Singapore’s biggest insurer has sparked questions by replacing its experienced investment chief, Yoon Mun Thim, in another senior shakeup in the industry.
Singapore-based New Silkroutes Group has acquired 51% of $250 million multi-family office Stamford Management, reflecting a trend towards consolidation in the private wealth industry in Asia and beyond....
Historical precedents, limited central bank tightening, earnings momentum—all are cited as factors supporting the market, although the mix of growth looks set to change.
The country's life insurers are investing more into alternatives and equity to raise returns. Doing so comes with sizeable risks that smaller firms may struggle with, say experts.
Asset managers, advisers and distributors in India say planned rules to separate provision of investment advice from sale of mutual funds will hamper investment industry growth.
Beijing's new draft rules for private funds do not mention regulating these products' investing into non-standard assets, which could let them conduct corporate lending, said observers.