Managers of Wealth Asia Pacific

Super fund for women adds fee

The indirect cost ratio for the balanced option went from 0.11% to 0.124% in the balanced option and from 0.11% to 0.143% in the new option.

Myanmar to make civil service pensions compulsory under proposed legislation, report says

Compulsory civil service pension contributions have long been the norm in a number of Myanmar’s neighbours in Southeast Asia, including Thailand and Malaysia.

China mutual fund assets at record high in second quarter despite outflows

Investors pulled out 673 billion RMB from MMFs in the second quarter following a 1.04 trillion RMB net inflow in the preceding three months.

Korea's NPS to ramp up foreign allocation to 55% by 2025, report says

The report says the pension fund set up a dedicated task force last October for increasing investments in foreign stocks and bonds.

Lazard no longer substantial AMP shareholder

The notice in change of ownership was filed to the ASX on Monday by Lazard company secretary Apnavi Saddington.

Chubb Announces Management Changes to its Life and General Insurance Operations in Asia

The leadership changes we announce today speak to the experience and depth of Chubb's management team and to the significant long-term opportunity for the company in China and across Asia," said Evan G. Greenberg, Chairman and CEO of Chubb.

Pinnacle reports FY20 inflows, profits

During the 12 months, Pinnacle added three managers (Aikya, Coolabah and Reminiscent) and built its overseas distribution, for the first time putting people on ground outside of Australia, as first reported by Financial Standard.

Global investors drive record inflows into Chinese bonds in July

That was up 5.9 per cent from a month earlier, but below a record 478.2 billion yuan in March, when the rapid international spread of the new coronavirus drove a global flight to safety.

Thailand: Bank stocks slide at concern over bad debt, weak performance

Most banks expected up to 40 per cent non-performing loans, the analyst said.

Magellan to restructure retail global equities funds

The meetings are expected to be convened between October and December this year.

ERS continues super drain

Over the week to July 26, 140,000 applications were received by funds of which 59,000 were initial applications and 81,000 were repeat applications.

SGX reports FY2020 net profit of S$472 million

The Board of Directors has proposed a final quarterly dividend of 8.0 cents per share, payable on 9 October 2020, for approval at the forthcoming annual general meeting.

Singapore’s PIL Gets $110 Million Lifeline From Temasek Fund

Embattled container line still is looking for up to $450 million from the Singapore sovereign-wealth fund to maintain its business

HDFC Q1 Results: Net Profit Down 4.7%; Provisions Rise

Its net interest income rose 10% to Rs 3,392 crore, compared with the Rs 3,455 crore-forecast.

Wilmer Gibson Opens New Office in Tokyo, Japan

The Tokyo office delivers the opportunity to expand our customer relationships, hire new experts in the field with additional skills and knowledge, and expand our technology expertise and innovation across the Asia-Pacific region

Netwealth hits fund managers with new fee

Netwealth managing director Matt Heine said the company typically doesn't discuss commercial agreements but confirmed the new fee applied all across the board.

Platforms reveal merger details

"Praemium's capabilities with respect to reporting, and in particular tax reporting, offer a significant competitive advantage to the HNWI market segment," the statement said.

Another merger at First State Super

First State Super chief executive Deanne Stewart said the merger will benefit both funds.

Canadian insurer Sun Life sees Asia account for 25% of income by 2026, report says

Mr. Grepin says the company has ramped up its digital capabilities in Asia

Canadian wealth firm enters China’s private funds market

Montreal-headquartered company already directly holds a 13.9% stake in China Asset Management

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