Bank of Singapore Appoints Family Office, Structuring Head- #Wealth #AssetManagement #AssetFinance
Bank of Singapore has appointed Elvin Ho as head of family office and structuring solutions, effective May 4. Ho arrives from JPMorgan Private Bank, where he advised ultra‑high‑net‑worth clients on multi‑jurisdictional tax and estate matters, after a 19‑year tenure at UBS. The bank also promoted Jiawen Guo to head of family office and wealth advisory Singapore and hired Harry Ng as senior wealth adviser for Singapore and Malaysia. All three will report to Paul Chua as the bank expands its family‑office platform across Singapore, Hong Kong and Dubai.
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RBC BlueBay Names Hong Kong Product Strategist- #Wealth #AssetManagement #AssetFinance
RBC BlueBay Asset Management has appointed Mark Baker as a product strategist based in Hong Kong. He will support business development and client service across Asia ex‑Japan, acting as the technical subject‑matter expert for the firm’s full investment product suite. Baker...
AI Productivity Won?t Solve Advanced Economy Debt Woes-
Kenneth Rogoff argues that AI‑driven productivity gains are unlikely to cure advanced economies' ballooning budget deficits. While AI may boost output, it also shifts income toward capital, eroding the labor tax base and prompting governments to spend more rather than...
Asia Tightens Grip on Global Wealth as UHNWI Ranks Swell- #Wealth #AssetManagement #AssetFinance
Knight Frank's Wealth Report shows ultra‑high‑net‑worth individuals (UHNWIs) increased by 162,000 between 2021 and 2026, pushing the global total above 713,000. Asia‑Pacific now accounts for nearly 31% of the UHNW population, with China remaining the second‑largest wealth hub. India’s ultra‑wealthy...
AI?s Threat to Global Economic Security Is Here-
Anthropic unveiled Claude Mythos Preview, an AI model that can locate and exploit vulnerabilities in operating systems and web browsers, alarming business leaders and policymakers worldwide. The Trump administration, despite recent tensions with Anthropic, is now seeking cooperation to protect...
Cambodia Central Bank Denounces ?False? Bank Rumours- #CapitalMarkets #Finance
Cambodia’s central bank and finance associations issued joint statements on April 20 denouncing social‑media rumours that questioned the viability of local banks. The warnings followed liquidity problems at two minor lenders in January, which sparked speculation about broader systemic risk....
Sembcorp-Becamex JV Aims for 30 VSIPs by Year-End- #BeltAndRoad #Economy #Infrastructure
The Singapore‑Vietnam joint venture Sembcorp‑Becamex plans to operate 30 Vietnam Singapore Industrial Park (VSIP) sites by the end of 2026, up from 21 currently. The 22nd park will be built in Hue City, while a new licence secured for Khanh Hoa...
Global Non-Aligned Banking Transparency Results in Opacity- #CapitalMarkets #Finance
The Asset’s latest column compares executive compensation disclosures from 2025 reports of U.S. banks, European banks and global systemically important banks (G‑SIBs). It finds that U.S. institutions generally provide more granular tables, while many European banks still rely on summary...
?Hormuz Shock? Opportunity to Accelerate Energy Transition- #Wealth #AssetManagement #AssetFinance
The unexpected closure of the Strait of Hormuz in April 2026 halted roughly 25% of global oil, 20% of LNG, and a third of fertilizer shipments, prompting the IMF to label the event a “global, yet asymmetric” rupture. Countries that...
Why Investors Are Pivoting From AI Hype to HALO Trades?- #CapitalMarkets #Finance #Treasury #Finance
Investors are moving away from pure AI‑centric bets toward HALO trades—investments in heavy, low‑obsolescence assets that promise steadier cash flows. The shift reflects growing anxiety over AI volatility and a desire for risk‑adjusted returns in a blended digital‑traditional market. A...
IMF Sets Adverse and Severe Scenarios in Grim War Outlook - #CapitalMarkets #Finance #Treasury #Finance
The International Monetary Fund has departed from its usual single‑forecast approach in the World Economic Outlook, presenting three distinct scenarios—baseline, adverse and severe—amid the escalating US‑Israeli conflict with Iran. The IMF warns that prolonged hostilities could shave up to 1.5%...
VPBank to Become Vietnam?s Largest Bank by Capital After Massive Share Sale- #CapitalMarkets #Finance #Treasury #Finance
VPBank announced a two‑stage share issuance that will lift its charter capital to over VND 106,243 billion (approximately US$4.18 billion), positioning it as Vietnam’s largest bank by capital. The capital raise targets a 35% increase in pre‑tax profit by 2026. The offering will...
AI Must Not Think for Us, to Work for Us-
Artificial intelligence has evolved from a novelty chatbot to a powerful productivity tool that can locate data, run statistical analyses, and generate polished reports in minutes. The author illustrates how AI accelerates research, lowers costs for entrepreneurs, and empowers lower‑skill...
Allspring Adds GIA Partners Fixed Income Investment Team- #Wealth #AssetManagement #AssetFinance
Allspring Global Investments, managing about $628 billion in assets under advisement, announced it will acquire the fixed‑income investment team of GIA Partners. Led by Eduardo Cortes, the team brings more than four decades of expertise in emerging‑market and high‑yield credit. The transaction,...
Zodia Custody, PwC UK Team up on Digital Asset Custody- #Wealth #AssetManagement #AssetFinance
Zodia Custody, the institution‑first digital‑asset platform backed by major banks, has teamed up with PwC UK to act as the digital‑asset custodian for the firm’s insolvency cases. The partnership responds to growing demand for specialist expertise in protecting crypto and...