Managers of Wealth Asia Pacific

Banks Seek Fund Recovery From Ex-Singapore PM's Son

According to court documents, the $156 million was from drawdowns of trade financing between June and July 2019, which banks alleged were «non-existent or sham transactions.»

Validus to Offer Govt-Backed Loans to SMEs

Validus has disbursed over S$550 million ($405.44 million) in SME loans since its founding in 2015.

PSE plans new financial products for 2021

The PSE wants to increase this to eight with financials, industrials, holding firms, property, mining & materials, consumer, energy & utilities, and technology, media and telecoms.

MySuper reforms could have downsides

In May this year, Lonsec downgraded AustralianSuper from recommended to investment grade due to high staff turnover.

Ambani sells over $750 million Reliance Retail stake to Abu Dhabi Investment Authority

Founded in 2006, Reliance Retail serves more than 3.5 million customers each week (as of early this year) through its nearly 12,000 physical stores in more than 6,500 cities and towns in the country.

Australian gold merger set to create global giant

The two players in the merger, Northern Star and Saracen, already have a shared stake in Australia’s largest open pit gold mine, known as the Super Pit.

Korea Post seeks three managers for domestic bond fund

Eligible applicants must have a minimum three-year track record in fixed income or multi-asset investing, and their bond or multi-asset funds should have more than 100 billion won (US$86 million) of total assets.

Thai digital asset exchange ERX to launch digital tokens by year-end, report says

ERX is one of eight Thailand has eight licensed digital asset exchanges in Thailand.

AMP Capital finances Nordic fibre expansion

Digital infrastructure has been one of the most compelling infrastructure sectors in recent years

Japan telco SoftBank considering its carrier fees seriously - spokesman

Nikkei reported earlier that SoftBank said it is considering cutting fees.

Will Janus Henderson and Invesco merge?

A merger between Janus Henderson and Invesco could deliver cost synergies of 5-10% of the merged cost base, according to Credit Suisse.

Accenture buys NZ's Zag for $46m in first post-Covid acquisition

The deal roughly doubles Accenture's local staff.

China Shares Flow Data from Digital Yuan Pilots

One of the additional functionalities included is the «e-yuan red packets» which was used to reward around 5,000 healthcare workers involved in the coronavirus treatment.

Temasek establishes new multi-asset, multi-strategy asset management group

Existing asset management companies to be organised under new holding company, offering a broad range of products and investment strategies to clients

Bridgewater launches second PFM product in China

The US-based hedge fund manager will apply its All Weather strategy to the new fund.

ETFs struggle to gain traction in Malaysia

The main problem is that distributors have little incentive to market the products

How super fund employees switched investments amid the volatility

UniSuper reinforced with the Parliamentary Committee that it had strict policies in place restricting the manner in which employees could undertake personal share trading or investment switching, particularly investment personnel.

Super reforms modest negative for AMP, IOOF: Credit Suisse

Credit Suisse noted the caveat would be if IOOF or AMP funds get categorised as underperforming under the new APRA test.

Queensland funds explore merger

LGIAsuper has $12 billion in total assets for 75,000 members as at June end.

Singapore, SWIFT alliance seek to accelerate trade digitalization

Software will connect various platforms for exchange of electronic documents

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