Howden Private Wealth has appointed Mr Bryan Pee as CEO of Singapore and Malaysia and Ms Shirley Sy as deputy CEO of Hong Kong.
Half of the respondents to a survey by the life insurer 1Life acknowledge that life insurance is a tool for wealth generation, which is a crucial step toward financial security.
Singapore residents are adopting a positive mindset with more than 1 in 2 (54%) indicating that financial readiness in the long run is more important to them in 2025 compared to the previous year, according to findings from the seventh edition of of an "AIA Live Better Study" released yesterday.
More than 50 regulations will be relaxed within two years, as part of a government plan transform Taiwan into Asia's asset management centre, according to the chairman of the Financial Supervisory Commission (FSC), Mr Peng Jin-long.
The Commission for the Organisation and Supervision of Stock Market Operations (Cosob), which monitors the securities market in Algeria, has proposed to public authorities to explore the possibility of insurance companies serving as intermediaries in the stock market.
The agency forces of leading life insurance companies in China are undergoing reform, with the insurers turning to financial planners. The professional planners offer advice on insurance, health and wealth, retirement, wealth and health insurance, and full life-cycle.
Insurers are expanding into the family office space in Hong Kong and Singapore to target the needs of wealthy families in line with consumer demand, says global management consultancy McKinsey & Co.
Wealthy individuals in Hong Kong have shown a marked shift towards using digital channels to manage wealth and a willingness to embrace AI-guided wealth management, according to the findings of a survey of 500 rich individuals in the territory conducted by Capco, a global management and technology consultancy.
More concerted efforts may be needed to boost the financial preparedness of youth in Singapore, according to the latest ASEAN Consumer Sentiment Study (ACSS) 2024 by Singapore-headquartered UOB, a leading Asian bank.
Oliver Wyman has appointed Mr Paul Ricard as head of insurance and asset management. In his new role, he will be responsible for driving the growth of Oliver Wyman's insurance and asset management practice in the region, leading development of client accounts and ensuring the business is effectively serving the needs of the region.