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1 week ago | 
finews.asia | Richard Otsuki
Amundi: Asians Less Likely to Hold Investments DigitallyWhile retail investors in Asia relied on online sources for all types of financial solutions, they were less likely to hold investments on digital platforms compared to global peers, according to a survey by French asset manager Amundi.
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1 week ago | 
finews.asia | Richard Otsuki
Hang Seng Bank Promotes Hong Kong Leader’s SonHSBC subsidiary Hang Seng Bank has announced the promotion of the son of John Lee, Hong Kong's chief executive. Hang Seng Bank has appointed Gilbert Lee Man-lung as vice-chairman of the Hong Kong lender’s China unit, according to a statement. Lee, the eldest son of Hong Kong chief executive John Lee, first joined Hang Seng in 2014. He was most recently the bank's head of strategy and planning as well as chief of staff to the CEO.
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1 week ago | 
finews.asia | Richard Otsuki
Lighthouse Canton Launches Family Office ReportSingapore-headquartered Lighthouse Canton has released a white paper focused on family offices and their benefits as an institutional model to manage wealth for the ultra-rich. Lighthouse Canton has launched a white paper entitled «The Multi-Family Office Advantage» which explores the benefits of a family office's institutional approach, according to a statement.
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1 week ago | 
finews.asia | Richard Otsuki
Hong Kong Aims to Set Standard for Crypto AnalystsA professional body for crypto analysts in Hong Kong announced its ambitions to be a leader in the space with the upcoming launch of a standard exam. The Hong Kong Institute of Chartered Digital Asset Analysts (HKCDAA) held its grand inauguration ceremony and marked the official opening of its headquarters, according to a statement.
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1 week ago | 
finews.asia | Richard Otsuki
Accenture Invests in Wealth Content CompanyDublin-based IT and management consulting firm Accenture has invested in a new company focused on helping Asian wealth managers in content engagement. Accenture’s venture unit – Accenture Ventures – has invested in GoUpscale, a content engagement technology firm that helps wealth management companies across Asia «reinvent client engagement strategies and elevate digital communications», according to a statement.
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1 week ago | 
finews.asia | Richard Otsuki
IQ-EQ Enters Australasian Market Via AcquisitionLuxembourg-based fund services firm IQ-EQ has made an entrance into Australia and New Zealand with a new acquisition. IQ-EQ has agreed to acquire the AMAL Group – a provider of corporate trust, agency services and loan servicing solutions with operations in Australia and New Zealand – according to a statement.
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1 week ago | 
finews.asia | Richard Otsuki
J.P. Morgan PB Adds Managing Director in Hong KongThe private banking unit of J.P. Morgan has added an investment veteran to join its Hong Kong office. J.P. Morgan Private Bank has appointed Wayne Bowers as managing director and head of institutional investment solutions in Asia, according to a LinkedIn post by the bank. Based in Hong Kong, he will serve the needs of family offices and non-profit organizations in the region.
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1 week ago | 
finews.asia | Richard Otsuki
Will China Weaponize Its US Treasury Holding? Amid the rapidly escalating trade war, some onlookers are speculating that Beijing could retaliate by dumping its giant US Treasury holding. Private banks sound off on the prospect of a mass sell-off by China and beyond. Based on official figures, China is the second largest holder of American government debt, also known as US Treasury bonds, at $761 billion, as of January 2025, behind Japan’s holding of more than $1 trillion.
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2 weeks ago | 
finews.asia | Richard Otsuki
UAE Bank Mashreq Partners With Goldman for DPMDubai-based Mashreq inked a partnership with Goldman Sachs Asset Management to expand its offering to wealth clients. Mashreq has formed a partnership with Goldman Sachs Asset Management (GSAM) to provide discretionary portfolio management services to wealth clients, according to a statement. From April 2025 onwards, customers can access discretionary mandates catering to various investment and income needs based on their risk appetites.
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2 weeks ago | 
finews.asia | Richard Otsuki
Endowus Triples Alternative Investments in 2024 Digital wealth manager Endowus saw its high net worth client assets grow in 2024 with strong appetite for alternative investments. In 2024, Endowus tripled investments in alternatives, including hedge funds and private markets, to over $350 million, according to a press release. In response to rising demand for alternatives, Endowus has also expanded its private market solutions with the launch of Endowus Private Credit and Endowus Private Equity.
