Managers of Wealth Asia Pacific

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.

HSBC Hires Wealth Teams Across Asia

Recruitment for wealth teams across Hong Kong, Singapore and mainland China is on track.

Gold demand rises as investor buying spree offsets jewellery plunge- GFMS

That offset a 40% year-on-year fall in consumption of gold by jewellers to 308.6 tonnes, a 19% decline in use by industry to 75.3 tonnes and an 11% dip in purchases by central banks to 129.3 tonnes, the report said.

Hurun Global Rich List 2020

The Hurun Global Rich List 2020 ranked 2,816 billionaires from 71 countries and from 2,182 companies.

IIFL Wealth Management Makes a Clean Sweep at the Euromoney Private Banking and Wealth Management Survey 2020

The wealth management landscape is undergoing significant changes and creating new opportunities as well as risks for investors.

Vietnamese bank MB partners Bordier to launch wealth management unit

The new business is based at the MB Private Banking Center in Ho Chi Minh City.

VP Bank receives two awards at Greater China WealthBriefingAsia Awards for Excellence 2020

The two awards are presented by WealthBriefingAsia, an Asia-focused daily news and analysis service of the WealthBriefing Network.

MB officially launches MB Private

Pioneering Swiss-standard private banking in Vietnam, MB Private offers a suite of advisory and financial services and dedicated Relationship Managers with local expertise and global know-how.

DBS Enhances Advice and Client Engagement for HNWIs

The report will also be provided as supplements to monthly client statements.

Vietnam Bank Taps on Bordier to Launch WM Arm

MB marked the occasion with the opening of the MB Private Banking Center in Ho Chi Minh City on Tuesday.

HSBC’s new retail and private banking targets the globally mobile

The bank also intends to expand in the three major markets where it has scale.

Wealth and Asset Management