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Asset managers pile into HKMA’s tokenisation sandbox
A number of asset managers in Hong Kong have joined a newly launched tokenisation sandbox designed to accelerate the adoption of tokenisation within the financial sector. Firms including BlackRock,...
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Generative AI: More hype than opportunity for private banks?
High-volume businesses with large client bases appear to immediately benefit from implementing generative AI to improve efficiency and reduce costs. However, it is less certain whether private banks,...
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Singapore’s SFO philanthropy scheme starts slow; Hong Kong AI governance...
Singapore’s Philanthropy Tax Incentive Scheme (PTIS), which seeks to incentivise single-family offices (SFOs) to commit capital to charitable causes, has seen sluggish demand since opening at the...
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US$192bn alts firm launches digital private markets platform
Alternatives asset manager Blue Owl Capital has launched a new digital private markets platform targeting financial advisors and their clients. The new platform, The Nest, looks to be a comprehensive...
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HSBC GPB partners with iCapital for alts tech in Hong Kong, Singapore
Global fintech firm iCapital announced on Monday that it is providing its technology to HSBC Global Private Banking (HSBC GPB) in Hong Kong and Singapore. iCapital’s end-to-end enterprise solution...
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BEWARE: Hong Kong private bankers – these wealth techs want to eat your lunch
Digital wealth platforms are expanding services in Hong Kong in an effort to grab an even greater share of the mass affluent and high net worth (HNW) market, believing private banks are failing to...
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StashAway targets HNWIs in UAE with private market offerings
Singapore-based digital wealth manager StashAway is targeting high net worth individuals (HNWIs) in the United Arab Emirates (UAE) with the expansion of its private markets offering to the region. The...
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Moonfare taps Blackstone for APAC head
US$3.4 billion digital private equity firm Moonfare has named a new head for Asia Pacific. Based in Singapore, Adam Banks has been appointed as Asia Pacific head and will steer the firm’s development...
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Is Chocolate Finance the sweet spot for affluent cash?
Singapore’s Chocolate Finance is looking to change the game for affluent spare cash with an offering which provides stable returns backed by underlying investments in short-term corporate bonds. With...
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Hg partners with alts tech S64 to tap Australian wealth market
Alternatives fintech firm S64 has expanded its partnership with private equity firm Hg to distribute the latter’s flagship fund to Australia’s wealth industry, Asian Private Banker can first reveal....
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Ex UBS CEO joins digital wealth player eyeing Singapore market
Arta Finance, a digital wealth platform backed by former Google and Mastercard executives, has appointed the ex group CEO of UBS as an external advisor as it seeks to join Singapore’s wealth boom....
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Citi pushes digital future for HNW clients in Hong Kong amid banker exits
Citi has seen a marked increase in HNW clients using its digital wealth platform in Hong Kong. Meanwhile, the Wall Street lender has taken steps in recent months to restructure this client segment...
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Private banks have “long way to go” to match Netflix experience: BlackRock...
As private banks work to boost assets under management (AUM) through enhanced client experiences, one question is: are they effectively using technology to create a ‘Netflix-like’ investment...
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Bank of Singapore broadens alts access for IAMs with iCapital tie-up
Bank of Singapore has launched an alternative investments digital platform dedicated to independent asset managers (IAMs) in collaboration with global fintech firm iCapital. The new platform, FIM...
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Ex-Pictet CEO develops “next frontier” wealth tool
After spending over 25 years in wealth management, Dominique Jooris chose a new path by founding tech solution WMCockpit. The intention was not to establish another independent firm, but to introduce...
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iCapital enters strategic partnership to expand Gulf coverage
Alts fintech iCapital has entered into a strategic partnership with outsourced investor relations firm MPW Capital Advisors (MPW) to amplify its growth in the Gulf Cooperation Council (GCC), iCapital...
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“It’s been a journey for us”: How DWS is charging up its crypto game
German asset manager DWS, with EUR 963 billion under management, has launched a cryptocurrency investment product and is planning to roll out a stablecoin next year. Once live, the team is looking to...
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“Tech theme of the decade” – UBS reveals how to tap booming AI opportunity
With artificial intelligence (AI) adoption rapidly becoming a cornerstone of business strategy, particularly in the US, UBS explains how to best tap this exploding opportunity. AI adoption continues...
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S64, DWS expand wealth solutions partnership to Australia
Alts fintech S64 and €963 billion AUM asset manager DWS have expanded their partnership with the launch of a sustainable infrastructure-focused wholesale Australian unit trust. In 2023, the two firms...
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“110 petabytes, 100,000 servers”: The Herculean digital effort to merge UBS...
Bringing together two banking giants on the scale of UBS and Credit Suisse is no small feat. With 3,000 applications, 110 petabytes of data, 100,000 servers, and 16 data centres being integrated,...
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