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Jun 13

South Korea sees record number of businesses founded by seniors in Q1

The number of enterprises founded by individuals aged 60 and above hit a record high in the first quarter, despite an overall decline in...

DBS aims for SGD500bn wealth assets by 2026

Jun 13

ASSET MANAGEMENT

DBS aims for SGD500bn wealth assets by 2026

DBS Group plans to increase its wealth business assets to SGD500bn (USD369.7bn) by the end of 2026, said Shee Tse Koon, head of the unit....

New rules may curb hedge fund distribution by Chinese banks

Jun 13

REGULATION

New rules may curb hedge fund distribution by Chinese banks

Chinese regulators are considering stricter rules on how banks sell financial products, potentially cutting off a key distribution...

JPMorgan’s SE Asia M&A head joins Citigroup

Jun 13

PEOPLE MOVES

JPMorgan’s SE Asia M&A head joins Citigroup

JPMorgan Chase & Co.’s head of mergers and acquisitions for Southeast Asia, Johannes Roth, has left to join Citigroup Inc, according to...

UOB names new CEO of Thailand operations

Jun 12

PEOPLE MOVES

UOB names new CEO of Thailand operations

UOB has announced the appointment of Richard Maloney as the new CEO of its Thailand operations starting July 1. Maloney, who joined UOB...

Apac M&A activity hits 11-year low, down 26% YoY

Jun 12

ECONOMY

Apac M&A activity hits 11-year low, down 26% YoY

Mergers and acquisitions (M&A) activity in the Asia-Pacific (Apac) region has significantly declined, reaching an 11-year low of USD179bn...

Jun 12

FAMILY OFFICES

Hong Kong sees surge in financial managers, family offices

Despite concerns over potential capital flight following the enactment of the national security law in 2020, Hong Kong’s financial sector...

Carlyle eyes 300 Japanese businesses amid PE surge

Jun 12

PRIVATE EQUITY

Carlyle eyes 300 Japanese businesses amid PE surge

Carlyle Group Inc. is actively exploring around 300 Japanese businesses, indicating robust private equity activity in the country....

Standard Chartered launches first global management unit in Singapore

Jun 11

PEOPLE MOVES

Standard Chartered launches first global management unit in Singapore

Standard Chartered has launched its first variable capital company (VCC), Standard Chartered Funds VCC (SC Fund), in Singapore. This new...

HSBC completes acquisition of Citi’s wealth management in China

Jun 11

ASSET MANAGEMENT

HSBC completes acquisition of Citi’s wealth management in China

HSBC has finalised the acquisition of Citi’s retail wealth management portfolio in mainland China, expanding its presence across 11 major...

Philippines economic outlook revised following slow Q1

Jun 11

ECONOMY

Philippines economic outlook revised following slow Q1

The International Monetary Fund (IMF) has adjusted its growth forecast for the Philippines, now projecting a 6% GDP increase for this...

Singapore banks tighten controls in wake of record money-laundering scandal

Jun 11

REGULATION

Singapore banks tighten controls in wake of record money-laundering scandal

In response to Singapore’s largest money-laundering scandal involving over SGD3bn (USD2.22bn) laundered through 16 financial...

Singapore banks commit SGD4m to combat scams, aid community

Jun 10

REGULATION

Singapore banks commit SGD4m to combat scams, aid community

The Association of Banks in Singapore (ABS) launched a SGD4m (USD2.86m) Community Giveback Programme with 50 member banks including DBS,...

G7 to warn smaller Chinese banks over Russia ties

Jun 10

REGULATION

G7 to warn smaller Chinese banks over Russia ties

US officials anticipate that the Group of Seven (G7) will issue a stern warning to smaller Chinese banks at their summit in Italy on June...

HKEX urges investors not to fear over market negativity

Jun 10

ECONOMY

HKEX urges investors not to fear over market negativity

Hong Kong Exchanges and Clearing deputy chief executive Wilfred Yiu encouraged investors not to be deterred by negative remarks about...

Vietnam sees surge in securities accounts opening in May

Jun 10

OTHER NEWS

Vietnam sees surge in securities accounts opening in May

In Vietnam, May saw a resurgence in the number of new securities accounts, with 132,010 opened, predominantly by domestic investors,...

HSBC to open three wealth centres in Singapore by 2025

Jun 7

FAMILY OFFICES

HSBC to open three wealth centres in Singapore by 2025

London-based HSBC is expanding its presence in Singapore with plans to open three wealth centres by early 2025, aimed at enhancing client...

Hong Kong’s wealthy to invest over half their cash holdings

Jun 7

FAMILY OFFICES

Hong Kong’s wealthy to invest over half their cash holdings

A report by The Hongkong and Shanghai Banking Corporation reveals that Hong Kong’s affluent investors plan to allocate over half of their...

Malaysia’s EPF to enhance retirement security amid ageing challenge

Jun 7

INSURANCE

Malaysia’s EPF to enhance retirement security amid ageing challenge

At the International Social Wellbeing Conference 2024, EPF CEO Ahmad Zulqarnain Onn emphasised the need for reforms in Malaysia’s...

Hong Kong seeks to expand wealth links with mainland China

Jun 7

ASSET MANAGEMENT

Hong Kong seeks to expand wealth links with mainland China

Hong Kong’s central bank chief and top executives from UBS Group AG and HSBC Holdings Plc have advocated for expanding the Wealth...

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