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HKMA initiates banking system overhaul

The HKMA will allow deposit-taking companies (DTCs) to roll over their deposits upon conversion to restricted licensed banks. DTCs, the...

CITI Wealth names Yeo Wenxian head of wealth for Asia South

Aug 7

CITI Wealth names Yeo Wenxian head of wealth for Asia South

CITI Wealth announced the appointment of Yeo Wenxian as the new head of wealth for Asia South and CEO of Citibank Singapore, effective...

Innovative insurance from AXA covers extreme heat in Hong Kong

Aug 7

Innovative insurance from AXA covers extreme heat in Hong Kong

AXA has introduced a novel heatwave-related insurance product in Hong Kong, offering coverage to outdoor workers as summer intensifies....

Woori returns to investment banking after 10-year hiatus

Aug 6

Woori returns to investment banking after 10-year hiatus

Woori Investment & Securities, part of Woori Financial Group, has launched as a mid-tier brokerage, marking its reentry into the sector...

Knight Frank: Hong Kong rising as family office centre

Aug 6

FAMILY OFFICES

Knight Frank: Hong Kong rising as family office centre

Hong Kong is set to grow as a family office hub due to legislative changes and challenges in rival hubs, as highlighted by a Knight Frank...

BlackRock strengthens Chinese team with key investment role changes

Aug 6

BlackRock strengthens Chinese team with key investment role changes

BlackRock’s Chinese fund management subsidiary has announced key personnel changes to enhance its investment team. Lu Wenjie is now the...

Chinese regulators push state firms to drop PwC as auditor

Aug 6

Chinese regulators push state firms to drop PwC as auditor

Chinese regulators have asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor due to its work for...

Prudential names Angel Ng as Greater China CEO

Aug 5

Prudential names Angel Ng as Greater China CEO

Prudential has appointed Angel Ng, a former senior leader at Citi, as the new CEO for its Greater China, customer, and wealth businesses....

JP Morgan merges Japanese equity trusts into GBP1bn Portfolio

Aug 5

ASSET MANAGEMENT

JP Morgan merges Japanese equity trusts into GBP1bn Portfolio

JP Morgan Asset Management is merging two of its Japanese equity-focused trusts, JPMorgan Japanese and JPMorgan Japan Small Cap Growth &...

Aug 5

FAMILY OFFICES

Family offices drive APAC hotel investment surge

Family offices are driving a surge in hotel investments in the Asia-Pacific region, with a 19% increase in transactions totaling USD5.7bn...

Raffles Family Office names new board advisor

Aug 5

Raffles Family Office names new board advisor

Raffles Family Office (RFO) has appointed Dr. Niti Nerngchamnong as a board advisor to enhance family governance and succession planning....

Northern Trust expands Singapore team with key appointments

Aug 2

Northern Trust expands Singapore team with key appointments

Northern Trust has appointed Kai Jebens as head of client development for Southeast Asia and Chris Vera as senior digital solutions...

Singapore regulator bans asset management firm’s ex-CEO for two years

Aug 2

Singapore regulator bans asset management firm’s ex-CEO for two years

The Monetary Authority of Singapore (MAS) has issued a two-year prohibition order against Sun Quan, the executive director and former CEO...

Warburg Pincus, Lendlease launch life sciences real estate JV

Aug 2

Warburg Pincus, Lendlease launch life sciences real estate JV

Warburg Pincus and Lendlease announced the final closing of a life sciences real estate joint venture platform, with each committing 50%...

Aug 2

FAMILY OFFICES

Hong Kong firm expands its family office services amid real estate slump

Centaline Wealth Management, a subsidiary of Hong Kong’s Centaline Group, is expanding its family office services amid a real estate...

HK Exchange Fund income falls 11% in H1 2024

Aug 1

ASSET MANAGEMENT

HK Exchange Fund income falls 11% in H1 2024

Hong Kong’s Exchange Fund reported HKD104bn (USD13.31bn) in investment income for the first half of the year, down 11% from 2023, the...

China loses appeal as investors look to Japan, India & South Korea

Aug 1

PRIVATE EQUITY

China loses appeal as investors look to Japan, India & South Korea

Alternative investors are diversifying into Japan, India, and South Korea as China loses appeal for private equity, real estate, and...

Global accounting body pushes for better climate reporting

Aug 1

Global accounting body pushes for better climate reporting

A global accounting body proposed guidance for companies to better show the impact of climate change on their financial performance,...

HSBC reports strong wealth growth, surpasses estimates

Aug 1