10/21/2018

Malaysia’s ultra-rich vs Singapore’s: Who’s wealthier?

For the record, Credit Suisse data shows the top 10 countries with mean wealth per adult above US$100,000 (RM415,800) as Switzerland (US$530,240), Australia, US, Belgium, Norway, New Zealand, Canada, Denmark, Singapore (US$283,260) and France.

10/17/2018

Next gen must future-proof businesses: Macquarie

Mercer said in order for firms to remain competitive with the next generation, they would be required to create a service package tailored specifically for younger clients, but only 35 per cent of firms surveyed had implemented this type of service.

10/16/2018

Malaysia’s widening income gap between rich and poor

The report, entitled “Different Realities”, pointed out that while previous economic crises in 1987 and the 1997/98 Asian Financial Crisis saw a reduction in the income gap between the T20 and B40/M40, post 2008/09 Global Financial Crisis

10/15/2018

UBP targets smaller IAM partners in Asia

IAMs often need back office services from private banks. They may partner with a private bank for specific services, such as custodial or execution of investments.