Wealth
Indonesia launches sovereign wealth fund aiming to hold US$900 billion in assets
A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could give President Prabowo Subianto a major cache of funds to...
Australia’s Perpetual ends talks with KKR on sale of wealth, trust units
AUSTRALIA’S Perpetual on Monday said it has ended talks with KKR for the sale of its wealth management and corporate trust units, while confirming plans to pursue a sale...
Manulife’s profit climbs on wealth management strength, Asia growth
MANULIFE Financial posted higher fourth-quarter profit on Wednesday, bolstered by a thriving wealth and asset management business and strong growth in Asia.The results underscore the rising significance of Manulife’s...
AI to transform wealth management, Microsoft executive says
ARTIFICIAL intelligence will bring major upheaval to wealth management, a Microsoft executive said, as the technology’s potential to process information vastly reduces the hurdles required to compete with established...
Pension segment and new licence to grow wealth management business: iFast CEO
THE core wealth management business of iFast recovered in 2024, with net inflows of S$3.3 billion compared to S$2 billion the year prior.Gross unit trust subscription increased to S$7.4...
Trump wants a sovereign wealth fund for the US. What are they?
SOVEREIGN wealth funds are some of the most powerful – and secretive – investors in the world, with more than US$13 trillion estimated to be in their accounts. Run...
Goldman rakes in record wealth revenue from ultra-rich in Asia
GOLDMAN Sachs’s revenue from its Asia-Pacific wealth unit hit a record last year as ultra-rich clients turned to the bank to navigate volatile markets and political tension, according to...
Apollo to boost staffing for Japan and Asia wealth, top regional executive says
APOLLO Global Management plans to expand in Japan and add staff to its Asia wealth business, its regional top executive said, as global investment firms pump more resources into...
