PAGE 6: What ‘Multi-Jurisdictional’ Means to City of Angels

0

Charles Long got into town a few months ago as the Century City-based regional president of BNY Mellon Wealth Management, and he brought some valuable experience from the firm’s Hong Kong office, where an increasing number of clients are seeking multi-jurisdictional expertise. That often means managing a family’s wealth in China or other Asian markets as well as in the United States, Long says … The Los Angeles Times offers plenty to ponder on this market’s ties to Asia. I broke the news here last week of business reporter David Pierson’s pending transfer to the publication’s soon-to-launch Singapore bureau. The Times has since announced more moves in Asia, with Shashank Bengali shifting from Mumbai to Singapore, Metro reporter Victoria Kim reopening a bureau in Seoul, and Associated Press vet Alice Su joining the Beijing bureau … Times Editor Norman Pearlstine says the Singapore bureau will be in position to serve as a gateway to the Indian subcontinent and Australia while keeping a steady eye on Southeast Asia, a core coverage area that includes the Philippines, Vietnam and Cambodia – each a significant contributor to immigrant communities squarely in the Times’ home coverage territory, as our graphic feature on Long Beach’s economy illustrates on page 5 of this issue … Back to Singapore, where advantages for the new Times bureau include a central location amid the region, strong infrastructure and a relatively reasonable view on freedom of the press … Pearlstine’s perspective on Asia and press freedoms is broad and deep. He was the Hong Kong-based managing editor of the Asian Wall Street Journal in the late 1970s, and aggressive coverage of political dissension in Singapore would occasionally earn him stern lectures from Lee Kuan Yu, the famously controlling autocrat and father of the city state. The coverage remained aggressive despite intermittent moves by the Singaporean government to curtail circulation, recalls Pearlstine, who notes Singapore is a very different place these days … Bangkok will be a bit different pretty soon, with downtown-based Anschutz Entertainment Group Inc. planning something similar to L.A. LIVE there, working with a partner in Thailand’s capital city. The deal was foreshadowed in this space back in mid-September and formally announced a couple of weeks later … The Times’ move to reopen its bureau in South Korea’s capital city makes good sense, given the Korean-American population in Los Angeles. It also makes it a good time to note that former Times columnist Jim Flanigan’s book, titled the “The Korean-American Dream,” is due from the University of Nevada Press next week. It’s expected to be available on Amazon.com and at Barnes & Noble, among other places … Flanigan will no doubt note there’s a new wholesale website available in Los Angeles’ garment trade thanks to about 20 members of the Korean-American Apparel Manufacturers Association, as our Shwanika Narayan reports on page 1 … Sullivan Says: Also notable that the Gardena-based crew that kept KoreAm magazine alive through print and digital existences for 25 years is now focused on Asian Americans in the entertainment industry with KORE, a good-looking glossy that debuted last month.

No posts to display