09/08/2017
How Standard Chartered Lost $400 Million on Risky Diamond Debt
The bank thought it would be a good idea to expand a unit making loans secured by the jewels. Now it wants out.
Wealth and Asset Management
09/08/2017
Aberdeen Standard integration kicks off in Asia
The integration process for the mega-merger between Scotland’s Standard Life and Aberdeen Asset Management has kicked off after the deal officially closed on August 14.
09/08/2017
Hana Financial, UBS end asset management joint venture in S. Korea
If the transaction is completed, Hana Financial will hold a 100 percent stake in Hana UBS Asset Management and the entity will be renamed, Hana Financial said in a statement.
09/07/2017
Meeting the succession needs of business owners in India
The next generation needs to accept the additional responsibilities.
09/06/2017
Point72 to Double Tokyo Staff to Meet ‘Enormous’ Opportunities
Cohen’s fund aims for more than 60 workers, up from current 30
09/05/2017
The Sanctum Wealth Management road to success in India
By achieving this slightly ahead of schedule, the firm has now started to see some positive business momentum, explains Gupta.
09/05/2017
Swiss Bank Vontobel Launches Derivative Products in Hong Kong
Investors in Asia, who tend to have a greater affinity for trading frequently than their wealthy counterparts elsewhere, continue to favor such products, which offer exposure to derivatives.
09/04/2017
Lenovo Owner Buys European Bank
China has been cracking down on outbound investment in recent months.
09/04/2017
Bank of Singapore growing fast thanks to Hong Kong
There needs to be a greater range of financial instruments available.
09/04/2017
ANZ Wealth: A One Horse Race
Other Australian banks went for a more simplified disposal process.
09/04/2017
How Rich Chinese are Preserving Their Wealth
This is mostly because of entrepreneurial spirit, privatization of state-owned companies, and economic liberalization since the 1980s.
09/01/2017
International wealth hub sets up in Australia
A new social network hub dubbed Planet of Finance has launched in Australia, set to be unveiled at next week’s IFA Convention in Sydney.
08/31/2017
Netwealth surpasses $15 billion in FUMA
Netwealth has moved past the $15 billion funds under management and administration (FUMA) mark after significant inflows into its non-institutional, private client and wealth management divisions.
08/31/2017
MetLife likely to buy ANZ’s wealth unit
One sticking point is whether the buyer takes on a local partner.
08/30/2017
Hong Kong businessman and philanthropist Sir David Tang dies in London, aged 63
Best known as the founder of fashion brand Shanghai Tang, he also founded Hong Kong’s private member China Club in 1991.
08/29/2017
NDB opens Private Wealth Center for high net worth clients
Additionally, the NDB Private Wealth Center’s one-stop-shop setting has, in a number of important ways, greatly improved the Group’s ability to share research and knowledge.
08/29/2017
Noah Holdings Reports Q2 EPS $0.52, Sales $104.4M
Total number of registered clients as of June 30, 2017 was 164,728, a 43.4% increase from June 30, 2016.
08/29/2017
StanChart plays the numbers game in Indonesia
Although Standard Chartered has been operating in Indonesia for the past 154 years, it is only over the last 14 of these that it has been active in the wealth management space. And Simarno is anxious to make up for lost time.
08/29/2017
The Ambassador, Caught on Email
Besides his role as a key link between the Middle East and the U.S., Otaiba is a very wealthy businessman.
08/29/2017
Liechtenstein's LGT Bank plays up princely ties to woo Asian clients
LGT signalled its intent to expand in emerging economies last year when it bought ABN Amro's private banking operations in Asia and the Middle East, which came with $20 billion in assets.