Wealth

Indonesia’s sovereign wealth fund Danantara loans US5 million to flag carrier Garuda
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
June 24, 2025
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jetsPublished Tue, Jun 24, 2025 · 05:33 PM[JAKARTA]...
HSBC names new head of wealth and premier solutions for Singapore
HSBC names new head of wealth and premier solutions for Singapore
June 20, 2025
[SINGAPORE] HSBC announced on Friday (Jun 20) that it has appointed Ishan Sarkar as the bank’s new head of wealth and premier solutions (WPS). He will be based in...
Blackstone’s ASK plans to hire 70 wealth bankers in India
Blackstone’s ASK plans to hire 70 wealth bankers in India
June 19, 2025
The group has over 745 billion rupees in assets across alternative investment funds, portfolio management services and private wealthPublished Thu, Jun 19, 2025 · 10:32 AM[MUMBAI] Blackstone’s ASK Group...
CEO’s wealth hits US billion as unprofitable Chinese medicine firm’s stock soars
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
June 18, 2025
[NEW YORK] A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the world’s largest fortunes. The firm, Hong Kong-based...
CEO’s wealth hits US billion as unprofitable Chinese medicine firm’s stock soars
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
June 18, 2025
[NEW YORK] A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the world’s largest fortunes. The firm, Hong Kong-based...
DBS to add 100 wealth bankers in Hong Kong as clients trade more
DBS to add 100 wealth bankers in Hong Kong as clients trade more
June 16, 2025
DBS’s Hong Kong wealth revenue grew 86% in the first quarter from the corresponding period in 2023Published Mon, Jun 16, 2025 · 04:25 PM[HONG KONG] DBS Group Holdings, Singapore’s...
Nomura to shut branch in China as it scales back wealth business
Nomura to shut branch in China as it scales back wealth business
June 9, 2025
The closure comes four years after Nomura announced the opening of the office in late 2021, when it was pushing to expand in areas that are home to rich...
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
June 6, 2025
[SINGAPORE] Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg. The sovereign wealth fund is said to be in...
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
June 6, 2025
[SINGAPORE] Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg. The sovereign wealth fund is said to be in...
Garuda said in talks for US0 million from Indonesia wealth fund
Garuda said in talks for US$500 million from Indonesia wealth fund
June 4, 2025
[JAKARTA] Garuda Indonesia is in talks with the country’s sovereign wealth fund Danantara about an injection of around US$500 million, according to sources familiar with the matter, as the...