Managers of Wealth Asia Pacific

AMP defends hefty remuneration bill

Last year De Ferrari received $4 million in fixed remuneration and short term incentives.

MEASA private wealth opportunities during uncertain times

The DIFC has become one of the largest wealth centres between Europe and Singapore, with over $420B of Assets managed.

U.S. DoJ Posts Record-High Asset Recovery via 1MDB Settlement

According to a DoJ statement, $49 million was recovered which when totaled with previous 1MDB-related money laundering and bribery cases represented an all-time record of $1.1 billion.

ME Bank saga could impact super funds

The customers who were impacted from this move by ME Bank held what the bank terms "legacy home loans" written more than five years ago.

Hong Kong’s Exchange Fund incurs record quarterly loss

The worst quarterly performance was due to [the fact] that the coronavirus pandemic battered global markets in recent weeks.

Almost $1bn wiped off risk market

MLC gained 7.3% in risk sales. It was the only insurer other than TAL to have an increase.

Superannuation startup launches raise

The fund was founded by former IG colleagues Peter Stanhope and Martin Batur, and Branka Injac Misic.

Adviser salaries in 2020 revealed

Riva Recruitment said with all big four banks' having now signalled their intention to exit financial planning, there will be an influx of candidates for advice roles, many of which will need to adjust their expectations.

HSBC Life China to buy out its joint venture partner

China's new rules abolished caps on foreign ownership of securities, futures and life insurance firms.

Thinking straight in the spaghetti economy

Significant rallies across equity markets helpfully coincided with massive central bank intervention in debt markets.

PBoC: «Fintechs Make Better Services Than Traditional Banks»

The central bank had reportedly begun limited electronic payment trialing last month, reportedly for potential real usage in the Tokyo Olympics.

Aussie banks battered by pandemic

This will revolve around the extent of support that banks provide for Australian business and mortgage holders.

Qatar- Islamic finance gaining stronger foothold in China

Some of the BRI projects will go through core Islamic finance countries and therefore likely will be financed in Shariah-compliant ways.

Banks scramble to patch systems, enact workarounds as coronavirus pandemic upends operations

Banks raced to source laptops, boost bandwidth for staff working from home

Banks scramble to patch systems, enact workarounds as coronavirus pandemic upends operations

Staff often work with finely tuned set-ups featuring as many as six monitors at their desks to access financial data in real-time.

Gold has ‘growing potential’ to break $1,800 an ounce, says UBS

There’s “growing potential” for the price of gold to break $1,800 per ounce, according to UBS Investment Bank’s Joni Teves.

Sargon buyers tap former PEXA chief as adviser

There are also two entities related to Matt Kibbel, a managing director at New York's Kibbel Holdings, and three other entities in the sale.

How Cbus is servicing early release requests

Fok said the fund's initial estimate was based on COVID shutdowns as they stood then.

InFocus: Have NAB and CBA left their wealth exits too late?

The consequence is that while both ANZ and Westpac have had to deal with some residual remediation issues they have not been confronted by the same continuing balance sheet burden as CBA and NAB.

The SMID funds shrugging off stockmarket falls

Six small and mid-cap Australian equity funds have managed to achieve positive returns over the past 12 months, despite small-cap equities suffering worse than their large-cap counterparts

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