Managers of Wealth - Asia https://asia.managersofwealth.com/ Thu, 21 Nov 2024 06:36:39 GMT part of MediaG8way Group https://asia.managersofwealth.com/ https://asia.managersofwealth.com/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Hong Kong eyes Europe’s wealthy with London, Paris, Milan on family office agenda News Aggregation Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74976/hong-kong-eyes-europeamprsquos-wealthy-with-london-paris-milan-on-family-office-agenda Top InvestHK official sets off on week-long trip to Europe to meet family office representatives and speak at finance forum Wealth and Asset Management Endowus launches first major Hong Kong campaign showcasing conflict-free wealth management News Aggregation Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74969/endowus-launches-first-major-hong-kong-campaign-showcasing-conflict-free-wealth-management This marks Endowus’ first large-scale advertising campaign in Central, Hong Kong. Wealth and Asset Management Swissquote Singapore: Pioneering Digital Wealth Management in Asia News Aggregation Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74971/swissquote-singapore-pioneering-digital-wealth-management-in-asia Asia, and particularly Singapore, is at the heart of this transformation. Wealth and Asset Management BlackRock goes after family offices from both ends News Aggregation Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74977/blackrock-goes-after-family-offices-from-both-ends The $11.5tn asset manager aspires to be a one-stop shop for family offices through its ETFs and private market offerings. Wealth and Asset Management BlackRock and the Monetary Authority of Singapore (MAS) spearhead collaboration to unlock investment opportunities in decarbonisation in Asia News Team Wednesday, November 13, 2024 12:00 am https://asia.managersofwealth.com/article/74945/blackrock-and-the-monetary-authority-of-singapore-mas-spearhead-collaboration-to-unlock-investment-opportunities-in-decarbonisation-in-asia The Industrial Transformation programme will also seek to catalyse additional concessional and commercial capital to support these projects. Wealth and Asset Management 360 ONE: Indian wealthy's offshore investments grow 26% annually News Aggregation Team Wednesday, November 13, 2024 12:00 am https://asia.managersofwealth.com/article/74949/360-one-indian-wealthyamp039s-offshore-investments-grow-26-annually The report shows the US was still the favourite overseas investment destination among UHNWIs and HNWIs tapping offshore investment opportunities via the LRS route. Wealth and Asset Management Canaccord Genuity execs unite to launch WA wealth manager News Aggregation Team Wednesday, November 13, 2024 12:00 am https://asia.managersofwealth.com/article/74950/canaccord-genuity-execs-unite-to-launch-wa-wealth-manager Leeuwin Wealth has been launched this month focusing on offering dedicated wealth management and corporate finance services to Western Australian individuals and companies. Wealth and Asset Management HSBC Qianhai launches margin financing for HNW and UHNW China clients News Aggregation Team Monday, November 11, 2024 12:00 am https://asia.managersofwealth.com/article/74933/hsbc-qianhai-launches-margin-financing-for-hnw-and-uhnw-china-clients The launch of the margin financing arm will bolster HSBC Qianhai and its wealth management services. Wealth and Asset Management ZEUS Investments Announces Initiative to Leverage Artificial Intelligence in Wealth Management Planning News Team Monday, November 11, 2024 12:00 am https://asia.managersofwealth.com/article/74925/zeus-investments-announces-initiative-to-leverage-artificial-intelligence-in-wealth-management-planning By integrating AI into its advisory services, the firm aims to craft more precise and tailored investment strategies capable of delivering favorable outcomes for clients. Wealth and Asset Management Swiss Wealth Manager Broadens Footprint in the Middle East News Aggregation Team Monday, November 11, 2024 12:00 am https://asia.managersofwealth.com/article/74930/swiss-wealth-manager-broadens-footprint-in-the-middle-east The new office, operating under a prestigious Abu Dhabi Global Markets license, represents a major milestone in the firm’s expansion efforts. Wealth and Asset Management Lighthouse Canton Expands Institutional Investor Coverage News Aggregation Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74987/lighthouse-canton-expands-institutional-investor-coverage Lighthouse Canton has announced a significant addition to its global leadership team. Executive Moves Indosuez WM Asia CEO Shokur to exit News Aggregation Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74988/indosuez-wm-asia-ceo-shokur-to-exit Omar Shokur is to step down in January, while the bank finds a replacement. Executive Moves Pictet WM loses China market head News Aggregation Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74989/pictet-wm-loses-china-market-head Following her departure, Hong Kong branch CEO Alex Ng will lead the China team in Hong Kong, while finding an internal or external replacement. Executive Moves OCBC Hong Kong Appoints Consumer and Wealth Head News Aggregation Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74990/ocbc-hong-kong-appoints-consumer-and-wealth-head She was most recently alternate chief executive of Citibank (Hong Kong) and head of Hong Kong Citigold and cards & unsecured lending sales. Executive Moves GSFM appoints former adviser as Qld account manager News Aggregation Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74992/gsfm-appoints-former-adviser-as-qld-account-manager Effective from 18 November, he will be based in Brisbane and report to national distribution manager, Steven Taylor. Executive Moves Magellan CFO, COO hands in resignation News Aggregation Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74981/magellan-cfo-coo-hands-in-resignation In an ASX announcement, the firm announced that Kirsten Morton has resigned from her position as CFO and COO Executive Moves Singaporean bank hires ex-Goldman Sachs, HSBC MD as engineering head News Aggregation Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74982/singaporean-bank-hires-ex-goldman-sachs-hsbc-md-as-engineering-head For the role, he is relocating to Singapore after 15 years based in Hong Kong. Executive Moves Capital Group appoints Apac MD for global financial institutions News Aggregation Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74984/capital-group-appoints-apac-md-for-global-financial-institutions Singapore-based Marketa Dvorak started earlier this month at the active asset manager and was previously at Wellington Management. Executive Moves Appleby Hong Kong and Mainland China Managing Partner relocates to Shanghai News Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74986/appleby-hong-kong-and-mainland-china-managing-partner-relocates-to-shanghai The relocation is part of a continued build out of Appleby’s Mainland China presence with the Shanghai office Executive Moves Apollo Opens Seoul Office and Names Jay Hyun Lee Head of Korea as Part of Continued APAC Expansion News Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74970/apollo-opens-seoul-office-and-names-jay-hyun-lee-head-of-korea-as-part-of-continued-apac-expansion Dr. Sam Young Chung to serve as Academic Advisor at Intersection of Retirement Solutions and Alternative Assets Executive Moves ASIC announces new enforcement priorities with a focus on cost of living pressures News Team Friday, November 15, 2024 12:00 am https://asia.managersofwealth.com/article/74965/asic-announces-new-enforcement-priorities-with-a-focus-on-cost-of-living-pressures We will also target conduct that exploits superannuation savings, with a particular focus on unscrupulous property investment schemes. Legal, Regulation & Compliance SFC Circular on deficiencies and substandard conduct in management of private funds and discretionary accounts News Team Tuesday, November 12, 2024 12:00 am https://asia.managersofwealth.com/article/74942/sfc-circular-on-deficiencies-and-substandard-conduct-in-management-of-private-funds-and-discretionary-accounts The Circular applies to asset managers who manage private funds and discretionary accounts in the form of an investment mandate or a pre-defined model portfolio. Legal, Regulation & Compliance ASIC seeks feedback on proposed guidance on sustainability reporting regime News Team Friday, November 08, 2024 12:00 am https://asia.managersofwealth.com/article/74921/asic-seeks-feedback-on-proposed-guidance-on-sustainability-reporting-regime This includes specific guidance on ASIC’s approach to granting relief from the regime and use of its new directions power. Legal, Regulation & Compliance Hong Kong Approves First Brokers for Cross-Border Wealth Management Scheme News Aggregation Team Wednesday, November 06, 2024 12:00 am https://asia.managersofwealth.com/article/74904/hong-kong-approves-first-brokers-for-cross-border-wealth-management-scheme This announcement represents a key step for the brokerage sector and the WMC program, boosting financial connectivity within the Greater Bay Area and strengthening Hong Kong's wealth management industry. Legal, Regulation & Compliance Bank Indonesia and Monetary Authority of Singapore Further Extend Bilateral Financial Arrangement to 1 November 2027 News Team Tuesday, November 05, 2024 12:00 am https://asia.managersofwealth.com/article/74890/bank-indonesia-and-monetary-authority-of-singapore-further-extend-bilateral-financial-arrangement-to-1-november-2027 The longer extension period of three years, compared to one year previously, reflects the good financial cooperation between the two central banks in preserving monetary and financial stability in both countries amid global macroeconomic uncertainties. Legal, Regulation & Compliance Hong Kong Approves First Brokers for Cross-Border Wealth Management Scheme News Aggregation Team Tuesday, November 05, 2024 12:00 am https://asia.managersofwealth.com/article/74892/hong-kong-approves-first-brokers-for-cross-border-wealth-management-scheme This announcement represents a key step for the brokerage sector and the WMC program, boosting financial connectivity within the Greater Bay Area and strengthening Hong Kong's wealth management industry. Legal, Regulation & Compliance SFC unveils first batch of brokers joining Wealth Management Connect Pilot Scheme News Team Monday, November 04, 2024 12:00 am https://asia.managersofwealth.com/article/74875/sfc-unveils-first-batch-of-brokers-joining-wealth-management-connect-pilot-scheme The SFC will continue to work with stakeholders to further enhance and expand the WMC scheme Legal, Regulation & Compliance MAS Announces Plans to Support Commercialisation of Asset Tokenisation News Team Monday, November 04, 2024 12:00 am https://asia.managersofwealth.com/article/74879/mas-announces-plans-to-support-commercialisation-of-asset-tokenisation By connecting a broader set of participants’ products and services across multiple currencies and assets, greater improvements in capital raising, secondary trading, asset servicing and settlement of tokenised assets may be realised. Legal, Regulation & Compliance PIF and Hong Kong Monetary Authority sign memorandum of understanding for investment fund at FII8 News Team Friday, November 01, 2024 12:00 am https://asia.managersofwealth.com/article/74871/pif-and-hong-kong-monetary-authority-sign-memorandum-of-understanding-for-investment-fund-at-fii8 The signing of this MoU is a new milestone and underlines the economic ties between two leading institutions – PIF and HKMA. Legal, Regulation & Compliance ASIC sues Oak Capital alleging unconscionable conduct designed to avoid the National Credit Code News Team Thursday, October 31, 2024 12:00 am https://asia.managersofwealth.com/article/74862/asic-sues-oak-capital-alleging-unconscionable-conduct-designed-to-avoid-the-national-credit-code In most cases, the individuals seeking the loan provided their own homes as security. Legal, Regulation & Compliance Leading Financial Services Firms Choose Broadridge for Corporate Actions and Income Processing News Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74978/leading-financial-services-firms-choose-broadridge-for-corporate-actions-and-income-processing Seamless integration across global markets and lines-of-business, enhanced operational efficiency through AI-driven automation, and advanced risk management capabilities. FinTech Citi teams with Bank of Shanghai on payments processing for international travellers in China News Team Thursday, November 14, 2024 12:00 am https://asia.managersofwealth.com/article/74954/citi-teams-with-bank-of-shanghai-on-payments-processing-for-international-travellers-in-china Citi and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai’s TourCard. FinTech Singapore launches fintech center to push AI, tokenization News Team Tuesday, November 12, 2024 12:00 am https://asia.managersofwealth.com/article/74943/singapore-launches-fintech-center-to-push-ai-tokenization Elevandi was the organizer of the popular Singapore Fintech Festival. FinTech Southeast Asia’s Wealth Management Boom: 5 Platforms to Watch News Aggregation Team Tuesday, November 12, 2024 12:00 am https://asia.managersofwealth.com/article/74947/southeast-asiaamprsquos-wealth-management-boom-5-platforms-to-watch Traditionally, wealth management in the region was primarily reserved for high-net-worth individuals (HNIs), with most services being offered by large banks or financial institutions. FinTech Standard Chartered and Ant International have announced intra-group blockchain-based SGD settlement News Team Thursday, November 07, 2024 12:00 am https://asia.managersofwealth.com/article/74906/standard-chartered-and-ant-international-have-announced-intra-group-blockchain-based-sgd-settlement First blockchain-based SGD transaction between Standard Chartered and Ant International FinTech Transforming Wealth Management with Innovation: Insights from Avaloq’s Pascal Wengi News Aggregation Team Wednesday, November 06, 2024 12:00 am https://asia.managersofwealth.com/article/74900/transforming-wealth-management-with-innovation-insights-from-avaloqamprsquos-pascal-wengi A significant trend, according to Pascal, is the cross-border expansion of wealth services. FinTech Citi and Fidelity International demonstrate tokenized Money Market Fund and Digital Foreign Exchange Swap solution News Team Tuesday, November 05, 2024 12:00 am https://asia.managersofwealth.com/article/74891/citi-and-fidelity-international-demonstrate-tokenized-money-market-fund-and-digital-foreign-exchange-swap-solution This innovative on-chain solution could enable investors to conduct seamless and real-time settlement of multi-asset positions in different currencies. FinTech Asset & Wealth ManagementArta in Singapore takes the robo to the ultra wealthy News Aggregation Team Tuesday, November 05, 2024 12:00 am https://asia.managersofwealth.com/article/74896/asset-ampamp-wealth-managementarta-in-singapore-takes-the-robo-to-the-ultra-wealthy Arta Finance is bringing high-touch services for the very wealthy to the world of digital private banking. FinTech Tokenized Funds: The Third Revolution in Asset Management Decoded News Team Wednesday, October 30, 2024 12:00 am https://asia.managersofwealth.com/article/74848/tokenized-funds-the-third-revolution-in-asset-management-decoded There will also be innovative fund distribution opportunities through secondary tokenized brokerage and embedded investing. FinTech SFC sets out vision to foster a vibrant fintech ecosystem in Hong Kong News Team Tuesday, October 29, 2024 12:00 am https://asia.managersofwealth.com/article/74843/sfc-sets-out-vision-to-foster-a-vibrant-fintech-ecosystem-in-hong-kong The SFC is implementing a swift licence approval process for handling deemed-to-be-licensed VATP applicants FinTech Wealth Broker: The One-stop Wealth Management Platform Trusted by Investors News Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74991/wealth-broker-the-one-stop-wealth-management-platform-trusted-by-investors Wealth Broker holds brokerage licenses and financial qualifications issued by the Australian ASIC and New Zealand FSPR. Alternative Investments Director Ang Lee first Taiwanese recipient of Japan's Praemium Imperiale award News Aggregation Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74993/director-ang-lee-first-taiwanese-recipient-of-japanamp039s-praemium-imperiale-award Japan’s 'Nobel Prize for the Arts' sees Taiwanese and Colombian laureates for first time Alternative Investments AZ NGA makes first acquisition post-Oaktree deal News Aggregation Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74983/az-nga-makes-first-acquisition-post-oaktree-deal The professional services group has purchased StrategyOne Advice Network, a financial planning business located in Sydney that was established in 1984. Alternative Investments AWAG makes second equity investment News Aggregation Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74972/awag-makes-second-equity-investment The financial services group has expanded its reach with its second equity partnership investment, saying there are more in the pipeline. Alternative Investments TWC launches Global Wealth Creators Fund News Aggregation Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74973/twc-launches-global-wealth-creators-fund The Australian boutique said the fund is also well-suited for investors seeking exposure to a basket of high cashflow return growth opportunities at reasonable valuations. Alternative Investments Northern Trust Selected to Provide Custody Services to Fiji National Provident Fund News Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74974/northern-trust-selected-to-provide-custody-services-to-fiji-national-provident-fund Northern Trust expands footprint across the Asia Pacific region with first institutional client in Fiji Alternative Investments Corporate Diversification and Investment Characteristics News Team Friday, November 15, 2024 12:00 am https://asia.managersofwealth.com/article/74964/corporate-diversification-and-investment-characteristics Our findings indicate that multi-industry firms have consistently achieved higher asset-turnover ratios Alternative Investments Art Basel Announces Highlights 2025 Hong Kong Show News Aggregation Team Thursday, November 14, 2024 12:00 am https://asia.managersofwealth.com/article/74956/art-basel-announces-highlights-2025-hong-kong-show This year’s event will present 242 galleries from 42 countries and territories, showcasing a rich array of artistic practices that underscore the fair’s dedication to global diversity and regional representation. Alternative Investments Howden Strengthens Position in Hong Kong with Acquisition of Storfield News Aggregation Team Thursday, November 14, 2024 12:00 am https://asia.managersofwealth.com/article/74957/howden-strengthens-position-in-hong-kong-with-acquisition-of-storfield This strengthens Howden’s position in Hong Kong, broadens its geographical footprint across Asia, and underlines its commitment to invest in specialty expertise for clients in the region. Alternative Investments Insignia Financial eyes 'most efficient' title by 2030 News Aggregation Team Thursday, November 14, 2024 12:00 am https://asia.managersofwealth.com/article/74958/insignia-financial-eyes-amp039most-efficientamp039-title-by-2030 One of the ways Insignia plans to do this is through AI, particularly in the delivery of financial advice. Alternative Investments New global minimum tax rules set to start in Hong Kong in 2025 News Team Wednesday, November 20, 2024 12:00 am https://asia.managersofwealth.com/article/74994/new-global-minimum-tax-rules-set-to-start-in-hong-kong-in-2025 In response to stakeholders’ feedback, the Government is following up with some changes to its tax administration regime. Tax Tax and business insights from Hong Kong’s latest Policy Address News Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74985/tax-and-business-insights-from-hong-kongamprsquos-latest-policy-address By capitalising on the advantages of “One Country, Two Systems,” Hong Kong aims to strengthen its financial, shipping and trade sectors while fostering innovation and collaboration within the Greater Bay Area. Tax A review of the tax regimes in Singapore and Hong Kong News Team Thursday, November 14, 2024 12:00 am https://asia.managersofwealth.com/article/74953/a-review-of-the-tax-regimes-in-singapore-and-hong-kong The position can be improved even further for those who wish to manage their investments from Singapore. Tax China is now enforcing offshore income tax. Should private bankers be worried? News Aggregation Team Friday, October 25, 2024 1:00 am https://asia.managersofwealth.com/article/74828/china-is-now-enforcing-offshore-income-tax-should-private-bankers-be-worried “Offshore income has largely been ignored by the tax authorities, but, obviously, that is changing,” a Hong Kong-based wealth advisor told APB. Tax Ultra wealthy to feel tax crunch on overseas gains News Aggregation Team Thursday, October 17, 2024 1:00 am https://asia.managersofwealth.com/article/74761/ultra-wealthy-to-feel-tax-crunch-on-overseas-gains They added that some of the targeted Chinese had at least US$10 million (HK$78 million) in offshore assets Tax Banking as a Service poised to transform Thailand’s financial ecosystem, PwC Thailand says News Team Friday, October 11, 2024 1:00 am https://asia.managersofwealth.com/article/74724/banking-as-a-service-poised-to-transform-thailandamprsquos-financial-ecosystem-pwc-thailand-says The opportunities are growing, but how businesses address the challenges of adopting BaaS will be essential for success. Tax ANZ Bank CEO’s Shameless Self Interest: This Is Why People Hate Bankers News Aggregation Team Thursday, September 26, 2024 1:00 am https://asia.managersofwealth.com/article/74630/anz-bank-ceoamprsquos-shameless-self-interest-this-is-why-people-hate-bankers The reason Watson is promoting a capital gains tax is so families are even further incentivised to park their nest eggs under the roofs of their family home. Tax Deloitte and RFO: SFOs Lack NextGen Confidence News Aggregation Team Thursday, September 12, 2024 1:00 am https://asia.managersofwealth.com/article/74539/deloitte-and-rfo-sfos-lack-nextgen-confidence Nearly seven in 10 respondents (69 percent) expect the next generation to lead their family office in Asia Pacific post-succession, according to a report by Deloitte Private and Raffles Family Office. Tax New Zealand to enforce OECD tax reporting frameworks by 2026 News Aggregation Team Tuesday, September 03, 2024 1:00 am https://asia.managersofwealth.com/article/74477/new-zealand-to-enforce-oecd-tax-reporting-frameworks-by-2026 The measure aims to prevent tax evasion by ensuring firms provide information on transactions in digital assets. Tax New CFC Taxation Ruling That Impacts Offshore Trustees – A Backdoor to CRS? News Aggregation Team Monday, July 22, 2024 1:00 am https://asia.managersofwealth.com/article/74199/new-cfc-taxation-ruling-that-impacts-offshore-trustees-ampndash-a-backdoor-to-crs MOF indicates that this new ruling is to supplement the ruling dated 4 January 2024 that imposes Alternative Minimum Tax (AMT) on the settler/beneficiaries of offshore trusts when CFC is involved. Tax Future Generation, the philanthropic juggernaut that has donated $87.2 million to charity News Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74980/future-generation-the-philanthropic-juggernaut-that-has-donated-872-million-to-charity Not only is this devastating for the individuals involved, but it is costing the Australian economy tens of billions of dollars each year. Comment, Analysis & Research Julius Baer: Succession Planning is the Leading Family Topic News Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74968/julius-baer-succession-planning-is-the-leading-family-topic Intergenerational wealth transfer and succession planning has moved up from second place [in 2023] to emerge as this year’s top family-related topic across every single region Comment, Analysis & Research Fitch Rates China Everbright Bank Hong Kong Branch's MTN Notes Final 'BBB+' News Team Monday, November 18, 2024 12:00 am https://asia.managersofwealth.com/article/74975/fitch-rates-china-everbright-bank-hong-kong-branchamp039s-mtn-notes-final-amp039bbbamp039 The final ratings are in line with the expected ratings assigned on 12 Nov 2024, and follow the receipt of final documents conforming to the information already received. Comment, Analysis & Research Hong Kong Casino Tycoon Passes Away News Aggregation Team Tuesday, November 12, 2024 12:00 am https://asia.managersofwealth.com/article/74936/hong-kong-casino-tycoon-passes-away The board would like to express its deepest sorrow for the passing away of Dr. Lui and extends its deepest condolences to his family. Comment, Analysis & Research Singapore Second Worldwide for Law and Order News Aggregation Team Thursday, November 07, 2024 12:00 am https://asia.managersofwealth.com/article/74910/singapore-second-worldwide-for-law-and-order Many expat bankers, particularly those from the rawer reaches of the Anglosphere, have had to endure this discussion in silence. Comment, Analysis & Research More Koreans appear to be wealthy enough to save W1 bil. in cash: report News Aggregation Team Tuesday, November 05, 2024 12:00 am https://asia.managersofwealth.com/article/74887/more-koreans-appear-to-be-wealthy-enough-to-save-w1-bil-in-cash-report The central bank cited its high interest rate policy as the reason behind the increase in the balances of the savings accounts with more than 1 billion won. Comment, Analysis & Research Hurun China Rich List 2024 News Team Friday, November 01, 2024 12:00 am https://asia.managersofwealth.com/article/74867/hurun-china-rich-list-2024 This is the 26th edition of the list since 1999. Comment, Analysis & Research Bloomberg Wealth opens Japan office News Aggregation Team Thursday, October 31, 2024 12:00 am https://asia.managersofwealth.com/article/74857/bloomberg-wealth-opens-japan-office Most recently, he worked at Barclays Japan from 2018. Comment, Analysis & Research China’s Rally & AI Market Shift: Insights from Value Partners News Team Wednesday, October 30, 2024 12:00 am https://asia.managersofwealth.com/article/74847/chinaamprsquos-rally-ampamp-ai-market-shift-insights-from-value-partners China has revealed a surprisingly strong message in reviving the economy via synchronized monetary and fiscal stimulus. Comment, Analysis & Research Asia-Pacific banks' debt issuance hits lowest monthly level for 2024 News Team Monday, October 28, 2024 12:00 am https://asia.managersofwealth.com/article/74836/asia-pacific-banksamp039-debt-issuance-hits-lowest-monthly-level-for-2024 Asia-Pacific banks' debt issuances in the first nine months of 2024 surged past the levels seen in 2023. Comment, Analysis & Research Hang Seng Bank Unveils Newly Renovated Hong Kong Main Branch with the Debut of the Market-New 'Come to You' Service Concept News Team Tuesday, November 19, 2024 12:00 am https://asia.managersofwealth.com/article/74979/hang-seng-bank-unveils-newly-renovated-hong-kong-main-branch-with-the-debut-of-the-market-new-amp039come-to-youamp039-service-concept Applications of Innovative Technology and Environmental-friendly Designs Retail Banking Access Bank UK expands footprint with Hong Kong branch News Aggregation Team Friday, November 15, 2024 12:00 am https://asia.managersofwealth.com/article/74967/access-bank-uk-expands-footprint-with-hong-kong-branch The launch of the Hong Kong branch establishes Access Bank UK Retail Banking Sale of Commonwealth Private’s personal advice business News Team Tuesday, November 12, 2024 12:00 am https://asia.managersofwealth.com/article/74941/sale-of-commonwealth-privateamprsquos-personal-advice-business This decision reflects the evolving needs of high-net-worth clients and aligns with our strategy to focus on expanding our private banking services and deliver the best long-term outcomes for them. Retail Banking Westpac FY24 Result News Team Monday, November 04, 2024 12:00 am https://asia.managersofwealth.com/article/74883/westpac-fy24-result The impact of overseas elections and geopolitical uncertainty remain difficult to predict and therefore it makes sense to maintain a strong balance sheet. Retail Banking Organisational changes to improve operational performance News Team Friday, November 01, 2024 12:00 am https://asia.managersofwealth.com/article/74866/organisational-changes-to-improve-operational-performance As part of these changes, a group-wide operations function will bring together existing operations functions to create greater alignment and support each division more effectively. Retail Banking OCBC: First Bank in Singapore With New Intraday Lending News Aggregation Team Thursday, October 31, 2024 12:00 am https://asia.managersofwealth.com/article/74859/ocbc-first-bank-in-singapore-with-new-intraday-lending Such transactions can be completed within the day as the exchange of cash and tokenized securities through the blockchain is nearly instantaneous. Retail Banking SIX and China Construction Bank Corporation Agree on a Joint Collaboration News Aggregation Team Friday, October 25, 2024 1:00 am https://asia.managersofwealth.com/article/74824/six-and-china-construction-bank-corporation-agree-on-a-joint-collaboration Both CCB and SIX are interested to jointly explore potential for co-operation and collaborate together. Retail Banking StanChart Refreshes Global Indian Proposition News Aggregation Team Wednesday, October 23, 2024 1:00 am https://asia.managersofwealth.com/article/74802/stanchart-refreshes-global-indian-proposition The Indian diaspora now has a more ‘global' investment outlook,» commented Rajesh Kannan, managing director, head of global Indian and head of wealth and retail banking UAE, Jersey (UK). Retail Banking StanChart Offloads India Personal Loan Book News Aggregation Team Monday, October 21, 2024 1:00 am https://asia.managersofwealth.com/article/74782/stanchart-offloads-india-personal-loan-book The deal is expected to be completed over the next three months, subject to regulatory and other approvals. Retail Banking HSBC Reportedly Probes Digital Wealth Unit in China News Aggregation Team Wednesday, October 16, 2024 1:00 am https://asia.managersofwealth.com/article/74751/hsbc-reportedly-probes-digital-wealth-unit-in-china The review was started after the appointment of global insurance CEO Ed Moncreiffe in April. Retail Banking Deutsche Bank invests in India growth strategy with EUR 571m capital increase News Team Friday, November 08, 2024 12:00 am https://asia.managersofwealth.com/article/74924/deutsche-bank-invests-in-india-growth-strategy-with-eur-571m-capital-increase Deutsche Bank increases regulatory capital in India by 33% since 2023 Investment Bank Morgan Stanley Approved for China Futures Unit News Aggregation Team Wednesday, November 06, 2024 12:00 am https://asia.managersofwealth.com/article/74903/morgan-stanley-approved-for-china-futures-unit Morgan Stanley Futures (China) was listed as a licensed institution for the first time by the China Securities Regulatory Commission. Investment Bank Statement on Administrative Action by Japan's Financial Services Agency News Team Friday, November 01, 2024 12:00 am https://asia.managersofwealth.com/article/74865/statement-on-administrative-action-by-japanamp039s-financial-services-agency We apologize to our clients and all other concerned parties for the trouble this has caused. Investment Bank Metrobank drops fund management to focus on new strategy News Aggregation Team Friday, November 01, 2024 12:00 am https://asia.managersofwealth.com/article/74870/metrobank-drops-fund-management-to-focus-on-new-strategy Investment banking provides complex financial services, including initial public offerings, to large clients. Investment Bank UBS Chief Technology Officer: The Bank's Biggest Risk News Aggregation Team Friday, October 11, 2024 1:00 am https://asia.managersofwealth.com/article/74728/ubs-chief-technology-officer-the-bankamp039s-biggest-risk In the coming weeks, the bank will begin migrating customers booked in Luxembourg and Hong Kong, followed shortly by Singapore. Investment Bank Deutsche Bank launches BASF’s first sustainability-linked payables finance program in Asia News Team Friday, August 02, 2024 1:00 am https://asia.managersofwealth.com/article/74275/deutsche-bank-launches-basfamprsquos-first-sustainability-linked-payables-finance-program-in-asia The program will support BASF’s activities in China. Investment Bank Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management News Aggregation Team Wednesday, July 31, 2024 1:00 am https://asia.managersofwealth.com/article/74256/japanamp039s-nomura-triples-profit-in-q1-as-end-of-deflation-spurs-wealth-management The results show the progress Nomura has made in shifting toward a fees-based profit model in order to secure more consistent revenue that is less subject to market swings. Investment Bank Citi to boost investment banking headcount in India betting on deals surge News Aggregation Team Friday, July 19, 2024 1:00 am https://asia.managersofwealth.com/article/74191/citi-to-boost-investment-banking-headcount-in-india-betting-on-deals-surge A sharp surge in equity deals in India has made it a bright spot in an otherwise dull Asia. Investment Bank Hong Kong banks ramped up hiring but investment bankers laid off News Aggregation Team Monday, July 08, 2024 1:00 am https://asia.managersofwealth.com/article/74098/hong-kong-banks-ramped-up-hiring-but-investment-bankers-laid-off Trade and private bankers are most in demand, although banks are cautious. Investment Bank Natixis CIB Forms Alliance With Korean Bank News Aggregation Team Thursday, June 27, 2024 1:00 am https://asia.managersofwealth.com/article/74033/natixis-cib-forms-alliance-with-korean-bank The alliance will involve cooperation on global private debt funds and direct lending activities with the potential to develop the scope across other key areas of synergy. Investment Bank DBS continues to break new ground in China as first Southeast Asian bank to leverage PBOC’s Carbon Emission Reduction Facility for issuance of green loan News Team Wednesday, August 21, 2024 1:00 am https://asia.managersofwealth.com/article/74404/dbs-continues-to-break-new-ground-in-china-as-first-southeast-asian-bank-to-leverage-pbocamprsquos-carbon-emission-reduction-facility-for-issuance-of-green-loan When completed, the project is expected to generate about 270 gigawatt hours of renewable energy Planet SOS Court finds Active Super made misleading ESG claims in a greenwashing action brought by ASIC News Team Wednesday, June 05, 2024 1:00 am https://asia.managersofwealth.com/article/73894/court-finds-active-super-made-misleading-esg-claims-in-a-greenwashing-action-brought-by-asic Active Super claimed in its marketing that it eliminated investments that posed too great a risk to the environment and the community, including gambling, coal mining and oil tar sands. Planet SOS What could India’s election result mean for renewable energy? News Team Wednesday, June 05, 2024 1:00 am https://asia.managersofwealth.com/article/73897/what-could-indiaamprsquos-election-result-mean-for-renewable-energy India has also set up a National Green Hydrogen Mission as part of a plan to become a leading producer, user and exporter of the clean fuel Planet SOS Survey shows waning interest in ESG funds News Aggregation Team Thursday, May 23, 2024 1:00 am https://asia.managersofwealth.com/article/73835/survey-shows-waning-interest-in-esg-funds Similarly, the number of investors who expected ESG funds to outperform funds with the same level of risk fell by 10 percentage points to 41% in 2023. Planet SOS Hong Kong group launches consultations on ESG code of conduct News Aggregation Team Tuesday, May 21, 2024 1:00 am https://asia.managersofwealth.com/article/73812/hong-kong-group-launches-consultations-on-esg-code-of-conduct The code, together with the self-attestation document, will be vital in fostering greater transparency, quality and reliability of ESG information, as well as comparability of products Planet SOS Record cocoa prices and the unfair chocolate value chain – meet the entrepreneurs working to change things News Team Friday, April 26, 2024 1:00 am https://asia.managersofwealth.com/article/73665/record-cocoa-prices-and-the-unfair-chocolate-value-chain-ampndash-meet-the-entrepreneurs-working-to-change-things The cocoa industry in some ways has itself to blame. Planet SOS ESG comes to the fore for asset managers’ voting News Aggregation Team Monday, April 15, 2024 1:00 am https://asia.managersofwealth.com/article/73578/esg-comes-to-the-fore-for-asset-managersamprsquo-voting In light of this, asset managers have taken steps to increase their verification of these areas when it comes to their voting records. Planet SOS Climate reporting and greenwashing: What small businesses need to know News Team Tuesday, March 19, 2024 12:00 am https://asia.managersofwealth.com/article/73422/climate-reporting-and-greenwashing-what-small-businesses-need-to-know The majority of Australian small and medium businesses will not fall within this category. Planet SOS Lombard Odier, Kaskikornbank Cooperate on Sustainability News Aggregation Team Wednesday, February 28, 2024 12:00 am https://asia.managersofwealth.com/article/73289/lombard-odier-kaskikornbank-cooperate-on-sustainability With sustainability being a major driver of investment returns, we are adapting client portfolios to the environmental transition. Planet SOS Japan stakes its future on climate innovation to help Asia become greener News Aggregation Team Monday, February 12, 2024 12:00 am https://asia.managersofwealth.com/article/73186/japan-stakes-its-future-on-climate-innovation-to-help-asia-become-greener Japan was decades ahead of its time on hydrogen, having begun exploring the possible energy source 50 years ago Planet SOS