10/24/2018
UBS Seeks Normality in China
Several banks including Julius Baer reportedly responded to the move with travel restrictions or banks.
Wealth and Asset Management
10/24/2018
Private Bankers Walk a Fine Line in China
Still, the cautious response of other global wealth managers highlights the tension of overseas-based staff operating in a country that maintains capital controls and where an expanding pool of ultra-rich clients is frequently anxious to move money offsho
10/23/2018
Hong Kong billionaire Li said to near deal to buy CBA’s Indonesia unit
Chief Executive Officer Matt Comyn is overhauling Australia’s largest lender, with plans to spin off its wealth management and mortgage broking operations.
10/23/2018
Banks turn to loans to boost earnings as wealth income weakens
Bank earnings are also expected to be supported by better-than-cycle average credit costs as asset quality continues to remain stable.
10/23/2018
China's flaunt your wealth challenge goes viral with people falling out of cars with luxury goods
The post attracted more than a thousand comments, with Chinese netizens questioning whether it was safe for the woman to be posing in the middle of the road.
10/21/2018
China to allow bank wealth-management funds to be invested in stocks
The CBIRC announced the policy change in draft rules that allow banks to set up wealth management subsidiaries to strengthen risk management.
10/18/2018
Wealth managers eye massive long-term opportunity in impact investing
Younger ultra-high net worth Asian investors are reinventing the traditional cheque writing charity-giving of past generations towards a ‘profits with purpose’ form of investing
10/18/2018
Lok Yim: «Targeting $88 Billion in Assets under Management»
Our revenue growth has been strong and we have put in some cost efficiencies.
10/18/2018
UBP’s Aman Dhingra and his Take on the Future of Private Banking Advisory in Asia
The cathartic element of change, Dhingra argues, has been regulation.
10/18/2018
Exclusive: Fallen Chief of Bad-Asset Manager Had Tons of Cash — Literally
A real estate subsidiary of Huarong once developed 120 properties in the city of Zhuhai, Guangdong province, 100 of which Lai gave to his ex-wife and many mistresses, sources told Caixin.
10/18/2018
Global wealth up 4.6% to US$317 trillion
Credit Suisse Research Institute publishes ninth edition of the Global Wealth Report
10/17/2018
IIFL Wealth Management acquires Wealth Advisors
In IIFL Wealth Managers, the parent company IIFL Holdings has a 53.64% stake, General Atlantic 21.52%, employees 20% and foreign financial investors 5%.
10/17/2018
Private banking woefully underused despite rise in HNWIs
A high-net-worth individual was defined as having over $1 million in investible assets.
10/17/2018
High-Net-Worth Individuals View Real Estate as a Top Wealth Indicator
The latest report from Luxury Portfolio International®, Luxury Real Estate: What Matters Most To Today's Global Elite, shows continued interest in real estate as a wealth builder and deep emotional investment
10/16/2018
UBP to target smaller asset management partners in Asia
Room for independent asset managers to develop across the region
10/15/2018
The Rapidly Evolving Wealth Management Offering in India
The panellists cogitated on how firms can differentiate their businesses and thereby future-proof their current successes.
10/14/2018
PBI Global Awards winners announced
BNP Paribas made a string of major new hires in its North Asia division this year.
10/11/2018
Talent crunch cracks Singapore's wealth management scene despite hefty bonuses
The risk is an increased demand which would make this a candidate driven market.
10/11/2018
Julius Baer Prepares Return to M&A
The Swiss banker is referring to the rising expense for stricter regulation, which has put a damper on profits and raised the bar for new entrants to the market.
10/11/2018
Hong Kong seeks to attract family offices, rivaling Singapore
Hong Kong is aiming to attract more family offices, which have been identified as a key growth engine for the industry, and its recommended changes follow in the footsteps of rival financial hub Singapore.