Managers of Wealth Asia Pacific

Family offices can be a ‘margin trap’, warns UOB’s Chew

There is a ‘lot of hype’ around the single-family office market but banks need to be selective, Chew Mun Yew, the Singaporean lender’s head of private banking says.

Hong Kong's CIES is off to a bumpy start, experts say

The relaunched CIES is off to a stuttering start due to its complexity and competition, as ultra-wealthy individuals gravitate toward family office tax breaks.

Valverde Enhances Investment Management Technology with Broadridge to Drive Growth in ASEAN Equity

Tech update advances Valverde’s tailored investment strategy capabilities amid ASEAN investment growth

BNP Paribas WM launches EAM desk for Apac

The French bank is the latest in the region to open its doors to the growing cohort of external asset managers in Asia.

UBS: Asia AUM Declines Despite Positive Inflows

This dip occurred despite the region gaining $8.2 billion in net new assets.

Former Banker Who Helped Launder Rp34.5 Trillion In Singapore Diadili

Both Wang Qiming and Liu Kai are Chinese managers and citizens who work in Citibank and the private bank Julius Baer Switzerland.

DBS' Singapore private bankers are probably better than Goldman Sachs'

While DBS still had some of the best private bankers in the world in the first half of 2024, Tricumen found that Goldman Sachs’ private bankers were on average more productive.

Citi Private Bank: Family Offices Cut Cash Holdings

On an equal-weighted basis, family offices globally have allocated 22.4 percent of assets to fixed income at the end of June 2024.

Standard Chartered partners with INSEAD and SC Ventures for a first-of-its-kind international Next Gen programme

Programme saw participation from children of high-net-worth clients from eight markets

Asia's Wealth Management Sector Evolves Rapidly

Major investments and strategic shifts reshape financial services for high-net-worth individuals and family offices

Why ANZ is the Best Private Bank in Australia

It emerged as Australia’s Best for Family Office Services, Australia’s Best for Next-Gen, and Australia’s Best for Succession Planning.

A Hong Kong Billionaire Says the City Will Become a Global Hub for the Ultra-Wealthy

The third-generation heir recently established the Hong Kong Academy for Wealth Legacy and was appointed as the chairman of the board of directors in 2023 in an effort to boost the city’s high-net-worth population.

$150 billion in inheritance will change hands this year: JBWere

Meanwhile, inheritance to family, friends and charity is expected to reach $5.4 trillion by 2044.

Hong Kong Tycoon Adrian Cheng Expects City to Become Top Wealth Hub

City is trying to regain its stature within global finance

Meet 3 of richest women in Chinese history, with one being the wealthiest woman ever

Empress Wu Zetian controlled immense amount of wealth during Tang dynasty (618-907), estimated to be worth US$16 trillion

Asia’s ultra-wealthy surge: Hong Kong and Singapore vie for dominance

This dramatic increase will position Asia as the second-largest concentration of UHNWIs, trailing only North America.

Banking Heiress Billionaire Grace Wee Jingsi Acquires $29 Million Singapore Mansion

This sale follows a sluggish 2023 for Singapore’s luxury property market, which was impacted by a high-profile money laundering scandal and rising interest rates.

Singapore's Banking Giants See Surge in Wealth Management Fees Amid Robust Client Trading Activity

The latest results from DBS conclude the earnings season for Singaporean banks, all of which have seen an uptick in fund inflows from clients and heightened market activity, resulting in increased fees.

DBS second-quarter net profit up 4% to SGD 2.80 billion, return on equity at 18.2%

First-half net profit up 9% to record SGD 5.76 billion driven by broad-based growth in total income

Singapore’s uber-rich foreigners shun extravagance, spooked by wealth scrutiny

From Sentosa Cove properties to whiskies, rich foreigners are holding back on spending following a major money-laundering case and tax hikes

Wealth and Asset Management