10/24/2019
State Media Cautions Against Bragging About Chinese Wealth
China's GDP per capita is still below $10,000.
Wealth and Asset Management
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.
10/17/2019
Australia has never had a 'true wealth industry': AMP
AMP's immediate priorities are to “get money back to clients”
10/17/2019
Singapore Wealth Managers Merge
The firm's investment team will be led by co-chief investment officers Sylvain Baude and Oliver Destandau
10/17/2019
BNP Paribas and Bank of Baroda merge India units into asset management joint venture
State-owned Bank of Baroda, based in the state of Gujarat, is the third largest lender in India, with 9,500 branches across the country.
10/15/2019
Indonesia's rising HNW population is 'opportunity for wealth managers'
This represents an average annual growth rate (AAGR) of 7.3 per cent. The number is expected to grow further to 1.5 million in 2022.
10/15/2019
BCA eyes retail investment customers with wealth management app
Wealth management services contributes 5 percent to the bank’s revenue.
10/14/2019
AMP restructures its Australian wealth management business
Bringing together our bank and wealth management teams in Australia will drive a more integrated organisation better able to pursue the significant opportunity we see in providing more holistic wealth services for our clients.
10/14/2019
Mumbai 12th wealthiest city in the world, New York number one with 65 billionaires
Delhi is on 22nd position and second Indian city after Mumbai on New World Health's 'The Wealthiest Cities Worldwide in 2019' list.
10/14/2019
HSBC relaunches wealth management product for families
“Majority of our customers are Filipinos... well-educated Filipinos,” Faulhaber said.
10/14/2019
Lighthouse Canton: Strong Growth Ahead for its Differentiated IAM Offering
Lighthouse Canton is an integrated asset and wealth management firm regulated by the Monetary Authority of Singapore and by the Dubai Financial Services Authority.
10/13/2019
PH indicators defy global wealth decline
This was triggered by a sharp 14% fall in securities such as equity and investment funds, although bank deposits and insurance and pensions grew healthily by 8.7% and 8.2%, respectively, in Asia.
10/11/2019
J.P. Morgan Launches Trust Company in Singapore
Joining Chue are four trust officers and a dedicated Trust Compliance officer.
10/11/2019
Growth Of Family Offices In Singapore
Singapore has long been one of the favoured private banking and wealth management centres for Asian families, and it is therefore natural that when it comes to choosing a place to set up their family offices, Singapore remains one of their top choices.
10/10/2019
Australia's embattled AMP merges banking, domestic wealth management units
Closer integration of the businesses was part of our long-term plan
10/10/2019
Wealth manager and insurer sign Indian partnership
To provide global health cover to high net worth individuals