07/27/2018
Macquarie’s new CEO strikes a blow for asset management – and women
The announcement on Thursday that Shemara Wikramanayake will replace Nicholas Moore as CEO of Macquarie Group in November is significant for two reasons.
Wealth and Asset Management
07/27/2018
Rothschild to close Singapore WM office
Clients will be able to choose to have their assets transferred to either the company’s Hong Kong or Zurich branch.
07/26/2018
UK’s LJ Partnership eyes Asia expansion after stake sale to New York-based Dilmun
A spokesperson for LJ Partnership tells Asia Asset Management that Dilmun acquired the stake via an issuance of new shares in the UK firm, which is 35% owned by Hong Kong-based Peterson Group.
07/26/2018
Credit Suisse’s NEXT Investors fund raises US$261 million
Switzerland-based Credit Suisse AM had $410 billion of assets under management as at March 31, 2018.
07/26/2018
Singapore Family Office Hoards Cash Amid China-U.S. Tensions
Kamet has about 40 percent cash, versus more usual 5 percent
07/26/2018
OCBC Q2 loan growth to hit 10% as Indonesian and Chinese arms outperform
“We also expect healthy growth from loans and trade related fees. Overall, we expect fees to increase 13.8% yoy,” Koh added.
07/26/2018
Wealth management & the Philippines: Experts shine light on the future path
The Asian Development Bank currently forecasts that the country’s GDP will grow by 6.8% in 2018
07/26/2018
The “Golden Dragon” Continues Expansion Into Europe, And Potentially Into Monaco
Over the past 10 years, China has bought or invested at least $318 billion in assets across Europe
07/25/2018
Transition planning for HNW families in the new era of compliance and transparency
Whatever the asset – whether financial, collectible or property – the transition of such assets from the founder to the second generation and beyond, or from spouse to spouse, or to other members, is an area fraught with difficulty.
07/25/2018
CEOs Are Starting to Bank Billion-Dollar Bonuses With IPOs
Stock granted without saying if there are performance hurdles
07/25/2018
How wealth managers in Asia can build smarter portfolios
A Bloomberg study recently highlighted that by 2020 the money managed under passive products will overtake the money managed under active products.”
07/25/2018
True UX in wealth management: That what and the how
Comarch Wealth Management is part of global IT solutions group Comarch, which has its headquarters and origins in Poland.
07/25/2018
Noah: China’s regs will lead to WM shakeout
China’s asset and wealth managers are expected to fully adopt the rules by the end of 2020.
07/24/2018
Singapore banks turn to China's wealthy to offset slumping stock markets
Guha noted that different products appeal to wealth management clients at different points in the market cycle.
07/24/2018
Is UBS a Takeover Target?
A low share price increases the danger of a company becoming the victim of a takeover, as has been shown in the past.
07/24/2018
Regulation and client demands driving structural change in private banking
De Boer then focused on what he calls the journey for wealth management providers from execution only to discretionary in Asia.
07/24/2018
‘Omotenashi’ at the heart of Nomura’s wealth management
The wealth management team is part of Nomura’s retail division, and specialises in providing personalised services to HNW clients in Asia
07/23/2018
China steps up rules on asset management for banks
Institutions handling securities and futures should adopt a diversified portfolio and are subject to the 'double 20%' ratio
07/23/2018
Westpac announces changes to wealth management division
The revenue impact of the pricing changes will ultimately depend on customer take-up along with new growth in customers and funds under administration.
07/23/2018
UBS bucks trend by keeping US$2 million threshold for rich clients
Other wealth managers have raised their thresholds in recent years, as tighter regulation and higher compliance costs have pushed banks to focus on higher-value customers.