Managers of Wealth Asia Pacific

Australia's NAB restructures HNW business

The National Australia Bank Group, one of the country’s big four banks, has restructured its high net worth (HNW) business, which will see its private banking arm renamed NAB Private.

Tech start-ups snap at the heels of Asian private bankers

With 4.7 million high net worth individuals - typically those with $1 million in liquid financial assets - Asia-Pacific is the largest and fastest growing wealth region, according to Cap Gemini and RBC.

Asia private banks may see more M&A moves: Bank of Singapore

According to a survey by Asian Private Banker, the top 20 private banks in the region, excluding those that refused to be interviewed or were located in mainland China

Standard Chartered Said Selling $4.4 Billion of Asian Assets

Standard Chartered shares rose 1.7 percent to 451.05 pence, the highest in a week, at 9:51 a.m. in London trading Monday.

Creating the right multi-family office offering in India

What are the biggest opportunities for multi-family offices in India at the moment?

DBS joins forces with Rising Pune Supergiants for IPL-9

Speaking on the occasion, Surojit Shome, CEO, DBS India said: “As the bank that helped finance Singapore’s industrialisation, DBS has always believed in India’s long term growth story.

Asia has suddenly lost 62 private bankers. This is how it happened

During both these years the industry’s main players added a combined 300 new private bankers to their ranks.

2015 AUM & RM Headcount League Tables

This is in stark contrast to the heady days of 2014 when 19 out of 20 banks recorded rising AUM.

OCBC to buy bulk of Barclays' Asian wealth management unit for $320 million

Singapore's banks have been keen to pick up wealth management assets put up for auction by Western banks as they retreat to focus on their own markets.

Private banks' robotic evolution

They now see private banking as their next hunting ground.

Asia Private-Bank Assets Fall for First Time Since at Least 2013

Banks see private banking as a revenue booster because the number of rich people in Asia is rising as economic growth outpaces that of the rest of the world.

NAB announces next generation business model for high net worth market

Under the new model, NAB Private will become a pure private banking proposition for HNW clients, offering specialised services such as, structured finance.

HK tycoon Li set to rebuff activist Elliott over family bank

Elliott, a BEA shareholder for five years, has built a 7 percent stake and says the stock's underperformance is down to weak management.

Taiwan’s CTBC Bank to handle trade finance for its new partner LH Bank

TAIWAN-BASED CTBC Bank, which will become the strategic partner of LH Financial Group, will send a management team to oversee trade finance and wealth management, according to the group’s chairman and executive director, Rutt Phanijphand.

Asia Private-Bank Assets Fall for First Time Since at Least 2013

Banks see private banking as a revenue booster because the number of rich people in Asia is rising as economic growth outpaces that of the rest of the world.

New Trust Firm Opens in Hong Kong

Prior to joining Zedra, John Ashwood was the founding Managing Director of trust, fiduciary, fund and corporate services firm Vistra Hong Kong.

New independent family wealth consultant launches in Hong Kong

Capital Solutions, a new independent consultancy providing holistic and integrated solutions for private wealth assets, has launched in Hong Kong.

Credit Suisse has high hopes for China

The drive is part of the Swiss bank’s renewed focus on Asia under the strategy of Tidjane Thiam, who took over last summer.

Credit Suisse CEO Thiam targets bigger China presence

The CEO said he saw this as a natural development as the country transforms itself into a consumption-driven economy rather than one led by investment.

Former FSC boss John Brogden changes tune on bank owned wealth managers

One time lobbyist for the retail wealth management industry, John Brogden, now reckons the big four banks should scrap their "vertically integrated" business models, citing conflicts of interest and flawed pay policies.

Wealth and Asset Management