Sunday, 19 May 2024

FINANCE Friday, 19 June 2015 16:14

SMBC Trust Bank Re-Brands Acquisition

Tokyo: SMBC Trust Bank Ltd has announced that the banking business it is acquiring from Citibank Japan will operate under the new brand identity, PRESTIA. The transaction is on schedule to be completed on November 1, 2015. The new identity will be launched...

FINANCE Thursday, 18 June 2015 16:23

Asia Now Wearing World Wealth Crown

Cap Gemini and RBC Wealth Management have presented their much anticipated 2015 World Wealth Report which reveals that Asia-Pacific overtook North America to become the region with the largest HNWI population at 4.69 million. However the report showed that the...

FINANCE Thursday, 18 June 2015 16:22

Hong Kong SFC Fines Securities Firm For Mis-Selling

The Securities and Futures Commission (SFC) has reprimanded and fined Phillip Securities (Hong Kong) Limited (Phillip Securities) $1 million for failings over its sale of a fund to four clients. Phillip Securities has also agreed to repurchase the fund from the...

FINANCE Thursday, 18 June 2015 16:21

Global Invested Property Hits New Record - Asia Strongest

The value of commercial real estate stock held by investors hit a new record of USD13.6tn in 2014, according to the 41st annual Money into Property report just released by DTZ. Of the three regions contributing to this 4% global increase, Asia Pacific benefitted...

FINANCE Thursday, 18 June 2015 16:20

China Will Become The Largest E-commerce Market

A report jointly released by Alibaba and Accenture revealed that China is poised to become the largest cross-border e-commerce market by 2020, as online retailers are expected to sell up to USD994bn worth of products to overseas customers by then, with China...

FINANCE Wednesday, 17 June 2015 16:14

10 Reasons To Start A Family Office

The following article was published recently on the site of Family Office Exchange (FOX) ©2015 Family Office Exchange. We believe the subject will resonate across APAC too and is published today on AWT with the kind permission of our friends at FOX. Alexandre...

FINANCE Wednesday, 17 June 2015 16:12

DBS Bank In US$10 Billion Covered Bond Programme

DBS Bank has announced that it has established a USD 10 billion global covered bond programme, a first for the Singapore market. Under the programme, DBS will issue covered bonds from time to time. Covered bonds are rated higher than unsecured debt, often...

FINANCE Wednesday, 17 June 2015 16:11

Knight Frank Launches Global House Price Index

Hong Kong leads the rankings while China ranks in bottom third.

FINANCE Wednesday, 17 June 2015 16:11

Dubai Real Estate Draws Chinese Investors

Over the past two years Chinese investors have reportedly poured more than US$353 million into Dubai's property market. Chinese entrepreneurs have invested in Dubai's land, houses and commercial buildings and according to Dubai's land bureau statistics around 10% of...

FINANCE Wednesday, 17 June 2015 16:10

Savills Investment Management In JV With China Minsheng

Savills Investment Management, the international property investment manager, and China Minsheng Investment Capital Co. Ltd (“CMIC”), a subsidiary company of China Minsheng Investment Corp., Ltd (CMI), China’s first national-level private investment company, have...

FINANCE Wednesday, 17 June 2015 16:10

Westpac Invests In Cyber Security Firm QuintessenceLabs

Australian bank Westpac has acquired an 11% stake in Canberra-based cybersecurity firm QuintessenceLabs. Central to QuintessenceLabs’ solutions is a powerful new technology delivering the most secure cryptographic keys using quantum-derived true random numbers...

FINANCE Wednesday, 17 June 2015 16:09

New Tokyo Office For International Law Firm

King & Spalding will open an office in Tokyo, the firm’s eighteenth office overall and tenth office outside the United States. The new Tokyo office, along with the firm’s Singapore office, will anchor King & Spalding’s market-leading energy practice throughout the...

FINANCE Wednesday, 17 June 2015 16:05

S&P And Singapore Exchange Launch Research Platform

S&P Capital IQ, a business unit of McGraw Hill Financial (MHFI), today announced the launch of IRFacts, an integrated data, analytics and market research platform, created in partnership with the Singapore Exchange (SGX), for IR professionals. Developed...

FINANCE Tuesday, 16 June 2015 20:04

Friends Provident International Announces Appointments Of Chairman And CEO

Friends Provident International Limited (FPI), part of the Aviva group, announces today the appointments of Chris Wei as Chairman*, and Khor Hock Seng as Chief Executive Officer* effective 1 July 2015. These appointments are an extension of Chris and Khor’s...

FINANCE Tuesday, 16 June 2015 18:18

Asia Pacific To Be Wealthiest Region By 2016

As we all already knew the Asia-Pacific region (excluding Japan) will surpass North America as the wealthiest region in the world in 2016. The Boston Consulting Group’s latest wealth report named Winning The Growth Game, BCG’s fifteenth annual study of the global...

FINANCE Tuesday, 16 June 2015 16:56

SE Asia Legal Roundup

Singapore Gets New Offshore Law Firm Offshore law firm Forbes Hare, which provides BVI and Cayman Islands legal and fiduciary services, is set to open a new office in Singapore on July 1. The Singapore office will be co-led by newly promoted partner Sam...

FINANCE Tuesday, 16 June 2015 16:55

Manulife Announces Senior Appointments

Manulife has announced the appointment of three senior executives in Hong Kong to support its business needs and developments. Calvin Chiu has been appointed Vice President, Pensions for Greater China at Manulife Asia. He is responsible for developing pension...

FINANCE Tuesday, 16 June 2015 16:54

Global Mega Trends To Shape Real Estate Future – Asia Leads

At Schroders’ Global Real Estate Conference, held last week, Duncan Owen, Schroders’ Global Head of Real Estate, addressed an audience that represented pension funds, insurance companies, charities and wealth managers from across the globe, with his key mega...

FINANCE Tuesday, 16 June 2015 16:46

Ultimate Maserati To Be Offered Soon

As more Asian buyers pursue passion investments an upcoming auction will offer a rare car that could fetch a record price. A signature concept car of the 1970s, the Maserati Boomerang was a one-off prototype unlike anything seen before. Using geometric shapes and...

FINANCE Tuesday, 16 June 2015 16:43

Hong Kong And London Link Up

According to reports out of Hong Kong the city’s Securities and Futures Commission has granted a license to the London Stock Exchange therefore allowing Hong Kong based financial businesses to become members of the exchange. Speaking on the sidelines of a local...

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