Asia
St James’s Place targets £500m cost cuts as FUM hits record £181.9bn
The aim is to achieve annual FUM growth in the ‘mid-to-high single’ digits over time
Brown Advisory names Yoon Bean Kim as head of North Asia (ex-Japan)
Having established a Singapore presence in 2019, Brown Advisory recently passed $3.5bn of assets managed out of the region
Asia markets ‘a mixed picture’ as greater China equities ‘moved sideways’
Japanese equities are breaking records, given expectations of better earnings results
Three dealt ‘heaviest jail sentence’ in landmark HK market manipulation case
The SFC was assisted in the case by a raft of other jurisdictions, including the UK’s FCA
Prudential Singapore’s adviser headcount ‘to grow’ from 800 to 1,500 by end 2025
Singapore had 333,204 millionaires in 2023, and this number is expected to increase by 13% to 375,725 in 2028