With domestic interest rates at just 1.25% and the SET Index delivering negative returns, Thailand’s wealth managers face a stark choice: offer robust offshore solutions or watch their clients walk. In recent years, amid this struggling domestic market, a wave of strategic alliances has emerged between local banks and global heavyweights such as J.P. Morgan Asset Management and Goldman Sachs […]

The post Offshore solutions or lose clients? Thai private banks tap global managers as slump deepens appeared first on Asian Private Banker.

A former Goldman Sachs Asset Management veteran has joined global investment firm Sixth Street as it accelerates international expansion and prepares to open a new office in Singapore. Stuart Wrigley has joined the San Francisco-based firm as a partner, head of Asia Pacific, and head of capital strategy international, the firm announced on Wednesday. In this role, Wrigley will oversee […]

The post US$115bn manager hires ex-GSAM veteran, eyes Singapore expansion appeared first on Asian Private Banker.

Thailand’s Kiatnakin Phatra Financial Group (KKP) has formed a strategic partnership with Goldman Sachs Asset Management (Goldman Sachs AM) to enhance global investment opportunities for its onshore wealth clients. As part of the partnership, Goldman Sachs AM will provide KKP with investment advisory services through model portfolios encompassing multi-asset strategies, including equities, fixed income, and alternative investments, according to a […]

The post Kiatnakin Phatra partners Goldman Sachs AM in global play appeared first on Asian Private Banker.

Fixed income is gaining the spotlight, with Salman Niaz of Goldman Sachs Asset Management (Goldman Sachs AM) calling it the best defence in today’s uncertain markets. He says clients are increasingly looking beyond the US for diversification, with Asian high yield and global investment grade bonds attracting growing interest. “Investors came into the year with a very strong growth backdrop […]

The post Goldman Sachs AM: US bonds still on the menu, but clients tasting global flavours appeared first on Asian Private Banker.

Goldman Sachs is seeing rising demand for infrastructure in the private wealth channel in Asia, and is betting on digital infrastructure being one of the leading opportunities. Infrastructure has historically been adopted by large institutions and asset owners with longer investment horizons, meaning allocations by wealth investors are significantly lagging. The Wall Street bank is now looking to close this. […]

The post Goldman Sachs: “Unprecedented adoption” of infra boosted by wealth channel appeared first on Asian Private Banker.

The Asia head of Private Wealth Management (PWM) and partner at Goldman Sachs has taken an additional role following a senior executive departure, according to an internal memo seen by Asian Private Banker. Ron Lee has been named as co-head of the client solutions group in Asia Pacific for Goldman Sachs Asset Management (GSAM), alongside Mike Siegel, the memo said. […]

The post Goldman Sachs PWM Asia head picks up expanded role at GSAM appeared first on Asian Private Banker.

Goldman Sachs Asset Management has hired the former Southeast Asia head of Fidelity International, Asian Private Banker can reveal. Sabrina Gan joined the asset manager at the start of January as managing director, head of third-party wealth (TPW) for Asia Pacific ex-Japan, according to an internal memo seen by Asian Private Banker.  In the new role, Gan will partner closely […]

The post Goldman Sachs AM hires third-party wealth head for APAC ex-Japan appeared first on Asian Private Banker.

Asian Private Banker is proud to unveil the winners of the Asset Management Awards for Excellence 2025, which for the 12th year running has honoured the best third-party providers of asset management products and services to private banks in the Asia Pacific region. From uncertainty around lingering inflation, to the ‘will-they-won’t-they?’ guessing game around Federal Reserve interest rate cuts, to […]

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With the upcoming US presidential election, geopolitical flashpoints around the globe and a significant rate cut, private banks and asset managers have been emphasising the need to broaden exposure when moving into the final quarter of 2024. “Yet, all this uncertainty should bring opportunities for investors. Staying nimble will be key as economies move towards a lower growth, lower inflation […]

The post Outlook 4Q24: Private banks, asset managers eye Asian opportunities as global economy slows appeared first on Asian Private Banker.

Asian Private Banker‘s Asset Management Awards for Excellence 2025 have officially opened for nominations, with the programme once again set to honour the leading third-party providers of fund management products to the private banking and wealth management industries. Now in its 12th iteration, the 2025 programme features more than 40 categories across equity, fixed income, alternatives, and other asset classes. […]

The post Apply now: Asset Management Awards for Excellence 2025 officially open appeared first on Asian Private Banker.

Asian Private Banker will soon begin accepting submissions for its 12th edition of the hugely popular Asset Management Awards for Excellence. The programme, which seeks to identify and honour the leading providers of third-party asset management solutions to the private banking channel in Asia, arrives at an opportune moment for the industry. With expectations rising that the US Federal Reserve […]

The post APB’s Asset Management Awards are coming. Are you ready? appeared first on Asian Private Banker.

Private banks have struggled to convince U/HNWI clients to stop sitting on high-yield deposit rates, but one of the world’s most influential investment managers believes that could soon change. Goldman Sachs Asset Management (GSAM) believes the bond market presents an attractive opportunity set and sees more inflows going into high-quality fixed income. During a recent visit to Asia, GSAM’s global […]

The post Cash is trash? Goldman Sachs AM says fixed income looks “exciting” appeared first on Asian Private Banker.

India’s stock market has surged over the last 12 months amid a wave of optimism over one of Asia’s biggest economies, but Goldman Sachs Asset Management (Goldman Sachs AM) thinks the best could be yet to come. The country’s benchmark SENSEX is up more than 20% over the last 12 months, with private banks ranging including UBS Global Wealth Management […]

The post US$4 trillion opportunity: Goldman Sachs sees no end to India boom appeared first on Asian Private Banker.

In the post-COVID-19 world, we have all become a little bit millennial. This is one reason why Goldman Sachs Asset Management (GSAM) is bullish on stocks that capture millennial spending habits, describing this as one of the mega trends for 2023. Alexis Deladerriere, head of international developed markets, equity, at GSAM, in his recent visit to Hong Kong explains why: […]

The post Why Goldman Sachs AM favours millennial consumers post-COVID appeared first on Asian Private Banker.

This is a sponsored article from Goldman Sachs Asset Management. Goldman Sachs Asset Management has a unique take on the Asian high yield landscape in recent years — and a potentially profitable one at that. Amid increasing uncertainty, Goldman Sachs Asset Management remains focused on Asian high-yield bond strategies which, its Asian credit team says, “offer a relatively attractive potential […]

The post A Tale of Two Cities: Why Goldman Sachs Asset Management sees great potential in Asian high yield appeared first on Asian Private Banker.

This week: Why we like China and Southeast Asia: GSAM; Bank of Singapore forecasts more  earnings downgrade to come Why we like China and Southeast Asia: GSAM Though China is yet to resolve many of its most pressing social and economic challenges, Goldman Sachs Asset Management (GSAM) believes investors can expect economic momentum from the National Congress of the Chinese […]

The post CIO Weekly – Seek opportunities in China and Southeast Asia: Hiren Dasani of GSAM appeared first on Asian Private Banker.

Capital Group has added a director for financial intermediaries for Singapore and Southeast Asia as the US asset manager expands its intermediary and distribution strategy for private bank clients in the region. Based in Singapore, Vanessa Huang reports to Suyin Tan, managing director, financial intermediaries for Singapore and Southeast Asia, who herself recently joined from Goldman Sachs Asset Management. Huang […]

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On 6 July, Asian Private Banker hosted a gala luncheon in Hong Kong to commend the winners of its most recent Asset Management Awards for Excellence. The in-person event at the city’s Mandarin Oriental hotel, attended by more than 70 guests from the region’s leading fund managers, celebrated the achievements of the industry across a variety of asset classes and […]

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Private banks are confident that a surge in US inflation will peak in the coming months, even after prices in the world’s largest economy rose 7% YoY in December, the highest monthly increase since June 1982. This fuelled worries by the US Fed about the impact of higher inflation on the economic recovery. During his renomination hearing on Tuesday, Fed […]

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This week: Goldman Sachs Asset Management: Bottom-up stock picking works better over time for emerging markets; Amundi: Stay neutral on risk assets and hold on to hedges; UBS Global Wealth Management advises against bottom-fishing in China equity; Bank of Singapore: US fiscal development to be key market drivers Goldman Sachs Asset Management: Bottom-up stock picking works better over time for […]

The post CIO Weekly – Bottom-up stock picking works better over time for EM: Hiren Dasani of Goldman Sachs AM appeared first on Asian Private Banker.

PGIM Investments has created the role of head of Asia as part of its global expansion, according to a Tuesday press release. Jessica Jones has joined PGIM Investments as managing director and head of Asia. She will lead the expansion of the firm’s global intermediary business into Asia, building out teams in Hong Kong and Singapore in support of the […]

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Goldman Sachs has announced it is to establish a wealth management joint venture with Industrial and Commercial Bank of China (ICBC) to distribute asset management products to retail and institutional investors in China. Having obtained preliminary approval from the China Banking and Insurance Regulatory Commission (CBIRC), the joint venture will be set up by Goldman Sachs Asset Management and ICBC […]

The post China approves WM JV of Goldman Sachs and ICBC appeared first on Asian Private Banker.

Goldman Sachs Asset Management on Wednesday said it will distribute its investment funds to retail investors in Hong Kong via a partnership with The Bank of East Asia, as asset managers seek further avenues to expand their customer base in a margin-squeezing environment. “The Goldman Sachs Global Multi-Asset Income Portfolio will be available through this network to Bank of East […]

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