BlackRock authorised for its first tokenised money market fund in Hong Kong
Investors will be able to use HKDAP issued by Standard Chartered-led Anchorpoint Financial Limited to subscribe and redeem from the fund.
The five internal appointees have been re-located to Hong Kong and Singapore.
Steven Chua be head of retail intermediaries, Singapore, and Suleen Law has been hired as head of private banks and family offices.
The new office will also support the expansion of IFM’s private market capabilities across Asia.
As companies stay private longer and capture more of their growth while still private, a deepening secondary market and the rise of evergreen funds are strengthening the case for accessing venture capital and growth equity through evergreen vehicles.
Kenneth Ong has been hired as Manulife IM’s head of equities, Singapore, replacing former head Chan Hock Fai who is retiring at year end.
The five strategies cover quants, high income, energy and Apac equities.
The private banking arm of HSBC has made four new appointments to its Singapore and India desks.
Fullerton Fund Management will provide the new wealthtech platform with SGD-denominated investment strategies.
Sebastian Paredes, head of North Asia and CEO of DBS Bank (Hong Kong), will be retiring from executive duties.
Wealth management income for 1H26 rose 16% from the previous year.
AllianzGI will also have long-term access to UOB’s retail client network.
The platform serves both directions of the India capital corridor.
Muriel Aboud Schirmann and Louis Shen take on senior roles in Singapore.
The agreement expands MSCI’s partnership with SGX to cover global and regional equity benchmarks.
Calvin Liew will lead the firm’s next phase of growth in Southeast Asia.
DBS and Samsung Securities collaborate for wealth management.