Business
In Depth: China bad-debt managers’ bet on bank stocks could backfire
A NEW player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to…
Tag
managers
Business
Unilever CEO plans shakeup of top 200 managers in overhaul
Unilever chief executive officer Fernando Fernandez expects to replace a quarter of the group’s top 200 managers following a performance…
Business
MAS scrutinises some VCC managers after review finds potential regulatory lapses
The Monetary Authority of Singapore (MAS) is looking more closely into certain variable capital companies (VCC) managers, after its review…
Business
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assets Paribas said…
Business
Chinese managers take reins at TikTok Shop in US as sales miss goal
ByteDance, TikTok’s parent company, has been replacing US-hired staff near Seattle with managers connected to China, aiming to replicate…
Business
Protect investors, but give private market fund managers flexibility, industry players tell MAS
The transparency of private market funds, the amount they charge in fees, and the methods of valuation were among key points raised in the…
Business
MAS to shortlist fund managers for S$5 billion Equity Market Development Programme by Q3
The Monetary Authority of Singapore (MAS) will shortlist fund managers for its S$5 billion Equity Market Development Programme by the…
Business
Musk-Tied Investor Clashes With One of World’s Biggest Asset Managers
A prominent Silicon Valley investor is in a bitter dispute with his former employer, one of the world’s largest asset managers, accusing…
Politics
Asset managers churn out defence funds once deemed uninvestable
As governments across Europe ratchet up defence spending, money managers who previously judged the sector too controversial to touch are…
Business
Singapore unveils S$5 billion boost for fund managers, other moves to revive equities market
SINGAPORE’S capital markets look set to receive a liquidity boost,following the announcement on Friday (Feb 21) of a S$5 billion…
Business
HP to acquire parts of Humane, Ai Pin startup from ex-Apple managers, for US$116 million
HP WILL acquire assets from Humane, the maker of a wearable Ai Pin introduced in late 2023, for US$116 million. The deal will include the…
Business
Ford cuts bonuses for half of middle managers
FORD Motor is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker…
Business
Pimco opens office in Dubai as asset managers flock to region
PACIFIC Investment Management Co (Pimco) opened a Dubai office, becoming the latest major fund manager to deepen its presence in the…
Business
DBS announces capital return dividend; to pay S$1,000 bonus to all staff except senior managers
DBS has set aside S$32 million to be issued as special one-time bonus of S$1,000 to all staff except senior managers, it said on Monday…
Business
Stellantis managers to step down as part of shakeup
STELLANTIS is planning another shakeup of its management ranks as the automaker deepens its overhaul following the ouster of chief…
Business
Morgan Stanley to hire more Asia wealth relationship managers
MORGAN Stanley’s Asia wealth chief is looking to boost the number of staff dealing with its richest customers as the US lender pushes…
News
VW managers to take combined 300 million euro pay cut: report
VOLKSWAGEN’S management will take pay cuts adding up to over 300 million euros (S$423.4 million) by 2030, according to comments by VW…
Business
Geopolitical conflicts cloud Singapore fund managers’ outlook for 2025: Imas survey
SINGAPORE fund managers are anticipating an escalation in geopolitical conflicts, which will leave a material impact on the global economy…
Business
Chinese exchanges ask big fund managers to restrict stock selling: sources
CHINA’S main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with…