05/23/2018
UBS Rises to JPMorgan's Top Bank Pick in Wealth Management
About 60 percent of UBS’s invested assets come from ultra-high-net-worth individuals.
Wealth and Asset Management
05/23/2018
Offering wealth management into the UK out of Asia after Brexit
Brexit will have significant ramifications for the Financial Services Industry in the UK, and will undoubtedly result in a number of regulatory changes for wealth management businesses involved in cross-border sales to the UK.
05/23/2018
Julius Baer reveals record AUM and Asia growth plans
Assets under management at record CHF 401 billion – Robust net new money inflows – Gross margin improvement driven by step-up in client activity – Cost/income ratio (2) inside target range
05/22/2018
Japan’s rich targeted in offshore joint venture
BOS hopes the memorandum of understanding will raise its profile among Japanese ultra-high and high net worth individuals.
05/22/2018
Chinese banks up the ante to lure millionaire clients from overseas private investment houses
More than 60 per cent of mainlanders with personable investible assets worth in excess of US$1 million now hold those offshore, and 10 per cent of that by value are handled by foreign banks
05/22/2018
From Teslas to rust belts: China’s yawning wealth gap
China’s rich-poor divide has narrowed by about half by some measures but there’s still a big difference between life in a top-tier city and the hinterland
05/22/2018
StanChart's digitalisation push nets more customers
The bank's wealth management business is growing at a healthy clip, he said in a recent interview.
05/22/2018
Japan’s rich targeted in offshore joint venture
SMBC Trust Bank is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation - Japan’s second largest bank by assets.
05/21/2018
ANZ Sells Another Asian Asset
ANZ Royal Bank will be acquired by a Japanese financial holding company, J Trust, ANZ said in a media statement.
05/21/2018
Standard Chartered Seeing Results in Digitalisation Move
Singapore is also Standard Chartered's second-biggest market, after Hong Kong.
05/21/2018
Singapore's wealth management business dominates Asian competition
According to a report, Singapore and Hong Kong both rank well for competitiveness but have slight weaknesses in ’provider capability’
05/21/2018
Addressing the need for a holistic approach to wealth management
It is increasingly important today given that their wealth is now very diverse.
05/18/2018
Dozens of advisers go as Macquarie merges its private bank and wealth divisions
The relationships between wealth management divisions and other operations of major banks are one of the areas of focus for the Hayne Royal Commission into banking.
05/18/2018
Demand from foreign buyers to surge in next decade, says global head of residential at Knight Frank
“Australia is still seen as a very attractive location but clearly the government are taking a more proactive role in how they try and control property values."
05/18/2018
UBS to double headcount in India: CFO
UBS already has two captive centres in Mumbai and Pune.
05/17/2018
Macquarie merges private wealth businesses
The gearing towards HNW investors in the bank's private wealth and banking business will have no impact on BFS's retail banking strategy which includes home lending, deposits and credit card solutions for consumer clients.
05/16/2018
Bank of Hawaii partners with Japan-based SMBC Trust Bank
The agreement includes discounted wire transfer services between Hawaii’s second-largest bank and SMBC Trust Bank
05/16/2018
JP Morgan seeks majority stake in China joint venture
JP Morgan also announced in the statement the appointment of Mark Leung as chief executive officer of the company’s China operations effective May 14.
05/16/2018
2017 strong momentum intact, private banks expect another good year
Despite volatile markets in Q1, optimism remains high
05/16/2018
BNP Paribas Wealth Management: Tailoring its future to fit the new Asia
The firm grew its AUM by more than 15% a year from 2012 to 2017