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.
Wealth and Asset Management
07/20/2018
Asian financial company enters European HNWI market with acquisition
It will operate as an independent subsidiary of Rayliant, while retaining its own name and brand.
07/20/2018
Masayoshi Son's 'crazy' act wears thin
SoftBank founder must use Tiger deal to reassure investors worried about Vision Fund
07/19/2018
Nikko to launch Japan’s first yen-hedged US equity ETF
Mr. Imai says Nikko AM “has proactively developed various types of ETFs to meet the needs of investors and will continue to build a diversified and robust portfolio of investment products”.
07/19/2018
Bank of Asia launches operations in British Virgin Islands
The bank said it is “uniquely positioned to secure a strong share of banking from Asian high net worth individuals and their related global offshore companies”.
07/19/2018
Are private banks snubbing Hong Kong’s ETFs?
Most private banks in Hong Kong, which are usually regional or international banks, follow a standard when it comes to putting funds on their shelves, Quah explained.
07/18/2018
Indian wealth firms reach $169bn in record year: report
The wealth unit of Kotak Mahindra Bank retained the number one spot, nearly doubling assets to $30bn in 2017. IIFL Wealth Management came in second, nearly $12bn below Kotak Wealth Management.
07/18/2018
Pictet WM: Asia’s industry leaders the better bet
Gaud zeroed in on China’s domestic healthcare industry as an example.
07/18/2018
Hermes sets high target for Asia growth
In view of the ambitious growth target, she said acquisitions are one option, but declined to give any details.
07/17/2018
‘Honesty is best policy’ in dealing with HNW clients
He says that this business model is slowly disappearing all over the developed world, and not only in the wealth management business.
07/17/2018
Wealth management is the new buzzword in financial services sector
The amount of wealth creation is increasing in India, leading to a greater need for people to manage it
07/16/2018
A first for a Singapore private bank
Currently serves its European clients from its Singapore headquarters and through its parent company OCBC Bank’s London office.
07/16/2018
Bank of Singapore to open in Luxembourg
The private bank has received regulatory approval to operate a wealth management subsidiary in Luxembourg.
07/13/2018
Boutique licensee acquires regional advice firm
We feel strongly that to be truly successful, we need to be able to attract great planners and clients
07/13/2018
Netwealth sees 'once in a lifetime shift' in wealth management
Matt Heine, who along with his father Michael Heine heads up the Melbourne-based company
07/12/2018
The staggering rise of India’s super-rich
India’s new billionaires have accumulated more money, more quickly, than plutocrats in almost any country in history.
07/12/2018
Asia's Newest Millionaires Swap Basket-Case Economy for Fine Art
Philippine wealth numbers are rising at third-fastest in world
07/12/2018
View asia pacific australia's banking trust crisis spur new family offices
This abuse of trust and ‘product-pushing culture’ was exactly what emerged over a decade ago in the northern hemisphere following the global financial crisis.
07/12/2018
ICBC Credit Suisse loses half of onshore assets
The total AUM of the firm was down to RMB 129bn from RMB 337.2bn year-on-year, according to Amac data.
07/11/2018
Singapore’s Temasek says 12% gain lifts assets to record S$308 billion
Temasek is "obviously worried that this could escalate" but for now China's policymakers would seem to have the tools at their disposal to offset any fallout from trade tensions, said Michael Buchanan