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NEWS LAST WEEK




Family offices lack cybersecurity plans – study
Nearly 43% of family offices globally have suffered cyber attacks in the past two years, yet many lack adequate protection, according to...
2 hours ago


Vietnam PM urges banks to implement Basel III
Vietnamese Prime Minister Phạm Minh Chính has instructed the State Bank of Vietnam (SBV) to consider commercial banks’ proposals on...
2 hours ago


Thai insurers rethink disaster policies after earthquake
Thailand’s insurance industry is preparing to discontinue free earthquake coverage and introduce standalone policies following the recent...
2 hours ago


Hong Kong’s family office count to exceed 3,000
Hong Kong’s family office count is expected to exceed 3,000 as geopolitical tensions drive investors to the city, according to Financial...
2 days ago


Hong Kong launches digital knowledge hub for family offices
Hong Kong has launched the Family Office Nexus Digital Knowledge Hub to support family offices with insights on wealth management,...
2 days ago


Taiwan approves Taishin Financial - Shing Kong Financial merger
Taiwan’s Financial Supervisory Commission has approved the merger of Taishin Financial Holding Co and Shin Kong Financial Holding Co,...
2 days ago


HSBC to boost wealth investments in Hong Kong
HSBC plans to significantly expand its wealth management and technology investments in Hong Kong, leveraging the city as a base to...
2 days ago
EVENTS
INSIGHTS
PEOPLE MOVES


HKMA plans Wealth Connect 3.0 expansion
The Hong Kong Monetary Authority (HKMA) is preparing to launch ‘Wealth Connect 3.0’, an upgraded version of its cross-border...
3 days ago


Hong Kong promotes itself as top family office hub at summit
Hong Kong positioned itself as a prime destination for family offices at the Wealth for Good in Hong Kong Summit on Wednesday, drawing...
3 days ago

South Korea vows financial stability amid global risks
South Korea's top financial regulator pledged to take pre-emptive steps to safeguard financial stability as the country faces challenges...
3 days ago


DBS eyes majority stake in Indonesia's Panin Bank
DBS Group is leading the race to acquire a controlling stake in Indonesia’s Panin Bank, ahead of Malaysia’s CIMB Group, according to...
3 days ago


Global family office market to double by 2032
The global family office market is projected to grow from USD27.2bn in 2022 to USD54.7bn by 2032, driven by rising wealth and complex...
6 days ago


Global investment firms setting up offices in Hong Kong
France’s Ardian SAS and US-based Arga Investment Management LP are setting up offices in Hong Kong, signalling renewed interest in the...
6 days ago


AXA targets double-digit growth in Thai market
AXA Insurance Thailand is aiming for double-digit growth in non-life insurance premiums this year, banking on strong demand in motor,...
6 days ago


Philippine banks see millions lost to cyberattacks in 2024
Financial institutions supervised by the Bangko Sentral ng Pilipinas (BSP) reported cyberattack-related losses amounting to PHP5.82bn...
6 days ago


Hong Kong set to exceed family office target
Hong Kong is on track to surpass its target of attracting over 200 large family offices by year-end, Secretary for Financial Services and...
7 days ago


Hong Kong to host wealth summit amid global push
Hong Kong will host the third Wealth for Good in Hong Kong Summit on March 26, highlighting its role as a global wealth management hub....
7 days ago


PE deals in Asia rebound in 2024
Private equity (PE) deal activity in Asia-Pacific rose 11% to USD176bn in 2024, driven by a surge in buyout transactions, global...
7 days ago


HSBC names new Asia investment banking head
HSBC has promoted Chito Jeyarajah as head of investment banking in Asia, effective April 1, the bank confirmed. Jeyarajah, currently head...
7 days ago
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