Sumitomo Life private credit allocation is set to increase as the insurer considers investing about JPY300bn(USD2bn) in the asset class in the fiscal year starting April. The company already holds about JPY1.6tr in private credit, including CLOs, and sees the asset class as attractive due to higher spreads and long-duration matching with liabilities. It is also targeting about JPY700bn in ESG-related investments over three years. The Sumitomo Life private credit allocation hi

Hong Kong family office tax push is gaining momentum as the Iran war dents Dubai’s appeal as a safe haven, prompting renewed interest from wealthy investors. Lawyers and consultants said enquiries have surged, with near-daily discussions with families considering setting up in the city. The government proposed expanding concessions to cover assets including gold, cryptocurrencies, private credit and overseas real estate, with legislation expected by June. Despite the momentum

Family office philanthropy strategy is evolving as wealth passes to younger generations who are embedding structured giving more deeply into governance frameworks. Swiss private bank Pictet estimates about 17,000 family offices worldwide control more than USD10tr in assets, with nearly three‑quarters managing families’ philanthropy and impact ambitions. The shift is being reinforced by the great wealth transfer projected to reach USD70tr by 2045, with Cerulli Associates estim

Family offices are becoming increasingly professionalised and formalising governance as wealthy families prioritise long-term capital preservation, according to the 2025 Global Family Office Compensation Benchmark Report published by Mondaq in cooperation with KPMG Private Enterprise and recruiter Agreus. The study, based on a survey of 585 family-office professionals and 20 interviews with senior executives, found that more offices now operate as standalone entities rather t

Citigroup has appointed Yuko Nakayama as head of equity capital markets for its Japan investment banking franchise, strengthening its Japan equity capital markets franchise as competition intensifies for dealmaking talent. Effective immediately, Nakayama will lead the Japan ECM team and report to Taiji Nagasaka and Akira Kiyota, with matrix reporting to Harish Raman and Kenneth Chow. Nakayama previously worked at Citi from 2009 to 2015 before moving to Goldman Sachs and later

JPMorgan Chase & Co will discontinue Aumni’s services worldwide, with the Aumni shutdown affecting operations in the Philippines where the venture-capital analytics unit represents around 1% of the bank’s roughly 25,000 employees, according to local media and a bank statement. The shutdown also covers Aumni’s operations in the US, Britain and India, although JPMorgan emphasised that the Philippines remains a critical hub for its broader activities. People familiar with the ma

Hong Kong Financial Secretary Paul Chan met representatives from Hong Kong family offices across Europe, the Middle East and Asia in London this week, intensifying efforts to draw private wealth and fintech firms to the city. The discussions highlighted how Hong Kong family offices remain central to Hong Kong’s global outreach strategy. UK-based digital bank Revolut is among the companies preparing to establish operations in the city after meeting Chan, according to people fa

Investor and real estate developer Eldiyar Muratov said family offices will increasingly replace banks in the next market cycle, arguing that Hong Kong family offices and private syndicates can move faster than traditional institutions. He said compliance-heavy bank processes often require months of paperwork, while ultra-high-net-worth investors can act swiftly and directly. Muratov noted rising dealmaking in Dubai, Singapore and wider Asia, where two or three families pool

Malaysia’s fund management industry recorded MYR1.15tr (USD219.46bn) in assets under management at end-September, up from MYR1.07tr at end-2024, regulatory data showed. The increase was driven by a broad global equity rally. Equity funds climbed 11.3% to MYR566.84bn, while bond funds rose 5.7% to MYR261.62bn. Money market funds grew 2% to MYR147.1bn, and private equity funds increased 3% to MYR18.44bn. The performance came as major markets strengthened, with the Dow Jones Ind

Asia M&A 2025 activity fell 19% to USD284bn in the first nine months, marking the region’s weakest performance in a decade, according to Boston Consulting Group. In contrast, global M&A rose 10% to USD1.94tr, its second consecutive annual increase. North American dealmaking surged 25% to USD1.2tr, while Europe slipped 5% to USD375bn. Technology, media, and telecoms dominated global activity at USD536bn, followed by financials and real estate at USD357bn and industrials at USD

China QFII rules 2025 will see a major overhaul as the China Securities Regulatory Commission announced plans to simplify entry and operations for qualified foreign investors. The new framework introduces a “green channel” for sovereign wealth, pension, and charitable funds while expanding access to ETF options and commodity futures for hedging. CSRC Chairman Wu Qing said the reforms aim to enhance China’s market inclusiveness, adaptability, and competitiveness. The regulator

ASEAN-China FTA upgrade 2025 was signed in Malaysia, expanding the pact with new chapters on the digital and green economy and modern industries. ASEAN remains China’s largest trading partner, with bilateral trade hitting USD771bn in 2024. The enhanced “3.0” agreement follows negotiations that began in 2022 and concluded in May, building on the original 2010 framework. The upgraded free-trade agreement is expected to boost cooperation in agriculture, pharmaceuticals, and tech

China QFII rules 2025 will see a major overhaul as the China Securities Regulatory Commission announced plans to simplify entry and operations for qualified foreign investors. The new framework introduces a “green channel” for sovereign wealth, pension, and charitable funds while expanding access to ETF options and commodity futures for hedging. CSRC Chairman Wu Qing said the reforms aim to enhance China’s market inclusiveness, adaptability, and competitiveness. The regulator

ESG funds Q3 outflows 2025 totalled USD55bn, Morningstar reported, driven by UK-domiciled BlackRock fund redemptions linked to a pension client’s shift into custom mandates. Excluding those withdrawals, sustainable funds still recorded USD7.2bn in net outflows versus USD6.2bn of revised inflows in Q2. Europe (ex-BlackRock) lost USD3.1bn and the US posted a 12th straight quarter of withdrawals at USD5.1bn. Asia ex-Japan added USD1.6bn, mainly from South Korea, Thailand, and Ta

Hong Kong finance summit 2025 will feature China’s Vice Premier He Lifeng delivering a virtual keynote at the Global Financial Leaders’ Investment Summit next week, the HKMA said. Running Monday to Wednesday, the fourth summit will gather top global finance executives to discuss navigating today’s volatile economy. Chief Executive John Lee will also address delegates, while Financial Secretary Paul Chan will deliver closing remarks and lead a Dialogue with International Inves

China forex regulator policies have been announced to deepen reforms in cross-border investment, financing and foreign exchange...

YYC, a Malaysian accounting and advisory group backed by SeaTown Private Capital Fund, has made its Hong Kong debut via a strategic...

The Green Investments Partnership (GIP) has secured USD510m at first close to fund sustainable infrastructure in Southeast and South...

The Family Office Forum convened at the Rosewood Hong Kong, bringing together entrepreneurs, investors and next-generation leaders to...

Nicola Forrest’s family office Coaxial, managing USD12.8bn, has appointed Richard Harris as chief investment officer and Sameer Vij as...