Business
Wealth funds warm to active management – and China – to weather volatility: report
The world’s sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying…
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wealth
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Nvidia Hits $4 Trillion value, Surpasses Apple and Microsoft as CEO Jensen Huang's Wealth Soars with AI Boom
US tech giant Nvidia created history by becoming the first publicly held company ever to be valued at more than $4 trillion. Right in the…
Business
HSBC expands UK wealth bet in race to £100 billion asset goal
HSBC Holdings is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it…
Business
BNP bets Hong Kong’s IPO boom will add to wealth momentum
BNP Paribas said Hong Kong’s boom in initial public offerings (IPOs) is adding further momentum to its Asia wealth business after a 20 per…
Business
AIA Singapore steps up wealth management ambitions even as it leverages ageing trend
By 2026, an estimated 21 per cent of Singapore’s population will be aged 65 and above, making it a “super-aged” society. This is a rise…
Business
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in…
Business
South Korea wealth fund to boost bets on AI startups, eyes China tech
South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds (VCs) as part of its broader…
Business
HSBC private banking arm names new Apac head of wealth planning
Ann Ling brings more than two decades of financial services experience to the role, which she will assume on Jul 1 HSBC Global Private…
Business
DBS, CapitaLand and more: Singapore’s long term wealth creation set to boost local stocks, says Morgan Stanley
As Singapore reaches its 60th birthday, Morgan Stanley says the city-state is “prime for wealth creation”. That could unlock real gains…
Business
DBS, CapitaLand and more: Singapore’s long-term wealth creation set to boost local stocks, says Morgan Stanley
As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”. That could unlock real gains…
Business
China’s wealth fund pulls plug on US$1 billion private equity sale
China’s sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private…
Business
Indonesia’s sovereign wealth funds Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Business
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Business
HSBC names new Head of Wealth and Premier Solutions for Singapore
HSBC announced on Friday (Jun 20) that it has appointed Ishan Sarkar as the bank’s new head of wealth and premier solutions (WPS). He will…
Business
Blackstone’s ASK plans to hire 70 wealth bankers in India
The group has over 745 billion rupees in assets across alternative investment funds, portfolio management services and private wealth…
Business
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the…
Business
Nomura to shut branch in China as it scales back wealth business
The company’s brokerage subsidiary plans to shut its branch in Zhejiang province by the end of the year Nomura Holdings is closing one of…
Business
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg.…
Business
Garuda said in talks for US$500 million from Indonesia wealth fund
Garuda Indonesia is in talks with the country’s sovereign wealth fund Danantara about an injection of around US$500 million, according to…
Business
Online broker Tiger to double Hong Kong headcount, targets offshore China wealth
Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a bigger…
Business
Indonesia’s wealth fund in talks to aid flagship airline Garuda
Garuda is in talks with Indonesia’s sovereign wealth fund Danantara about an injection of capital, people familiar with the matter said,…
Business
Rich Japanese still fear a yen crash, UBS wealth manager says
Speculators and much of the investing world have turned optimistic on the yen as Trump’s trade war keeps markets on edge. But there’s one…
Business
Norway wealth fund CEO sees potential in real estate, renewable assets
Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s…
Business
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista, marking the second of three…