Managers of Wealth Asia Pacific

How Westpac threw a spanner in the wealth-exit works

The big banks are learning that getting out of wealth management is a lot harder than it was getting in, and the WEXIT web remains as tangled as ever.

Update from Michael Power, Ninety One - St. James's Place

Michael Power, Strategist for Ninety One, and Chris Ralph, Chief Global Strategist at St. James’s Place, discuss how Asia and the West may emerge from the coronavirus.

Job Support Scheme: Implications for Singapore family offices

The Singapore Government has been decisive and proactive in supporting businesses with the view to smoothing the economic impact.

Big Four Bank Restructures Private Client Arm

A big four bank has restructured its private wealth advice arm to sit within its broader retail banking division, in a move the bank says will better support client needs.

Wealth managers reveal post-crisis sector picks

Private banking professionals at HSBC, Deutsche Bank, UBS, DBS and Citi reveal opportunities in the wake of economic damage wrought by the coronavirus.

ARA, John Lim's family office make foray into fintech with majority stake in Minterest

This move by ARA follows its recent acquisition of a majority stake in Venn Partners, a London-based specialist debt fund manager with £5 billion ($8.81 billion) in assets under management (AUM).

Huishang Bank opens wealth management unit

China’s Huishang Bank has launched its wealth management subsidiary, reported xinhuanet. The commercial lender received the regulatory nod to launch a wealth unit last year. The new wealth unit will trade as Huishang Bank Wealth Management Co. Th

Huishang Bank opens wealth management unit

China also opened its securities market to foreign players.

Top 10 Threats That CEOs Are Concerned In 2020

At the same time, 32% of CEOs worry about the availability of key skills while 30% of CEOs think that the geopolitical uncertainty will affect in 2020 the economic growth of their organization.

Reyl Bank Profit Rises on Subsidiaries in Asia

Reyl also bulked up on staff, adding nearly two dozen employees to reach 223 people at year-end.

The world’s wealthiest are sticking with stocks despite the coronavirus crisis, UBS finds

In general, business owners are also positive on the longer-term outlook

UBS wealth management expects challenges ahead

Business shrank slightly last month

Standard Chartered lowers Vietnam’s 2020 growth forecast to 3.3%

The report states that manufacturing growth, an industry which accounts for approximately 19% of the country’s GDP, is likely to decline sharply on slowing global demand.

Chinese equity : selectivity is the key to success

In addition, the Chinese policy response has been so far muted

Crossbridge Capital launches CONNECT Prime Gives Back amid COVID-19 outbreak

This is an unprecedented time in our history.

RBC Corporate Services Hong Kong Limited to join SMP Group

SMP and RBC have a long history of working together to provide global solutions for private wealth structuring.

Standard Chartered warns on outlook as profit falls

All figures are presented on an underlying basis and comparisons are made to the first quarter in 2019 on a reported currency basis, unless otherwise stated.

Credit Suisse raises USD 595 million for healthcare impact-focused Quadria Capital Fund II

This successful fundraise is another illustration of the growing demand for impact investing strategies from a range of investors.

HSBC’s pre-tax profit falls 48% year-over-year in the first quarter to $3.2 billion

Analysts at Morgan Stanley had projected the bank’s first-quarter profit before tax could fall by 35.7% year-over-year to $3.998 billion.

Jonathon Clifton featured in CEO Magazine Asia with his management philosophy

Having led his team through massive changes in the past decade to become what it is today, Jonathon sees change as an opportunity and therefore encourages his team to face change with a positive perspective

Wealth and Asset Management