04/22/2016
It’s a mistake to say private banks are scaling back in Asia, as some headlines may assert, but clearly change is afoot as wealth management units are merged, acquired and restructured all in an effort to boost profitability and remain competitive.
04/22/2016
"It is a (strategic) fit that has very little duplication," he said.
04/20/2016
China's CCBI plans Singapore asset management firm, yuan business
The Chinese lender also sold 1 billion yuan ($154.5 million) of offshore yuan bonds in London late last year to broaden the investor base of the so-called dim sum bonds.
04/20/2016
Asia's banks see rich pickings in private wealth assets
In a megabucks deal two weeks ago, OCBC Bank snagged the wealth and investment management business that Britain's Barclays Bank has in Singapore and Hong Kong, for a cool US$320 million.
04/20/2016
Samsung Asset Management Co. has established a strategic alliance with Edmond de Rothschild Group, a leading financial group based in Geneva, Switzerland.
04/20/2016
Sanctum, which had signed the agreement with RBS in September has acquired all the necessary licenses and approvals as well as successfully managed the migration of the business, including clients and people, from RBS Private Banking, a statement said Wed
04/19/2016
The Monetary Authority of Singapore’s unexpected easing on April 14 has fueled speculation that other policy makers, concerned about a worsening global economic outlook, will follow suit.
04/19/2016
Wealth managers grapple with how to establish profitable relationships with Asia’s multimillionaires
04/18/2016
The population of Indian high networth individuals is increasing, but is their investment pattern any different from that of the aam junta? In an email interaction with BusinessLine, Jaideep Hansraj, Head-Wealth Management and Priority Banking, Kotak Mahi
04/18/2016
Swiss group aims to double assets under management to $20bn
04/18/2016
The newly-launched proposition provides wealthy families throughout China with an array of needs-based services including asset management
04/18/2016
The Securities and Exchange Surveillance Commission on Friday recommended that the Financial Services Agency penalise Credit Suisse's Japanese brokerage unit after finding that one of its analysts leaked non-public information on a company's ear
04/18/2016
Nab-owned wealth management firm JBWere has announced a research and distribution partnership with investment bank Moelis Australia.
04/18/2016
Bmo Wm likes the dividend theme
Low interest rates and low inflation have brought the dividend theme to prominence this year, said Edmund Yun, executive director and head of investment for Asia.
04/15/2016
InvestmentLink chief technology officer Wayne Robinson said about half of the fintech market is unable to access data feeds from the wealth management industry in a significant way to run new and innovative products.
04/15/2016
Credit Suisse Private Banking Asia Pacific and CA Indosuez Wealth Management say investors are favoring higher-quality issuers, while UBS AG Wealth Management warns of the prospect of exchange-rate losses on local-currency bonds.
04/14/2016
The attraction of the Coutts deal was not Europe but Asia, says Union Bancaire Privee’s CEO Guy de Picciotto.
04/14/2016
Many of the job losses would be in the middle management level as the company believes that it could extract more out of lesser number of people and that it has excess capacity to scale up the business.
04/14/2016
With financial technology start-ups gradually making inroads into "high-volume, low-value -add" services such as payments and foreign exchange.
04/14/2016
Highlight a much more critical industry-wide issue – that of the cost of servicing smaller accounts with expensive infrastructure.