Banking & Fintech.
StashAway Names Nandini Joshi CEO, Ferrario Becomes Chairman
Singapore-based digital wealth platform StashAway has appointed Nandini Joshi as its new Group Chief Executive Officer, succeeding co-founder Michele Ferrario, who transitions to chairman after nine years.
Hong Kong University Launches Wealth Academy Amid Talent Demand
The University of Hong Kong Business School has established a new wealth management academy. This initiative seeks to train professionals for Hong Kong's expanding private-wealth industry. The city recently surpassed Switzerland in cross-border wealth management.
India NCDRC: Insurers Can Surrender Loan-Assigned Policies
India's top consumer body ruled life insurers may surrender policies assigned to banks as loan security if loans default, without policyholder consent.
Prudential Buys Back US$300 Million in Shares as Profit Growth Slows
British insurer Prudential announced a US$300 million share buy-back. New business profit growth slowed to 8% in H1, raising concerns over Hong Kong's mainland visitor impact.
Philippine Life Insurers Net P21.42 Billion, Assets Exceed P2 Trillion
The Philippines' life insurance sector reported a P21.42 billion net income for the first half of 2026. This 3.4 percent rise comes as total industry assets surpassed P2 trillion, according to the Insurance Commission. Premium collections also saw significant growth.
AIA Group First-Half Profit Rises 11% on Hong Kong, China Sales
AIA Group reported an 11% increase in first-half operating profit, reaching US$4.16 billion. Strong sales in Hong Kong and mainland China, plus Southeast Asian expansion, drove the results.
UOB Digital Wealth Sales Grow Nearly 50% Amid Regional Expansion
UOB's digital wealth sales and transactions increased almost 50 per cent in the year to April. Regional expansion and client comfort with online investing drove this growth.
India's Irdai Pitches Public Register for Insurance Seller Accountability
India's insurance regulator, Irdai, proposes a public register to identify individual policy sellers, aiming for greater accountability in mis-selling. However, an analyst suggests this approach overlooks systemic incentive issues.
HSBC Names Tsang, Zhang Co-CEOs for Insurance After Moncreiffe Exit
HSBC has reorganised its global insurance division, appointing two Asia-based executives as co-CEOs. This follows the unexpected resignation of former global insurance chief Edward Moncreiffe.
Hanwha Life Overseas Profit Nears 2025 Full-Year Level in H1
Hanwha Life Insurance’s overseas operations generated 103 billion won net profit in H1 2026, almost matching its entire 2025 foreign earnings. This demonstrates the South Korean insurer’s diversification strategy is yielding results, with strong contributions from Vietnam, the US, and Indonesia.
Singapore MAS Eases Family Office Tax Rules, Heightens AML Checks
Singapore's central bank eased tax incentives for family offices from August 1, simplifying hiring and investment criteria. It simultaneously tightened scrutiny on wealth sources.
Franklin Templeton Reshuffles Leadership, Boosts Asia Focus
Franklin Templeton appointed Rene Buehlmann as Asia Pacific Head and Elizabeth Hogbin as Global Product Head. The asset manager also repositioned its global client group, prioritising Asian markets and exchange-traded funds (ETFs).
UOB Sells Asset Management Arm to Allianz Global Investors for S$555 Million
UOB will divest its asset management division to Allianz Global Investors for S$555 million. The agreement also establishes a long-term distribution partnership, sharpening UOB's wealth advisory focus across Asia.