The number of “millionaires next door” is growing exponentially in Asia-Pacific and they are turning to technology as they seek better returns from their investable assets.
As rising interest rates take some of the shine off the bond market, FinEX Asia suggests investors explore consumer finance for stable returns.
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If the Hong Kong crisis escalates and Beijing intervenes, what would the repercussions be?
Nine Masts founder exits; Ontario Teachers' CEO on Asia buildout plans; First State Super's hiring spree; Merian poaches T. Rowe Price saleswoman; Capital Group beefs digital team; HSBC Singapore bolsters private banking
In a shakeup of our annual asset owner list, AsianInvestor is waving goodbye to commercial banks from the prestigious asset owner list.
Value Partners loses sales MD; M&G puts offices in Australia; Vulcan Capital opens Singapore branch; AllianzGI adds private credit managers; Investec hires China analyst; BNY Mellon IM adds China salesman; Pictet WM overhauls Asia leadership, and more.
Another long-standing staffer has left the Hong Kong-based fund house after a series of senior departures and reshuffles, and is understood to be joining a rival.
The new appointee, who previously ran Asia insurance coverage for JP Morgan Asset Management, will be supported by another recent arrival.
Aberdeen Standards adds Japan property head; Munich Re names new Greater China CEO; Investec shuts HK wealth business; HSBC non-committal on potential Asia layoffs; JLL replaces Singapore capital markets head; HSBC PB poaches from Credit Suisse, and more.
Hong Kong's incoming solvency rules for insurers will have a big impact on their fixed income portfolios just as they will on their higher-risk asset holdings, warn industry experts.
China's second-largest life insurer also upped its investments in a selective number of stocks, according to its latest interim results.
The world's biggest fund house is making changes to its management and sales setup in Taiwan after a sharp fall in its assets under management there since end-2017.