12/12/2016
UBS may take back 60% of work in-house soon
The Swiss lender has always been a large spender on IT and BPO services.
Wealth and Asset Management
12/08/2016
Jho Low Family Digs in to Stop 1MDB Asset Seizure by U.S.
The Justice Department is targeting real estate, investments and art works that were allegedly bought with money siphoned off from the state-owned investment and development fund known as 1MDB.
12/08/2016
Swiss private bank to close Hong Kong operations
"This is part of a return to Europe strategy due to rising cost pressures," said one of the people familiar with the matter who declined to be named.
12/08/2016
EFG International to cut up to 450 jobs as part of BSI integration
In an analyst and investor call today at 9.30 am CET, EFG International will provide an update on the integration of BSI, including further information on the planned strategy and ambitions of the combined group and the revised synergy potential.
12/07/2016
Class Action: Why Philanthropists are going back to school
Instead, formal education provision across the world remains patchy.
12/07/2016
ABN Amro to Sell $20 Billion of Asia, Middle East Banking Assets
LGT is a leading international private banking and asset management group.
12/05/2016
Just over half of HNWI assets are in discretionary mandates
Wealth managers in developed markets have started to lean towards the view that digital players no longer compete only for execution only business
12/05/2016
Netwealth partners for new private label
The feedback from our clients to date has been extremely positive, particularly around our ability to react quickly to changing market conditions and to better manage downside risk.
12/05/2016
HSBC to accelerate hiring in China next year, defying challenges
HSBC is starting its credit-card business in China on Monday after receiving regulatory approval to issue cards by itself, having previously done so in partnership with Bank of Communications Co.
12/05/2016
Finding a niche in Asian asset management
The big challenge for providers is coming up with funds that embody good ideas.
12/05/2016
Richest 1% Indians possess 58% money
Credit Suisse has been publishing the report every year for last five years.
12/02/2016
DBS, Bank of Singapore ready for acquisitions in wealth mission
DBS Group Holdings and Bank of Singapore have already announced at least US$400 million of acquisitions
12/02/2016
Sofgen assists Bank of Singapore with integration of Barclays’ wealth business
On the technology side, the project was carried out by Swiss tech consultancy and integration firm Sofgen.
12/02/2016
Citibank introduces new concept of wealth management in Korea
The Cheongdam center is the second wealth management center by Citibank Korea after its success with the first attempt with the Banpo center in Seocho last year, the bank said.
12/02/2016
Tour agencies reinvent themselves as luxury, bespoke requests rise
Traditional travel agents are trying to find a niche in demand creation
12/02/2016
Indonesia's rich see their wealth rebound this year
Despite its growing middle class, inequality in Indonesia is increasing faster than in most of its East Asian neighbors.
11/30/2016
VP Bank: A Focused Platform to Attract Intermediaries in Asia
Despite the smaller size and less advanced stage of development of the independent asset managers (IAMs) market in Asia, in comparison with Europe, highlighted by the lower amount of Assets under Management (AuM) these firms manage, there is good reason f
11/30/2016
Macquarie Group's New Zealand private wealth rebranded, locally-owned
The only thing is we've got a new name and a new brand that no one knows.
11/30/2016
DBS, Bank of Singapore ready for acquisitions in wealth mission
The two banks have already announced at least $400mn of acquisitions this year as they seek to compete with larger western rivals such as UBS Group.
11/30/2016
Chinese fund management giant Harvest hires Peregrine to a new global brief
Harvest Fund Management has 10 offices in China serving more than 30 million clients.