08/28/2015
Goldman Seals Closure of Asset Management Unit in South Korea
The unit didn’t have any remaining investment advisory contracts, according to an official at the Financial Supervisory Service.
Wealth and Asset Management
08/28/2015
Safety is all high net worth investors want, for now
They don’t care so much about return, as long as it is safe
08/28/2015
Hurt by Rout, Asia’s Rich Scour for Bargains
Private bankers calm worried clients, advising them to consider risks and opportunities after selloff.
08/27/2015
Worries over slowdown: Move out of China & switch to US funds, say wealth experts
Wealth managers believe investors could take profits from these funds now and reallocate them to developed markets.
08/27/2015
BHF Kleinwort Benson keeps mum on offer
The offer was not mentioned in the group's interim results, out just now, but investors and analysts will get an opportunity to talk to management mid-afternoon (UK and European time).
08/26/2015
DBS named Asia's Best Wealth Manager
According to The Asset, DBS won the coveted Best Wealth Manager in Asia award because of "the bank's ability to recognise the different requirements of both new and established clients, as well as provide wealth management solutions and services
08/25/2015
Bahamas Financial Services Industry Continues to Target Asia’s Wealth Economy
The upcoming promotion includes a schedule of four events in four cities, starting with a Bahamas Landfall event in Beijing on October 29
08/25/2015
China capital opening is wealth manager 'game changer,' DBS says
As it readies for an eventual lifting of capital controls, DBS, Southeast Asia's largest lender, is studying ways to expand in China
08/25/2015
Schroders eyes fintech investments, partnerships
Schroder Investment Management is looking for more financial technology investments, its Asia distribution head tells AsianInvestor.
08/25/2015
Private banks eye Asia's new breed of family office
Setting up a family office has certain advantages, such as increased confidentiality and a more personalised approach to managing funds.
08/23/2015
China's Wealthy Increasingly See Value of Full Family Office Offering
Family offices in the US and Europe began introducing these type of value-added services in the 1990s
08/23/2015
Australian Money Managers Forgo Pay for Charities
Fund-management companies get turned into pro- bono endeavors
08/21/2015
UBS’ Kathryn Shih Plays the Long Game
The Asia head of private banking knows that, like in golf, a deft touch is critical to grow and protect wealth.
08/21/2015
Swiss-Asia expands to target growth in financial entrepreneurs
Swiss-Asia Financial Services (Swiss-Asia), a Singapore-based independent asset management company, said it plans to expand its operations to meet the rising demand coming from entrepreneurial finance professionals.
08/20/2015
Edelweiss to lend to HNIs for investing in its MF arm
The lending arm is lending as much as two times the money that investors can bring in upfront.
08/20/2015
Asia countries move to claw back undeclared wealth parked in S'pore
But Singapore banks face a more urgent challenge.
08/19/2015
S’pore bankers rattled by chase for undeclared funds
Singapore has committed to automatically start sharing information with foreign tax authorities from 2018
08/19/2015
StanChart chief bemoans commoditised private banking
Standard Chartered's global private banking chief trumpets the benefits of a one-stop-shop bank, but Julius Baer disagrees.
08/19/2015
In wealthy Australia, philanthropy is the biggest loser
The report found that a small number of people dominate the philanthropy landscape, with 66% of the total amount claimed in 2012-2013 gifted by just 7.3% of the giving population.
08/19/2015
Shinhan’s retirement asset platform gains traction
Suggesting financial solutions to retirees is not only an opportunity for new growth but also the moral responsibility of the financial industry