Investment funds are increasingly targeting sectors with resilience or counter-cyclical potential, as capital outflows from Southeast...

Southeast Asia-based limited partners (LPs), led by family offices, are increasingly allocating funds to private assets, according to a...

A consortium led by KKR and Japan’s Hulic has submitted a bid to acquire the Shiodome City Center, a 43-story Tokyo skyscraper owned by...

China and Hong Kong will expand the Wealth Connect pilot scheme by adding 10 securities firms, including major brokerages like China...

Singapore-based external asset manager Lighthouse Canton has appointed Stella Lau, a seasoned private banker formerly with Deutsche Bank,...

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

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

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

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

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

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

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

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

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

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

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

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

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

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