Managers of Wealth Asia Pacific

Japanese billionaire who bought SpaceX moon ride raises questions about his wealth

That comes as he pledged an unusually high percentage of his stock holdings

AIA to invest $58m in Philam Life to boost Philippines presence

The official said the company needs the $58m investment to hire, nurture, and teach from zero knowledge future full-time financial advisers.

Mirae Asset Daewoo Turning into Global Top-Tier IB

This year, the company acquired Tour Majunga in Paris for one trillion won in March and invested US$375 million in a new landmark to be located in Times Square, New York.

Hedge fund VGI Partners set to list on ASX

Prominent hedge fund VGI Partners will list on the Australian Securities Exchange but none of the three key players in the operation — headed by former Caledonia executive Rob Luciano — will sell any of their shares.

The give-and-take of BRI in Africa

Examining BRI projects in Africa reveals a nuanced reality of how the initiative functions in the developing world, where infrastructure financing is desperately needed, and political externalities are of secondary concern to the receiving states.

Canada pension manager IMCO to expand Asia investments, official says

The Asian investments are in Singapore, Hong Kong, China, India and South Korea, and are mostly in public equity, Neil Murphy, IMCO’s vice president of corporate communications, tells Asia Asset Management.

Australia asset managers face rising costs, may mull outsourcing key functions, poll finds

The findings are based on Northern Trust’s poll of about 100 delegates representing Australia's leading superannuation funds and asset managers at a capital markets roadshow in Sydney and Melbourne last month.

Lonsec to acquire in-house managed account offerings

The firm said it was becoming increasingly difficult for advisers and licensees to charge portfolio management fees for in-house managed accounts.

Life insurers prioritise customer service over tech

Insurers are now listening to customers and aim to meet their demand for researching and comparing products online easily; and recommending and discussing products on social media often via mobile apps.

Companies should leverage alternative financing

This kind of “new finance” has long been available in the US, especially among the technology companies.

Tricor Accelerates China Outbound Business with Acquisition of Richful Deyong

The combined Tricor and RFDY platform meets the growing needs of Chinese enterprises going abroad, with the most comprehensive suite of services available in the market.

Alibaba said to review India investment strategy, shift focus to smaller deals

Other key investments of Alibaba in India include e-commerce logistics firm Xpressbees.

Bullish Invesco positions bond fund for trade deal

A perfect storm of a US-China tariff deal, renminbi appreciation, investment inflows and domestic reforms will drive Chinese bond prices higher, according to co-manager of the Invesco Asian Bond Fund.

Sumitomo Mitsui Trust Bank (Japan) selected Acumen-net to be deployed across 6 Overseas Offices to support their Treasury Operations

SuMiTB was also looking for the solution with a single common database to facilitate its global system management while overcoming the induced challenges of time zones, volume and confidentiality across offices.

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