05/07/2021
Credit Suisse Boosts Asia Headcount
The net hires were made since mid-March across both Credit Suisse’s investment banking and private banking arm.
Wealth and Asset Management
05/07/2021
OCBC doubles Q1 profit, rounds up strong outlook for Singapore banks
Net profit for OCBC came in at a record S$1.5 billion in the quarter ending in March
05/06/2021
Swiss bank Julius Baer leases office space in Swire’s Two Taikoo Place, Quarry Bay, in biggest ‘decentralisation deal’ since 2018
The bank, currently based in Central, has leased four floors in the 41-storey skyscraper, in what Colliers described as the largest ‘decentralisation deal’ in Hong Kong since late 2018
05/06/2021
Australia, New Zealand sustainable fund assets jump to record high
“The cause of this can be attributed to the fact that there is currently a higher percentage of lower-cost passive investments within the sustainable investments universe,”
05/05/2021
Labuan IBFC remained Resilient and Agile amidst a Challenging Business Landscape
Labuan IBFC and its ecosystem remained intact in spite of the sombre business climate and movement restrictions
05/05/2021
Asia’s Wealth Management Industry: Adapting to the Needs and Expectations of Nextgen Client
The wealth management community in Asia must not delay their efforts to grasp the opportunity to future-focus their activities and their propositions.
05/04/2021
Maybank’s Group Head of Wealth Management on the Bank’s Model and Market Positioning
Lee has presided over the evolution of the Maybank’s private banking model, which is now in its eighth year.
05/04/2021
Sarasin buys Bank of Montreal's HK, Singapore private banking arms
They provide a complete suite of private banking and wealth management services to private and institutional clients in Asia and globally.
05/04/2021
Macquarie picks up $20b as big banks exit wealth
“It’s an interesting time with all of the structural changes in the market,”
05/04/2021
How Inherited Wealth Can Be Fairly Distributed Within Asian Families
The latest figures released by RBC Wealth Management reveal how only 31% of people in Asia have a full wealth transfer plan in place.
05/03/2021
Westpac hires Morgan Stanley for super, platforms sale
The business reported $105 million cash profit in the first six months of FY21.
04/30/2021
StanChart Beats Forecasts with Improved Impairments
First quarter 2021 results
04/28/2021
Sale of the Australian Wealth business
The review considered a range of options and the potential impact on superannuation members and the Group’s people and shareholders.
04/28/2021
Rise of third-party asset managers in Apac
Local managers and distributors in Asia Pacific are increasingly open to product partnerships with foreign managers, according to Broadridge Financial.
04/28/2021
Working Group to Develop Singapore as Asset Management Hub
«Singapore is uniquely positioned to benefit from the current trend for funds to be domiciled alongside their managers in onshore jurisdictions with substance,»
04/27/2021
Aspiri Financial Services To Join Focus Partner Connectus Wealth Advisors
The firm leverages digital tools and tailored processes to deliver customized, holistic advice and a differentiated client experience.
04/27/2021
Futu’s wealth management assets reach $1.3bn
The firm’s wealth platform includes 100 fund products managed by 39 global asset managers.
04/27/2021
HSBC extends product range to rich clients
They will also be able to subscribe to private placements through HSBC’s online channels in the near future.
04/27/2021
Grant Thornton sells Australian private wealth unit
Advisory firm Grant Thornton has agreed a deal to hive off its Australian private wealth business to Oreana Group.
04/26/2021
Huarong to Miss Second Deadline
The statement added that auditors need more time to finalize unspecified transactions though operations are stable and business lines are running normally.