Managers of Wealth Asia Pacific

Hong Kong bourse to list new Taiwan futures contracts

It will come two months after the launch of two contracts based on another MSCI Taiwan benchmark, and will increase the Hong Kong Futures Exchange’s suite of futures products to 39.

Singapore bourse, FTSE Russell partner to develop derivatives products

SGX CEO Loh Boon Chye adds that the move takes their ties to a “new level” and they will “develop more unique tools to match evolving investor needs”.

Hong Kong pension group starts radio programme on retirement

People are living longer and don’t have enough saved up for post-retirement life, posing challenges to the adequacy and sustainability of pension systems around the world, she says.

Powerwrap inks $750m deal with advice group

The listed platform provider has entered into an agreement with a boutique wealth management group that will see it deliver administration services across $750 million worth of client funds.

CBA hit with another financial planning class action

The Commonwealth Bank’s announcement to the Australian Securities Exchange (ASX) said CFPL and FWL were reviewing the claim and an update would be provided as required.

HK Bourse Finalises Changes to Professional Debt Regime

The changes are largely in line with the proposals in the earlier consultation, save for SEHK’s proposal to maintain the existing eligibility exemption available for state corporations.

China approves BlackRock, Temasek, CCB JV

Deal comes as Beijing government looks to open up the financial market to foreign companies

ASIC update on compensation for financial advice related misconduct

This is an additional $295.9m in compensation payments

ICICI Lombard to acquire Bharti AXA General Insurance

Shareholders of Bharti AXA will receive two shares of ICICI Lombard for every 115 shares

Growth Prospects and Challenges ahead for the U.S., U.K., Eurozone, China, and Japan

A resurgence of virus infections in several areas is threatening to choke the recovery and could flatten growth in the second half of 2020 and beyond.

ASIC takes action against RI Advice

The regulator also alleges RI Advice failed to implement adequate policies, systems and resources to manage cyber security risk.

Eximbank Issues South Korea’s First SOFR-linked Bonds

In May, BOK (Bank of Korea) wrote to the CEOs of private financial institutions urging them to take action to prepare for the discontinuation of LIBOR at the end of 2021.

Australian Catholic Super and NGS Super to merge into A$21 billion fund

Figures from the Association of Superannuation Funds of Australia show there were around 500 funds with A$2.7 trillion of total assets as of March 2020.

OCBC Issues First Green Loan in South Korea

«We hope that this will continue to spur developments in sustainable financing across industries and real estate asset classes in the region,» Elaine Lam, OCBC's head of global corporate banking, said about the landmark loan.

There will be no pension increase in September for the first time in 23 years.

This will be the first time since 1997 the pension hasn’t risen with indexation.

Baker McKenzie Advises Japan Finance Corporation on the Implementation of Cross-Border Loans

Baker McKenzie is one of the world's largest global law firms, with 77 offices in 46 countries.

BoJ Network Forbids Work-From-Home Traders

Nationwide, Japan’s business culture is oft-cited for a plethora of relatively outdated processes like the still widespread usage of fax or paper-heavy internal dealings.

Asian Central Banks Fear Return of USD Funding Stress

Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.

Powerwrap signs wealth boutique

“We are very pleased that Craig and Tim have chosen Powerwrap and we are working closely with them to transition their clients onto the platform.”

MAS Becomes First Asian Government Entity to Issue RFR Debt

Singapore is seen to be leading Asia in its preparation for the cessation of LIBOR at the end-of 2021. Earlier this month, MAS announced new initiatives to catalyse SORA markets.

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