Managers of Wealth Asia Pacific

Chasing $64 trillion opportunity, family offices make inroads in China

They offer the usual suite of services, advice on taxes, alternative investments and charitable giving with a high level of discretion and personalization.

Post-QE Investing: What Say the Private Banks?

Despite the optimism, the bank does not rule out a worst-case scenario triggered by a third black swan – a credit crunch

Citi seeks 10% growth in its Asia retail wealth unit

The retail banking business in the region remains one of the bank’s revenue drivers, generating USD4.4bn in revenue in 2019, up 4%, and USD1.04bn in profit, up 11%.

Lombard Odier’s Asia Pacific CIO on Discipline, Institutional Rigour and A Clear Vision Ahead

Nakamura believes the key for the private banks must be engagement with and retention of their clients.

Citi Targets Doubling of Singapore WM Market Share

The 30,000 square foot wealth management center will occupy four storeys including two floors for 400 relationship managers and specialists as well as two floors for client meetings and events.

How Bill Gates, Jack Ma And 11 Other Billionaires Are Reacting To The Coronavirus Pandemic

On Saturday, Airbnb CEO Brian Chesky announced on Twitter that the company will allow guests around the world to cancel and get their money refunded.

Singapore Multi-Family Office Envysion to Quintuple Assets

Envysion plans to charge fees ranging between 0.5 and 1.5 percent of assets under management with waivers for early clients.

Singapore's Kamet Capital hires BNP Paribas for global custody services

The VCC structure gives fund managers greater flexibility in share issuance or redemption and dividend payments than in the regular structure.

BNP Paribas Wins VCC Mandate

Kamet's Long Term Capital fund invests 60–70 percent of its portfolio in public securities, and the balance in alternatives and private investments.

Less than half of Asia's rich have succession plans

Just over 40% of HNWI relationship managers surveyed said their clients have enacted a succession plan or are actively planning for succession.

ANZ to slash jobs across wealth business

ANZ has previously indicated that it is seeking to slash costs by as much as $1 billion over the next three years as the bank faces increasing regulatory scrutiny and record low interest rates.

Stuck-at-Home Millionaires Boost Trading at Private Banks

The trading surge has helped dull the pain of a health crisis that has otherwise frozen parts of their Asian banking businesses, from mergers to initial public offerings, and grounded investment bankers across globe.

Wealth of Singapore’s big three banks grew 18% in 2019

The SGX report pointed out that Singapore has established itself as a top private banking and wealth management hub regionally and globally.

Stuck-at-Home Millionaires Boost Trading at Private Banks

Asian wealth managers see surge in client trading while virus hits new business

Recent extremes in market volatility has encouraged clients to move beyond equity investing and into derivatives and structured products to hedge downside risk, they said.

M’sian tycoons’ wealth falls for second year in a row — Forbes

It said the hardest hit was Public Bank Bhd founder Tan Sri Teh Hong Piow, who slipped two spots from number three last year.

Hotpot Queen Opens Family Office in Singapore to Manage Wealth

What started as a humble family business in 1994 is now a food-service giant with almost 600 outlets spanning Beijing to New York.

Despite coronavirus fears, private banks back stocks after rout

Dividends from quality stocks hard to beat, say many

DBS launches portfolio review tool for wealthy clients

The tool is capable of generating a report within five minutes, allowing relationship managers to give more personalised and relevant investment suggestions, said the bank.

HSBC Sets Sights On China's Rich

The combined wealth business has $1.4 trillion in assets under management, with nearly half of those assets in Asia.

Wealth and Asset Management