02/23/2018
StanChart first major foreign bank to consolidate all Singapore operations
Group's Singapore corporate and other remaining businesses will join its retail and SME banking under local subsidiary
Wealth and Asset Management
02/22/2018
Gen Next in focus to drive philanthropy
The number of ultra-high net worth individual (UHNWI) households has more than doubled to 1,46,000 in fiscal year 2016 from 62,000 in FY 2011
02/22/2018
Private banks in Asia see another year of strong growth
Discretionary portfolio management draws more investors
02/21/2018
UOB's discretionary portfolio management AUM tripled in 2017
UOB says its DPM solutions entail advisers initiating and executing trades based on agreed criteria
02/21/2018
Fullerton Taps into China's Wealthy
The new fund is being distributed by one of China’s largest brokerages and investment bank, China Galaxy Securities.
02/20/2018
HSBC boss scores bumper farewell pay package as bank profits rise
He was also awarded 4 million pounds worth of shares in a long term incentive plan
02/19/2018
Wealth managers must go digital
As wealth is passed between generations, advisers must adapt to their new target group and adopt the right technology
02/18/2018
Citi sees rich pickings in targeting Asia’s ‘mass affluent’
Bank to roll out tools for super-rich to wider market in drive for growth
02/15/2018
Credit Suisse Cool on Private Banking Hiring
The formula is one increasingly employed by private banks in order to get a leg up with big, family-controlled firms.
02/15/2018
Middle East Wealth Management on track for Growth and Evolution
The wealth management industry is certainly evolving.
02/15/2018
Citi Hong Kong named “Digital Bank of the Year” by the Asset Magazine
Citi also won the prestigious "Asia Pacific Digital Bank of the Year" title and a number of regional awards
02/14/2018
DBS closes acquisition of ANZ’s Asian wealth businesses
As at 31 December 2017, DBS’ total wealth assets under management stood at S$206bn, with S$18bn coming from ANZ.
02/14/2018
An evolving marketplace for HNW life insurance in Asia
Distribution is another area where we are poised to see changes which Ellis feels is very natural and a matter of diversification of risk.
02/14/2018
Pay surges as OCBC and UOB close earnings gap with DBS
The cost increases at UOB and OCBC mean they are narrowing the earnings gap with DBS, where per-head compensation fell by 5% over the same period as it took on cheaper staff in India and in retail banking, following the acquisition of some of ANZ’s
02/13/2018
DBS, NTU partner to train next generation of Singapore wealth managers
The programme will begin accepting students from August this year, and aims to accept up to 50 students per academic year.
02/12/2018
ANZ Sending Jobs Back to Asia
The bank also agreed to sell part of its stake in Metrobank Card to Metrobank, the second largest bank in the Philippines, for $144 million.
02/12/2018
DBS Seals ANZ Wealth Deal
DBS acquired the Australian bank's wealth management arm inSingapore, Hong Kong, China, Taiwan and Indonesia 16 months ago.
02/09/2018
BNY Mellon Further Boosts Capabilities in Korea with Seoul Foreign Exchange Trading Room
Korea is a strategically important market for BNY Mellon in Asia-Pacific.
02/08/2018
China’s War on Risk Has Banks Fleeing Shadowy Wealth Products
Interbank cross-holdings of WMPs more than halved last year
02/08/2018
Bank of Singapore eyes more private bankers in Dubai as assets jump
The bank has close to 50 relationship managers in Dubai, up by around a 40 percent since 2016, and is targeting further growth by 2020.