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1 week ago | 
citywire.com | James Phillipps
Selon le rapport annuel sur la richesse publié par UBS mercredi 18 juin, la croissance de la richesse mondiale s’est accélérée l’année dernière grâce à la vigueur des marchés, augmentant de 4,6% et créant 684.000 nouveaux millionnaires en dollars américains.
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1 week ago | 
citywire.com | James Phillipps
Global wealth growth accelerated last year on the back of strong markets, climbing 4.6% and minting 684,000 new US dollar millionaires. UBS said record personal wealth will increasingly be targeted by governments looking to up their tax takes as they wrestle with mountainous levels of sovereign debt.
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1 week ago | 
citywire.com | James Phillipps
Franklin Templeton has launched its Putnam Investments’ best ideas US equity strategy into Hong Kong and Singapore. The FTGF Putnam US Research fund launch marks the latest expansion of Franklin’s retail range in the region. More funds from Putnam, which Franklin acquired in 2024, will be made available to Asian investors in time, the firm said in a statement. At the same time, the Franklin Ultra Short Duration Income fund has been registered for retail sale in Singapore.
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1 week ago | 
citywire.com | James Phillipps
Matt Linker, wealthtech firm Arta’s head of derivatives, says his role as poacher-turned-gamekeeper at the digital wealth platform tries to bring transparency and value into structured products.
A staple of private banking clients’ portfolios in Asia, the products have long been popular for features like guaranteed returns and capital protection. But their charges have remained stubbornly opaque, which Linker, sees as an opportunity to differentiate.
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2 weeks ago | 
citywire.com | James Phillipps
Specialist bond house Silverdale Capital has added a local currency hedged share class to a fixed maturity strategy for family offices, enabling them to pick up a 6% yield without forex risk. The Singapore dollar hedged share class is available on the firm’s existing Silverdale Target Return Fund August 2027. ‘The message from family offices was clear: give us the premium yields still available in US dollar credit, but deliver them in Singapore dollars,’ said president Aseem Arora.
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2 weeks ago | 
citywire.com | James Phillipps
Robeco has promoted head of fixed income Asia Thu Ha Chow to Singapore country head.
Chow (pictured) replaces Nayan Patel, the Dutch asset manager’s former Singapore CEO and Southeast Asia institutional business head, who left this month.
She will retain her existing responsibilities with the bond team and report to Lawrence Hanson, head of sales Asia Pacific. Already have an account? Do you personally advise on or manage investments for clients?
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2 weeks ago | 
citywire.com | James Phillipps
Private banks are increasingly opening up their discretionary propositions to a wider range of clients to boost assets.
Battling volatile markets and fierce margin pressures, many institutions are looking at ways to cast their nets wider and drive growth.
‘The direction of travel is towards making discretionary solutions more accessible to a wider spectrum of private investors,’ said Lina Lim, HSBC regional and Hong Kong head of discretionary and funds, investments and wealth solutions.
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2 weeks ago | 
citywire.com | Natalia Vasnier |James Phillipps |Dylan Lobo |Ebbani Juneja
Former HSBC Global Private Banking and Wealth CEO Annabel Spring is joining Allfunds as chief executive.
She will replace Allfunds founder and CEO Juan Alcaraz this month. Alcaraz, the 25-year platform veteran, is set to move into an advisory role for the next 12 months before taking on ‘new challenges’.
Spring spent six years at HSBC, leaving in December after the bank restructured. Already have an account? Which of the following best describes your role?
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2 weeks ago | 
citywire.com | James Phillipps
DBS’s long-time managed solutions head has retired after more than a decade at the Singaporean bank, Citywire Asia understands.
Marc Lansonneur (pictured) stepped down from his role as head of managed solutions, balance sheet products and investment governance in April, remaining a managing director, according to his LinkedIn.
He has now left the bank, Citywire Asia understands. Already have an account? Do you personally advise on or manage investments for clients?
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2 weeks ago | 
citywire.com | James Phillipps
Capital Group has partnered Bank of Singapore in the asset manager’s latest tie-up to distribute its Multi-Sector Income fund.
The diversified fixed income strategy will be made available to the OCBC-owned private bank’s clients.
Capital, which runs $2.8tn, announced an arrangement with Deutsche Bank last April that would see the German lender offer the fund to its clients worldwide. Already have an account? Do you personally advise on or manage investments for clients?
