wealth
Apollo draws US$61 billion in record quarter, but less from wealth
[ad_1] [NEW YORK] Apollo Capital Management reported record earnings from fees in the second quarter, driven by a boost in lending activity and a bump in managed assets, but reeled...
Richest Indonesian adds US$20 billion to wealth on energy rally
[ad_1] [SINGAPORE] Billionaire Prajogo Pangestu’s fortune is soaring once again, a sharp reversal from the precipitous falls that erased billions over the past year.The 81-year-old, who is Indonesia’s richest person,...
What We Miss When We Talk About the Racial Wealth Gap
[ad_1] His reluctance to treat family structure as a causal factor is similarly puzzling. He notes that married Black households have an average wealth of two hundred and thirty thousand...
Heavier anti-money laundering penalties could help Singapore maintain high standards as wealth hub
[ad_1] [SINGAPORE] Authorities in Singapore appear to be kicking it up a notch, as they round up more individuals and entities for their involvement in a S$3 billion money laundering...
Singapore must be willing to take some risks to capture wealth management opportunities: Chee Hong Tat
[ad_1] [SINGAPORE] Singapore must be willing to take some risks to capture new wealth management opportunities, but still maintain high standards of a stable, trusted environment, said Chee Hong Tat,...
HSBC expands UK wealth bet in race to £100 billion asset goal
[ad_1] [LONDON] HSBC Holdings is ramping up growth plans for its UK wealth management operations as Europe’s largest bank seeks to double the assets it oversees for well-heeled individuals in...
BNP bets Hong Kong’s IPO boom will add to wealth momentum
[ad_1] [HONG KONG] BNP Paribas said Hong Kong’s boom in initial public offerings (IPOs) is adding further momentum to its Asia wealth business after a 20 per cent rise in...
AIA Singapore steps up wealth management ambitions even as it leverages ageing trend
[ad_1] [SINGAPORE] By 2026, an estimated 21 per cent of Singapore’s population will be aged 65 and above, making it a “super-aged” society. This is a rise from the current...
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
[ad_1] Published Sat, Jul 5, 2025 · 01:11 AM[HONG KONG] The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in...
South Korea wealth fund to boost bets on AI startups, eyes China tech
[ad_1] [SEOUL] South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds (VCs) as part of its broader push to deepen exposure to artificial...
