All posts - Dont Delete | Asia First

ALL NEWS

Aug 21

Hong Kong’s central bank sets new rules for AI use in banking

Hong Kong’s de facto central bank has issued new guidelines for financial institutions using generative artificial intelligence (GenAI)...

Emirates NBD appoints new wealth management head for Singapore

Aug 21

PEOPLE MOVES

Emirates NBD appoints new wealth management head for Singapore

Emirates NBD, the Dubai government-owned bank, has appointed Sameer Deshpande as the new head of wealth management for its Singapore...

Bank of China replaces PwC with EY as its auditor

Aug 21

OTHER NEWS

Bank of China replaces PwC with EY as its auditor

PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, amid a regulatory probe into its work on China...

Vietnam banks shift to corporate lending in 2024

Aug 21

ASSET MANAGEMENT

Vietnam banks shift to corporate lending in 2024

In the first half of 2024, many banks in Vietnam shifted focus from retail to corporate lending to drive credit growth. Banks like...

Former Citibank, Julius Baer managers face charges in SGD3bn scandal

Aug 20

REGULATION

Former Citibank, Julius Baer managers face charges in SGD3bn scandal

In Singapore, two former relationship managers, Wang Qiming and Liu Kai, have been charged in connection with the country’s largest money...

China, US finance departments establish crisis communication channels

Aug 20

OTHER NEWS

China, US finance departments establish crisis communication channels

China’s central bank and the US Treasury agreed to establish direct contacts for managing future financial stress events, marking a step...

Aug 20

FAMILY OFFICES

Hong Kong bolsters wealth hub status with over 2,700 family offices

Hong Kong reported over 2,700 single-family offices last year, according to a Deloitte survey, marking a significant boost in its...

Aug 20

ECONOMY

Digital economy forecast to capture 17% of global GDP by 2028

Forrester’s Global Digital Economy Forecast, 2023-2028 report, released on August 19, projects the digital economy to swell to...

EQT buys Southeast Asia’s PropertyGuru for USD1.1bn

Aug 19

PRIVATE EQUITY

EQT buys Southeast Asia’s PropertyGuru for USD1.1bn

EQT Private Capital Asia will acquire Southeast Asia’s leading proptech company, PropertyGuru, for USD1.1bn. PropertyGuru’s board...

Singapore-Malaysia joint raid busts Johor money laundering syndicate

Aug 19

REGULATION

Singapore-Malaysia joint raid busts Johor money laundering syndicate

Singapore and Malaysian police dismantled a Johor Bahru-based money laundering syndicate linked to scam operations, arresting twelve...

South Korea-Japan finance chiefs to meet in Tokyo next month

Aug 19

REGULATION

South Korea-Japan finance chiefs to meet in Tokyo next month

South Korea’s Financial Services Commission Chairman Kim Byoung-hwan is set to meet Japan’s Financial Services Agency Commissioner Hideki...

Aug 19

FAMILY OFFICES

Family offices shift from cash to bonds and stocks in Q2 2024

In the second quarter of 2024, global family offices reduced their cash holdings to increase investments in fixed income and equities,...

Capital Group names Stella Xu as Greater China institutional head

Aug 16

PEOPLE MOVES

Capital Group names Stella Xu as Greater China institutional head

Capital Group, a leading US-based asset manager with over USD2.7tr in assets, has appointed Stella Xu as head of institutional business...

Japan’s GDP surges 3.1%, beating forecasts

Aug 16

ECONOMY

Japan’s GDP surges 3.1%, beating forecasts

Japan’s economy grew by an annualized 3.1% in April-June, surpassing expectations due to a solid rise in consumption, according to data...

HKMA introduces AI sandbox to boost fintech innovation

Aug 16

REGULATION

HKMA introduces AI sandbox to boost fintech innovation

The Hong Kong Monetary Authority (HKMA) and Hong Kong Cyberport Management Company launched the Generative Artificial Intelligence...

Taiwan’s financial sector cuts China exposure by 8.9%

Aug 16

ASSET MANAGEMENT

Taiwan’s financial sector cuts China exposure by 8.9%

Taiwan’s financial services companies reduced their exposure to China by 8.9% year-on-year to NTD1.02tr (USD31.41bn) at the end of last...

Singapore banks to explore quantum security

Aug 15

REGULATION

Singapore banks to explore quantum security

The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has signed a Memorandum of Understanding...

Adrian Cheng predicts Hong Kong's wealth boom

Aug 15

FAMILY OFFICES

Adrian Cheng predicts Hong Kong's wealth boom

Hong Kong is rapidly emerging as a top global financial center, attracting the world's wealthiest individuals. Adrian Cheng, CEO of New...

Simon Cheung to lead Neuberger Berman's family office push in Asia

Aug 15

PEOPLE MOVES

Simon Cheung to lead Neuberger Berman's family office push in Asia

Neuberger Berman has appointed Simon Cheung as Senior Vice President to lead its single family office efforts in Hong Kong and Southeast...

CIMB, Maybank fined for e-banking disruptions in Malaysia

Aug 15

REGULATION

CIMB, Maybank fined for e-banking disruptions in Malaysia

Malaysia's central bank, Bank Negara Malaysia (BNM), announced on Wednesday that it has imposed penalties on CIMB Bank Berhad, CIMB...

16 17

19 20

ALL NEWS

Home
About Us
Contact Us
Terms of Use & Privacy

All News
Economy
Family Offices
Asset Management

People Moves
Private Equity
Regulation
Other News

Insights
Events
Newsletter
Partnering