04/13/2016
The job cuts would affect the bank's Singapore and Hong Kong offices, the source said, declining to be identified because they were not authorised to speak publicly on the subject.
04/13/2016
Eilbeck said another major driving force for China markets would be the decision by MSCI in June on whether to include A-shares in its emerging market indices effective from 2017.
04/12/2016
She said the bank, which has just launched the Muamalat Gold-i here today, is targeting for gold products to constitute 60% of its fee income for wealth management by 2017.
04/12/2016
By selling its Singapore and Hong Kong wealth management business to Bank of Singapore instead of a rival bidder, Barclays may have staved off a big exodus of private bankers to the likes of UBS and Credit Suisse.
04/12/2016
In 2015, 94 percent of clients expressed that they were "satisfied with the service during their first call to the Standard Chartered call center."
04/12/2016
World wealth has grown exponentially in the last decade to the point where so many have achieved centi-millionaire status or even billionaire status, that it is almost unfathomable.
04/12/2016
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.
04/11/2016
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.
04/11/2016
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
04/11/2016
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.
04/10/2016
What are the biggest opportunities for multi-family offices in India at the moment?
04/10/2016
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.
04/08/2016
During both these years the industry’s main players added a combined 300 new private bankers to their ranks.
04/07/2016
This is in stark contrast to the heady days of 2014 when 19 out of 20 banks recorded rising AUM.
04/07/2016
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.
04/07/2016
They now see private banking as their next hunting ground.
04/07/2016
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.
04/07/2016
Under the new model, NAB Private will become a pure private banking proposition for HNW clients, offering specialised services such as, structured finance.
04/07/2016
Elliott, a BEA shareholder for five years, has built a 7 percent stake and says the stock's underperformance is down to weak management.
04/06/2016
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.