Managers of Wealth Asia Pacific

Thai Group Acquires Swiss Luxury Retail Chain

Following the insolvency of the Signa Group, Thailand’s Central Group has acquired René Benko’s shares in Magazine zum Globus, becoming the sole owner.

Beware the bandwagons in the wake of the BoJ

The Bank of Japan’s relatively dovish September meeting statement sent the USDJPY higher, which should in turn also prove supportive for Japan’s equity market.

Citibank to shut last ‘transactional’ branch in S’pore next month as it eyes wealthy customers

Citi Singapore says it has invested in its digital banking infrastructure and “nearly all daily transactions can now be done on the Citi Mobile App”.

Centi-Millionaire Boom: America and China Dominate the Super Rich Club

This exclusive club has grown globally by 54% over the last decade, with America and China experiencing a centi-millionaire boom, significantly outperforming their European counterparts.

Global Family Office 2024 Survey Insights

The survey was subsequently released to Citi Private Bank’s global family office clients for input.

The first cut is the steepest: the Fed, market expectations and the dollar

The Federal Reserve has made its first interest rate cut since the pandemic, reducing rates by 50 basis points (bps).

Hindenburg Claims Adani Funds Frozen in Swiss Banks

Adani Group has once again fallen in the crosshairs of Hindenburg.

EIU: Singapore Will Mop Up Hong Kong’s Losses

Singapore will mop up much of the financial business that is leaving Hong Kong

Opportunities for S’pore as family offices look to hire outside talent amid wealth transfer to heirs

In-depth interviews were also conducted with 15 senior family office executives in the region.

SFC announces arrangements to facilitate distribution of research reports of eligible ETFs under Stock Connect

In view of the orderly expansion of Stock Connect and the increasing diversity of eligible securities under the scheme

Why the wealthy in Asia should get on the front foot in legacy planning

Without clear planning, assets can fall into probate for years, leaving family members and courts to decide how to allocate assets

Global Finance Names The Stars of China 2024

The Stars of China Special Report will include Global Finance’s exclusive ranking of the Safest Banks in China.

HSBC: Two-Thirds of Affluent Asians Have No Succession Plan

Globally, 79 percent of affluent individuals believe that early planning is crucial for passing on their legacy, according to the «HSBC Quality of Life» survey.

Hong Kong: The premier destination for Cambodian family offices

It offers a range of services including investment management, estate planning, tax services and philanthropic management, tailored specifically to the needs of the family it serves.

Summer wellness programme at UBP Hong Kong

By seamlessly blending educational, physical, and community-focused elements, the action showcases UBP’s commitment to promoting health, well-being, and a positive impact

Transforming a private bank for customer centricity and innovation

EY teams helped a leading private bank shape and execute a business transformation for profitable growth and enhanced customer experience.

Explosive Growth of Crypto Millionaires in 2024

Volek concludes that as the lines between traditional and digital finance continue to blur, the synergy between investment migration and cryptocurrencies grows stronger.

Appleby announces upcoming launch of Appleby Global Services (Shanghai)

Following its launch, the Appleby Group will be the only integrated offshore law firm and fiduciary business in Mainland China and so offer a unique service to its clients.

The International Banker 2024 Asia & Australasia Awards Winners

The plan is intended to “coordinate and clear non-performing assets under small and medium-sized banks, clean up problem shareholders, and replenish capital from multiple sources,” according to the Henan government.

HKUST Establishes Institute for Financial Research

The institute will act as an interdisciplinary and international platform to address the key challenges and opportunities facing Hong Kong as an international financial hub.

Comment, Analysis & Research