09/23/2024
Asian Anchors: Leading the Way in Captive Innovation
Guiding risk management in a continually changing captive insurance environment
Wealth and Asset Management
09/23/2024
World’s biggest millionaire boom draws wealth managers to Taiwan
A bank predicts the number of millionaires in the territory will grow by half in the five years to 2028, reaching almost 1.2 million
09/23/2024
Hong Kong's DL Holdings looks to acquire $2.6bn Singaporean wealth firm
The unnamed target firm is founded in 2008 and has over 400 clients to date, with significant presence in Singapore and Dubai.
09/23/2024
Citi’s Global Head of Wealth Visits Hong Kong
Citi’s New York-based head of wealth, Andy Sieg, recently visited Hong Kong
09/20/2024
Wealth platform Wrise expands in Hong Kong as more family offices set up shop
The company is an independent platform that is linked with 150 financial partners, including Goldman Sachs, JPMorgan, UBS and others
09/20/2024
DBS aims to double fees from wealth management by 2027 as rich shift assets to Singapore, Asia
Wealthy clients of South-east Asia’s largest bank usually invest their cash to improve returns
09/19/2024
Single family offices reach 1,650 as wealth management sector booms
Wealth management AUM grew by over 8% in 2023, continuing its upward trend, with a five-year compounded annual growth rate of around 10%.
09/18/2024
Singapore Adds Hundreds of Family Offices in 2024
In total, 1,650 single family offices have been awarded tax incentives, up from 1,400 at end-2023 and 400 in 2020.
09/17/2024
Citigroup to Hire Talent in Hong Kong in Wealth Push
The talent will be based in Hong Kong and serving the region more broadly, Sieg said, declining to provide numbers.
09/17/2024
Personalised investment behind growth of Thai private wealth
This group of investors, categorised as High Net Worth Individuals (HNWIs), experienced a growth rate of 10.3% in 2023
09/17/2024
Singapore’s wealth management sector growing, as single family offices balloon to 1,650
An SFO manages assets belonging to only one family.
09/17/2024
"Building a Stronger Tomorrow: Family Offices in our Flourishing Wealth Management Landscape" - Speech by Mr Chee Hong Tat
The family office community in Singapore is a vibrant and growing space.
09/17/2024
iCapital to Deliver Integrated Alternative Investment Platform to HSBC Global Private Banking
The solution will be fully integrated into HSBC’s platform to digitalize the private market investment experience for its relationship managers, investment counsellors and operations teams.
09/16/2024
Wealth Management Institute: SGD 15 Million Investment to Strengthen Philanthropic Capabilities through the Asia Centre for Changemakers
Consequently, strategic philanthropy is expected to grow, underscoring the need for new skills and capabilities for the sector.
09/16/2024
EFG private banker relocates from Switzerland to Dubai
A private banker that has had stints in Hong Kong and Zurich, has relocated to Dubai.
09/16/2024
High-net-worth investor landscape evolves with rising numbers, growing wealth, and expanding needs for expert advice
Praemium in conjunction with Investment Trends has released the 2024 HNW Investor Report, which outlines that despite cost-of-living pressures, Australia’s wealthiest are getting wealthier.
09/13/2024
The Proper Way to Ask a Private Banking Client for a Selfie
An updated Monetary Authority of Singapore circular from early 2022 shows a willingness to tread new, more hallowed grounds, but an unwritten fallback shines through the entire eight pages of electronically delineated nirvana.
09/13/2024
Family offices confident recent growth in wealth will continue
More than nine in ten (92%) of those who have seen asset values increase expect even more growth over the next five years with 48% expecting dramatic increases.
09/13/2024
Schroder Asian Total Return Investment Company plc - Half-Year Results
Technology holdings, especially those linked to artificial intelligence, were the largest contributors to performance and benefitted the technology heavy Taiwan market, where stocks rose strongly.
09/13/2024
AIA's wealth plug sees traction five months after launch
The insurance industry is ramping up its wealth offerings, looking to differentiate from private banks, by offering universal life and whole life solutions for mass affluent and high net worth clients.