in Vietnam News Team Friday, January 17, 2025 12:00 am http://asia.managersofwealth.com/article/75335/mirova-commits-usd10-million-to-global-commercial-ampamp-industrial-solar-leader-ecoligo-to-fuel-its-growth-in-vietnam ecoligo has successfully raised €74 million to date and currently manages a global portfolio of 100 MWp, comprising 200 projects. Planet SOS Bank DBS Indonesia introduces first ever Sustainability-Linked Trade Finance Facility for PT. Indo-Rama Synthetics Tbk | Bahasa News Team Thursday, January 16, 2025 12:00 am http://asia.managersofwealth.com/article/75328/bank-dbs-indonesia-introduces-first-ever-sustainability-linked-trade-finance-facility-for-pt-indo-rama-synthetics-tbk-bahasa DBS Bank's commitment to sustainability is reflected in its concrete steps, becoming the first Singaporean bank to pledge to achieve net-zero emissions by 2050 or earlier. Planet SOS Australia and Singapore Collaborate to Support Sustainable Infrastructure and Decarbonisation in Southeast Asia News Team Thursday, December 05, 2024 12:00 am http://asia.managersofwealth.com/article/75090/australia-and-singapore-collaborate-to-support-sustainable-infrastructure-and-decarbonisation-in-southeast-asia The investment will support clean energy transition and sustainable infrastructure development across Southeast Asia. Planet SOS DBS continues to break new ground in China as first Southeast Asian bank to leverage PBOC’s Carbon Emission Reduction Facility for issuance of green loan News Team Wednesday, August 21, 2024 1:00 am http://asia.managersofwealth.com/article/74404/dbs-continues-to-break-new-ground-in-china-as-first-southeast-asian-bank-to-leverage-pbocamprsquos-carbon-emission-reduction-facility-for-issuance-of-green-loan When completed, the project is expected to generate about 270 gigawatt hours of renewable energy Planet SOS Court finds Active Super made misleading ESG claims in a greenwashing action brought by ASIC News Team Wednesday, June 05, 2024 1:00 am http://asia.managersofwealth.com/article/73894/court-finds-active-super-made-misleading-esg-claims-in-a-greenwashing-action-brought-by-asic Active Super claimed in its marketing that it eliminated investments that posed too great a risk to the environment and the community, including gambling, coal mining and oil tar sands. Planet SOS 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