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Wealth and Asset Management

08/21/2020

Virus grounding of Asia's private bankers erodes wealth management trade

And while regulators are easing rules that typically require in-person meetings and on-site visits, banks are still catching up with digitization and some bankers are reluctant to step away from the traditional checks.

08/20/2020

‘Prove where you got your wealth,’ India tells alleged tax dodger

A landmark ruling against the beneficiary of an undeclared Swiss bank account could be a breakthrough moment for authorities hunting hidden wealth.

08/20/2020

Pandemic, low interest rates push private bank investors to alternative assets

Alternatives can be used as a substitute for core bond portfolios, which currently generate very little, if any income.

08/20/2020

Wealth management in Hong Kong, Singapore hits snag with bankers stuck at home

Already, the likes of UBS Group and JPMorgan Chase & Co have seen the growth of new money in Asia take a hit.

08/20/2020

Morgan Stanley duo establishes advice boutique

The duo is joined by Ryan Loehr, who worked as an associate adviser initially at Morgan Stanley with the two.

08/19/2020

Asset managers in Singapore support work from home option

The coronavirus pandemic has accelerated tech adoption at firms globally, allowing a growing number of firms to overhaul their rules and maintain remote-working arrangements even after lockdowns have been lifted.

08/19/2020

Ping An of China Asset Management (Hong Kong) Launches First Co-branded Fund with Hang Seng Investment Management

The Fund is a mixed-asset fund that mainly invests in Asia-Pacific region (ex-Japan) equities and fixed income markets.

08/18/2020

Chinese banks woo overseas asset managers

Moves follow last year’s decision to allow foreign managers majority stakes in joint ventures

08/18/2020

Amundi and OCBC Bank launch Singapore’s first-ever fund that Harnesses the Momentum of Dollar Cost Averaging

The Momentum Fund lets the portfolio manager initiate dollar cost averaging for the investor.

08/14/2020

AIA Thailand sets up 847 billion baht asset management unit, report says

The largest are Kasikorn Asset Management and SCB Asset Management, which both had 1 over trillion baht of assets under management as of end-July.

08/14/2020

Growth opportunity beckons for Japan equities as pandemic forces changes

Japan is a mature economy, with many of its corporations grappling with inefficiencies.

08/14/2020

Multi-family office sees growing opportunities in Sri Lanka

A multi-family office will provide advisory for multiple families on managing their wealth. There are several elements to services offered by Heritage Partners.

08/13/2020

Gold could head as high as $3,400, VanEck CEO says as metal pulls back from records

“We became really bullish last summer when gold broke out of its six-year sort of sideways market, and then the other technical confirmation happened when it went to all-time highs a month or so ago,” van Eck said Monday on CNBC’s &l

08/13/2020

AMP announces 1H 20 results and return of capital

The AMP Life sale was a major milestone and opens the pathway to accelerate the next stage of our strategy.

08/13/2020

The Asset Awards: Citi, Deutsche Bank, HSBC set the pace in asset servicing

Depositary receipts, corporate trust, escrow services play key roles

08/12/2020

Bank of Singapore expands Middle East footprint

It has had a presence in the region since 1996

08/12/2020

Peter Babej: Citi’s Asia chief eyes regional opportunity

Asia is no normal region for Citi.

08/12/2020

Hong Kong’s Wealthy Investors Stay Put With Crisis Plans Ready

A much-feared exodus hasn’t materialized, wealth managers say

08/11/2020

Ping An’s Lu wealth management unit offers two zero-commission months on Hong Kong launch, might ignite price war

Lu International (Hong Kong), a subsidiary of Lufax Holding, part of Ping An, launched on Monday and is charging zero commission until the end of September

08/11/2020

Look for Value in True Growth or Solid Dividends

Over the longer term, we completely accept very low interest rates are a boon for true growth stocks such as tech companies, but we should not forget emerging markets.

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