09/02/2020
Financial turmoil gives investors good opportunity to challenge advisers’ fees
Top wealth managers have been quick to declare that the Covid-19 pandemic has highlighted their strengths
Wealth and Asset Management
09/01/2020
Big banks' costly 20-year foray into wealth management is almost over
And thus was born the new era of bancassurance – the term that was applied to what would become one of greatest (but legal) shareholder capital heists in corporate history.
09/01/2020
SCB-Julius Baer eyes larger assets under management
SCB holds a 60% stake and the rest is owned by Julius Baer.
09/01/2020
Hong Kong’s Asset and Wealth Management business reports strong growth in 2019, says SFC
Net fund inflows of HKD1,668 billion (USD214 billion) were recorded for the asset and wealth management business during 2019.
09/01/2020
Werner Schlossmacher: «Increased Agility Will Remain Post-Crisis»
But as a private banker from the pre-digital era, it may sound like the machines are swallowing daily tasks and threatening to take your job.
09/01/2020
Intertrust to expand footprint in India with acquisition of leading corporate services provider
The acquisition of Sameer Mittal & Associates, which is located in New Delhi’s financial and technology hub, builds on Intertrust’s strategic commitment to being at the forefront of technology
08/31/2020
IOOF buys MLC Wealth for $1.4bn
This is a once in a generation opportunity to create the leading wealth manager of the future.
08/31/2020
Credit Suisse Plans to Double China Headcount in Five Years
Asia’s largest economy has the most millionaires after the U.S. and its financial opening this year has presented global banks and asset managers with an unmatched opportunity for expansion.
08/28/2020
Hong Kong’s PB, WM assets up 19% in 2019
Assets sourced from family offices and trusts grew nearly 90% during the year.
08/28/2020
HSBC ‘aiding China’s Hong Kong crackdown’
US attacks freezing of pro-democracy accounts
08/28/2020
'She' to power wealth management
Nearly half of the female respondents on the mainland took the lead in such matters, while 37 percent made decisions jointly with their spouse, higher than the 23 percent and 19 percent globally.
08/28/2020
DBS’s Joseph Poon: Stability from a sea of troubles
Joseph Poon is group head of DBS Private Bank, one of Asia’s leading wealth managers.
08/28/2020
Malaysia’s AMMB, US insurer Metlife mull sale of AmMetLife Insurance, report says
As of end-June, AMMB had 163 billion ringgit (US$39.09 billion) of assets and MetLife had $767 billion of assets.
08/27/2020
Taiwan can play pivotal role in wealth management: Vice President Lai
Turmoil in China, 5G revolution both key factors
08/27/2020
Julius Baer’s Thai Joint Venture Eyes Top 20 Ranking in Asia
SCB-Julius Baer has lofty goals to be a serious player in Thai private wealth management with a market share target of 1 trillion baht ($32 billion).
08/27/2020
Two Sydney advice firms merge
Two Sydney-based advice firms have merged, with the firms saying it was not a decision either party made lightly.
08/26/2020
‘Survival of the fittest’: Three sectors that stand to benefit from Covid-19 trends
Global businesses aimed at taking advantage of this cohort stand to be the big winners out of coronavirus as people return to the shops.
08/25/2020
Sanctum Wealth: Fuzzy Markets
The market senses that economic activity could be losing momentum.
08/25/2020
Fintech vs Private Banks: Takeover Threat for Wealth Management?
Despite the receptiveness, private banks are seemingly little worried about actual threat to market share, even if many clients were to open accounts with fintechs.
08/25/2020
Gold Brings Rewards for Institutional Portfolios
WGC noted the risk of currency depreciation, trade challenges and geopolitical uncertainty, and an ageing population that will put further pressure on public finances in a low-yield environment, as challenges that remain for Singapore.