Atlas Capital family office services have expanded following the appointment of former DBS Bank (Hong Kong) institutional banking head and alternate chief executive Alex Cheung as strategic adviser. The move supports the firm's evolution from a single-family office into an investment-led wealth management platform serving ultra-high-net-worth individuals and family offices across Asia. Hong Kong-based Atlas Capital Asset Management said it has broadened its multi-family offic

State Street has renewed its long-standing mandate to provide asset servicing for South Korea's National Pension Service (NPS), reinforcing its role as a strategic partner to one of the world's largest institutional investors. The renewed State Street NPS agreement supports the pension fund's expanding international investment programme as overseas allocations continue to increase. The mandate covers a comprehensive range of back- and middle-office services, including custody

HP Wealth Management has strengthened its Singapore family office business by appointing veteran private bankers Michael Sutter and Alex Grindley as senior relationship managers. Both executives join the independent wealth manager and multi-family office from UBS Singapore, bringing extensive experience advising affluent individuals and family office clients across Asia. Sutter spent more than 25 years at UBS and said HP Wealth Management's fee-based, bank-agnostic model offe

Hong Kong billionaire Dickson Poon is exploring strategic options for luxury department store Harvey Nichols, including a possible sale or fresh investment, potentially ending more than three decades of ownership. The Harvey Nichols sale review comes as the UK luxury retailer continues to face a challenging trading environment. According to the Financial Times, Poon has appointed FTI Consulting to evaluate strategic alternatives and has begun preliminary discussions with seve

Global financial institutions are increasingly prioritising South Korea for regional expansion while adopting a more cautious approach towards China and India, according to a joint survey by the Asia Securities Industry & Financial Markets Association and KPMG. The South Korea financial sector has become one of the region's fastest-growing destinations for international financial firms. Approximately two-thirds of the 34 institutions surveyed plan to expand across Asia-Pacifi

JPMorgan has appointed Kelvin Goh and Alfons Halim as co-heads of its Southeast Asia investment banking business, reinforcing its regional leadership team as deal activity continues to recover across Asia. The JPMorgan Southeast Asia appointments took effect immediately and form part of the bank’s ongoing investment in regional advisory capabilities. Both executives will remain based in Singapore while retaining their existing responsibilities. Goh continues as head of the As

Nomura Holdings has increased Nomura CEO pay by 36% after Japan’s largest brokerage reported its strongest annual profit on record. Chief executive Kentaro Okuda received compensation of USD10m for the financial year ended March 31, reflecting the company’s improved earnings and market performance. The increase follows a second consecutive year of record net income under Okuda’s leadership, supported by stronger Japanese financial markets and a recovery in deal-making activit

Hong Kong graduates are significantly more optimistic about their career prospects than their global peers, with finance emerging as the city’s most attractive and stable sector, according to the CFA Institute’s 2026 Graduate Outlook Survey. The Hong Kong finance careers outlook highlights strong confidence among young professionals entering the workforce. The survey found that 71% of Hong Kong respondents rated their career prospects between eight and 10 out of 10, compared

Hong Kong-based MCM Partners has launched a dedicated family office business as competition intensifies among regional wealth centres to attract affluent families and entrepreneurs. The MCM family office platform will combine advisory, wealth-management and wealth-planning services under a single offering. MCM announced on LinkedIn that Christophe Page will lead the MCM family office initiative. Page brings around two decades of experience across private banking, alternative

Urs Wietlisbach, one of the billionaire founders of Swiss private-equity firm Partners Group, is establishing an independent investment unit within PG3 AG, the family office that has managed the wealth of the firm’s three founders since 2013. The family office succession planning move is seen as an early step in preparing for future wealth transition and governance changes. Bloomberg reported that the new unit will be led by Jascha Forster, currently chief investment officer

Hong Kong has been ranked among the world’s top 10 financial services talent markets and fourth in Asia-Pacific, according to Colliers’ Global Financial Services Markets 2026 report. The Hong Kong finance talent ranking placed the city behind Singapore, Beijing and Shanghai, but ahead of Tokyo, reflecting its continued importance as an international financial centre. Colliers classified Hong Kong as a Global Centre due to its strong international connectivity, concentration o

Mirae Asset Securities has introduced a new foreign-investor omnibus account service through a partnership with Singapore-based brokerage UOB Kay Hian. The Mirae Asset omnibus account initiative is intended to improve access to South Korean equities for investors across Singapore and Southeast Asia. Developed through Mirae Asset’s Singapore subsidiary, the service forms part of broader efforts to attract international capital into South Korea’s stock market. The Mirae Asset o

Schroders Wealth Management has appointed Sharon Sim as Head of Business Development for Asia as the firm continues expanding its regional wealth-management platform. The Schroders Asia business development role will be based in Singapore and will focus on identifying growth opportunities, strengthening client relationships and building strategic partnerships across the region. The appointment follows the recent naming of Evonne Tan as chief executive for Asia and reinforces

HSBC Private Bank has appointed Edward Chiu as Onshore Taiwan Market Head effective June 1, 2026, as the bank strengthens its onshore wealth management operations in Taiwan. The HSBC Taiwan private banking appointment comes as competition intensifies for affluent and ultra-high-net-worth clients across North Asia. Chiu has more than 20 years of experience in wealth management and affluent banking in Taiwan and has served as Head of Premier Elite at HSBC Taiwan since 2024. He

Howden has appointed Alaric Lee as chief executive officer for Hong Kong, succeeding Alfred Sham, who will relocate to Singapore as chief strategy officer for Asia, the global insurance intermediary group said. The Howden Hong Kong CEO appointment remains subject to regulatory approval. Lee currently serves as chief commercial officer for Asia and brings extensive industry experience including more than a decade working in Hong Kong’s insurance sector. Sham led Howden’s Hong

Singapore will reappoint Deputy Prime Minister Gan Kim Yong as chairman of the Monetary Authority of Singapore for another three-year term from June 1, reinforcing continuity at the city-state’s central bank and financial regulator. The MAS chairman reappointment announcement also confirmed that managing director Chia Der Jiun will continue as a board member for a further two years. Attorney-General Lucien Wong will also serve another three-year term, while Chaly Mah, chairma

LGT has appointed Anchalee Bunsongsikul as chief executive officer of LGT Securities (Thailand) Ltd, effective May 15, as the Liechtenstein-based private bank deepens its LGT Thailand wealth management presence in one of Southeast Asia’s fastest-growing affluent markets. Bunsongsikul brings more than three decades of experience in international banking and was most recently president and chief executive officer for Thailand and representative offices at Standard Chartered Ban

Bank of Korea Governor Shin Hyun-song has been elected to the Bank for International Settlements’ 18-member board, Seoul’s central bank said. The South Korea BIS board appointment gives Shin a three-year term and allows South Korea to maintain a seat on the BIS board since 2019. The board sets the policy direction of the Switzerland-based institution, which comprises 63 central banks, and supervises its management. South Korea joined the BIS in 1997. The BOK said Shin’s elect

The Hong Kong Monetary Authority has reassigned five executive director roles in a lateral reshuffle aimed at grooming its next generation of leaders, Bloomberg and local media reported. The HKMA leadership reshuffle will see Kenneth Hui, currently executive director for external affairs, move to banking conduct, while Archie Ng, executive director for corporate services, will take over monetary management. Alan Au, now executive director for banking conduct, will become exec

UBS has announced a series of senior appointments within its Southeast Asia wealth management division as the Swiss bank strengthens advisory capabilities in Singapore and the wider region. The UBS Southeast Asia reshuffle includes Vivian Li moving into a senior client adviser role within global family and institutional wealth for Singapore. Shane Huang will become advisory and sales head of premium advisory specialists for Southeast Asia from May 18, while Cheng Chi Li takes