11/01/2019
Macquarie posts 11% increase in net profit
On the markets-facing side, 32% came from commodities and global markets and 8% form Macquarie capital.
Wealth and Asset Management
11/01/2019
Wealth management subsidiary of China Merchants Bank to start business
As part of the bank's efforts in prompting the wealth management sector, set-up of the subsidiary will help it to enhance capability of serving real economy and forestalling risks on wealth management business, said the statement.
10/31/2019
UBS launches onshore multi asset fund in China
UBS is in possession of both a Private Fund Management and a Qualified Domestic Limited Partner license in China, and has release equity, bond, fund-of-funds and multi asset products in the market to-date
10/31/2019
Asia’s wealthy take back control
Rich families in the region are setting up family offices to manage their own wealth
10/31/2019
Puhui Wealth Investment Management Co. Ltd. Announces Financial Results for the Fiscal Year Ended June 30, 2019
We remain focused on utilizing our existing partnerships, such as with Yingke, to provide access to a broader base of investors where we can prove that our long-term investment philosophy can gain traction over time.
10/31/2019
Financial Network Championing Diversity Launches in Asia
We want to inspire and empower women, as well as demonstrate the benefits of gender equality
10/30/2019
Allfunds becomes DBS fund platform provider
Wealthtech provider will provide access to third-party mutual funds
10/29/2019
Julius Baer ups Hong Kong headcount despite ongoing civil disorder
He also added that the majority of its recent appointees were drawn from competitor banks within the Asia-Pacific region
10/29/2019
Noah Holdings Limited to Hold 2019 Annual General Meeting on November 27, 2019
Holders of record of our ordinary shares at the close of business on the Record Date are entitled to attend the AGM and any adjournment or postponement thereof in person.
10/29/2019
Building Portfolios: Diversification, Wealth Protection, Risk Management and Gold
Gold is an emotional commodity,” he commented, “but remember that gold over a 50-year period has performed well in comparison to mainstream financial assets and almost all major fiat currencies.
10/29/2019
New Roy Morgan Report Fills the Information Gap on Australians’ Net Wealth
By calculating total personal assets and subtracting total personal debt
10/28/2019
Wealth management more popular among Chinese: report
Investment and wealth management products studied in the report included investment products developed by banks, treasury bonds, funds, stocks and various tools provided by online platforms.
10/25/2019
Julius Baer Hires Amidst Unrest in Hong Kong
Shick hired forty bankers in the last six months for a Hong Kong-based team catering to wealthy Chinese, Taiwanese, and Hong Kong clients, he said.
10/25/2019
Raffles Family Office Forms China Onshore Joint Venture
Raffles Family Office has a professional and international team and iFAST Corporation has a tremendous client base and influence in Asia
10/24/2019
State Media Cautions Against Bragging About Chinese Wealth
China's GDP per capita is still below $10,000.
10/24/2019
AMP sees record outflows from wealth management products
The outflows were driven by A$600m in pension payments to clients and a further A$200m in in payments as a result of the introduction of the ‘Protecting Your Super Legislation’
10/22/2019
Zurich WM to open first office outside of Switzerland
It will primarily serve as an outlet for connecting with clients in the region.
10/22/2019
Hong Kong has second-highest average wealth per adult globally
Global wealth grew during the past year by 2.6% to US$360 trillion, according to latest edition of Global Wealth Report
10/18/2019
Indonesia’s private wealth forecast to rise
Indonesia’s affluent population is forecast to grow annually around 8%, and foreign firms have been moving in.
10/17/2019
A Call to Arms: Wealth Managers in Asia Must Adapt Now to a Brave New World
However, unless the industry heeds the inevitability of commission compression – private banks in Asia still extract a very large portion of their revenues from product sales and execution – there is a significant risk of a profits implosion.