Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
Singapore
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UBS GWM hires Carl Ashton for its Australia team
Ashton has joined from Citi and is based in Singapore.
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Bank of Singapore doubles assets in Singapore discretionary mandates
Strong interest in Singapore equities drove the growth in the bank’s discretionary portfolio.
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UOBAM launches Asean dividend ETF
UOBAM is partnering with FTSE Russell and Ping An Fund Management to offer the ETF to Singapore and international investors.
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Standard Chartered hires former UBS GWM and JPMAM strategists
Sundeep Gantori and Jonathan Liang join as the bank pursues the growth of its affluent business.
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Wellington Management inks sales deal with Standard Chartered
The fund focuses on ‘dividend compounders, dividend leaders, and dividend surprisers.
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Hongkong Land launches inaugural private real estate fund in Singapore
SCPREF is expected to be seeded by Hongkong Land’s Singapore commercial portfolio.
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Temasek merges Pavilion Capital and Seviora Group
Seviora Group will see its assets under management jump from $63bn to $72bn.
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LGI unveils insured physical gold fund in Singapore
The Lion Global Singapore Physical Gold fund is backed by physical gold, insured and vaulted in Singapore, and sold by a consortium of banks.
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Cathay United Bank launches corporate bonds in Singapore
The new corporate bond services support clients in hedging, liquidity planning, and operational optimisation.
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Eastspring Investments selected by MAS for EQDP
Eastspring will manage a Singapore equity strategy focused on income and growth.
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Hong Kong wealth investors adopt alts more than in Singapore: Endowus survey
Two thirds of those invested in alternatives in Hong Kong self-serve their allocation, the survey found.
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MAS selects six new asset managers for equity market development programme
The Monetary Authority of Singapore (MAS) also has plans for a dual-listing bridge with the Nasdaq exchange.
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Endowus partners with Avanda IM to broaden access to Singapore equities
The collaboration will focus on small- and mid-cap companies in the Lion City.
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IG Singapore launches interest-paying app
To earn 3% annual interest, investors need to open an account and complete at least one trade each calendar month
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MAS warns of risks posed by ‘stretched’ AI equity valuations
Singapore’s central bank says a pullback in AI and tech stocks could trigger broader spillovers in its annual financial stability review.
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Lioner expands its Singapore office
The financial group has moved to One Raffles Place.