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Over the past quarter century, private equity in Asia Pacific has grown from what used to be described as a cottage industry to what might today be internationally perceived as the third pillar of the asset class. Most Popular.... To subscribe to Asia Asset Management magazine: Call us at (852) 2547 7331 during business hours (9am to 6pm, HKT ...
State Street appoints new Singapore, Southeast Asia head | Asia …
4 days ago · News. State Street Corporation has appointed Jason Rich as head of Singapore and Southeast Asia to take over from Kevin Hardy, who is leaving the US custodian bank after three years. Rich has worked at the bank since 2019 and is currently head of sales for Asia, a role that he will keep on top of his new position, which is effective January 1 ...
News | Asia Asset Management
News | Asia Asset Management. Philippine lawmakers pass bill to allow civil servants to retire at 56. Most Malaysian asset managers earn higher profits, Public Mutual led in 2021. Singapore entities the only ones from Southeast Asia in top ten wealth, pension funds. Malaysia suspends some short selling as coronavirus batters markets.
Capital Group makes senior Asia Pacific appointment | Asia Asset …
1 day ago · California-based Capital Group had around US$2.8 trillion of assets under management as of June 2024. Capital Group hires Marketa Dvorak from Wellington Management as managing director of global financial institutions in Asia Pacific.
Asia Pacific private debt assets grow faster than global average
Asia Pacific private debt asset growth beats global average but deal share down. Asia Pacific private debt assets grew an annualised 19.5% over the last three years, faster than the global average pace of 11.5%, but the region’s share of deals has dropped this year, probably because they have become more complex, according to data provider ...
Indonesia to launch new wealth fund after leader returns | Asia …
3 days ago · Indonesia will launch its second sovereign wealth fund, slated to hold all state-owned enterprises including the central bank, after the new leader of the Southeast Asian nation returns from overseas in two weeks. Muliaman Darmansyah Hadad, head of BPI Danantara, the new wealth fund, made the announcement in a statement on November 9.
Most global insurers to raise private asset exposure | Asia Asset ...
October 21, 2024. Asia. Global. News. The vast majority of global insurers are looking to raise exposure to private assets for asset-liability matching and to bolster income, according to a survey by US asset management giant BlackRock Inc. The company polled 410 insurance firms across 32 markets, including 29% in Asia Pacific, earlier this ...
LGT acquires Commonwealth Private Advice | Asia Asset …
2 days ago · LGT is the asset management and private banking business owned by the Liechtenstein royal family, with 356 billion Swiss francs of assets managed as of June. It announced the acquisition of CBA’s Commonwealth Private Advice in a statement on November 11, saying that the deal will “bolster its foothold in the Australian wealth management ...
MAS review group identifies priority areas for two workstreams
August 29, 2024. Asia. News. Singapore. Singapore’s central bank and financial regulator’s newly formed equities market review group has identified priority areas for its two workstreams in the review, which is expected to take up to a year. The enterprise and markets workstream will focus on ideas to encourage listings, increase investor ...
Investors set to increase allocation to private assets | Asia Asset ...
PGIM published the findings in a report on October 18. Around one-quarter of the investment portfolios of survey respondents are currently in private alternatives. The most widely held asset classes are real estate equity at 18%, private credit, 11%, and 10% each in …