Samsung heirs hit with whopping $11bn inheritance tax bill
One of the largest IHT payments on record, globally
Asia
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Advisers target more affluent investors with PMS offers
They say portfolio management schemes are ideal for those seeking long-term wealth creation and better returns
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HSBC eyes wealth management M&A deals
It wants to bolster its ‘product or distribution’ capabilities
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Banking giant settles class action for A$30m
After it was accused of ‘unfairly overcharging’ clients for life insurance products
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Grant Thornton sells Australia private wealth operation
Firm says the decision for the M&A deal ‘was not taken lightly’
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Asset manager Ocean Dial grows Mumbai team
As it signs up to the United Nations’ Principles of Responsible Investment
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Singapore digital wealth firm to raise $25m
Series D funding round will be led by Sequoia Capital India
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AMP to shed private markets investment management arm
After M&A talks with a US equity firm fell through
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BOCHK AM and Blackrock to roll out ESG funds in Hong Kong
They will be made available to retail investors in the region
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China bounce-back tempered by curbs to tech heavyweights
Strong Q1 figures belie significant stock market corrections and less fiscally accommodative government policy
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UK firm becomes first foreign asset manager to register in Japan
It will provide investment advice to its clients
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Sun Life files draft prospectus for India joint venture IPO
It will part with over 36 million shares