Business
Push to allow Norway's wealth fund to invest in defence companies falters
Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be…
Tag
wealth
Business
iFast receives MAS trust business licence, enhances wealth management capabilities
iFast Corp announced on Friday (May 2) that its global trust, a Singapore-incorporated entity within the group, has been granted a trust…
Business
Indonesia’s state banks eye bigger share of growing wealth market in Singapore
Bank Negara Indonesia (BNI) and Bank Mandiri, Indonesia’s state-owned banks, are pulling out all the stops to make their mark in…
Business
Norway wealth fund CEO sees potential in real estate, renewable assets
Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s…
Business
iFast Q1 net profit rises 31.2% to S$19 million on continued growth in UK bank, wealth management platform business
Digital bank and wealth management platform iFast said its net profit rose 31.2 per cent year on year to S$19 million for the first…
Business
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista, marking the second of three…
Business
UBS to sell India wealth business to 360 ONE, take 5% stake in India partner
This deal will see the firm relinquish equity control in its India onshore wealth business while taking up the offshore wealth business of…
Business
Nomura scales back China wealth unit, seeks new securities CEO
Nomura Holdings has scaled back its original focus on China wealth to prioritise an expansion in brokerage and asset management in the…
Business
Qatar to invest US$2 billion in Indonesia sovereign wealth fund
Prabowo is on a five-nation tour of the Middle East, visiting the United Arab Emirates, Turkey, Egypt, Qatar and Jordan to boost bilateral…
Business
UBS Wealth, Templeton see Chinese stocks braving tariff blow
Some of the world’s biggest money managers say Chinese stocks have the means to weather the tariff blitz unleashed by US President Donald…
Business
UBS expands wealth service to target Australia’s mining capital
UBS Group promoted Tim Clemenger to be its first client adviser for wealth management based in Perth, the Swiss bank’s latest move to…
Business
Prudential launches dedicated space for high-net-worth customers to capture wealth management demand
As life insurers increasingly focus on high-net-worth (HNW) clients and expand their wealth management services, Prudential has introduced…
Politics
Weapons, war and wealth: The business of arms in the Middle East
ABU DHABI, United Arab Emirates — Arms are a global business, so it’s little surprise that at the International Defense Exhibition and…
Business
How to Build Wealth for Retirement: Smart Investing Strategies
If you want to build wealth for retirement, it will require careful planning, disciplined investing, and a long-term perspective. Whether…
Business
Unveiling the Secrets of Wealth Preservation and Management
Wealth isn’t just about numbers on a screen or balances in a bank account. It’s a testament to your hard work, strategic decisions, and,…
Business
Indonesia launches new multi-billion-dollar sovereign wealth fund
Prabowo Subianto has ordered sweeping cuts across government to fund his key campaign pledges including the new investment vehicle (Bagus…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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.…
Politics
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…
Politics
What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
While he was campaigning last fall, President Trump bemoaned the lack of a U.S.-backed investment fund and promised to create one. “Other…
Business
Luxury 'doomsday bunker' for ultrarich unveiled by US firm
An opulent $300 million doomsday bunker complex, to protect ultrarich clients from disasters, has been unveiled by protective design…