09/22/2015
BNP Paribas loses custody deal to RBC
Additional funds due to be launched later in the year will also be administered by RBC.
Wealth and Asset Management
09/22/2015
Noah Partners with UKTI to Open Opportunities for Clients in the United Kingdom
The partnership is designed to open up opportunities for Chinese high net worth individuals in investment, philanthropy, cultural exchanges, and education in the United Kingdom.
09/22/2015
Private banking veteran launches wealth platform
Has launched an independent platform in Singapore serving both as an external asset manager and multi family office.
09/22/2015
China grants Aberdeen Asset Management business licence
"While the asset management industry there is young and the potential huge, our vow is to avoid short-termism and focus on quality," Young said.
09/21/2015
CIMB wins six The Asset awards
These awards testify to CIMB’s resilience and continued capacity to rise to the challenge of advancing the markets while putting customers’ needs as the key driver in product development.
09/21/2015
Asia Pacific Region has more millionaires than North America
High net worth individuals are those who have money with a minimum of $1 million to invest aside from primary assets.
09/21/2015
India: Private equity player KKR to acquire majority stake in investment bank Avendus Capital
The proposed move will provide Avendus access to strategic capital and help leverage the brand and network of KKR to diversify and deepen its presence in investment banking.
09/21/2015
HSBC Set to Add 4,000 Jobs in China While Shrinking Globally
The 4,000 new hires would amount to a 30 percent increase from the 13,000 people now working for HSBC in the Pearl River Delta. By contrast, the bank plans to trim global headcount by some 50,000 over three years and reduce annual costs by up to $5 billio
09/21/2015
Julius Baer completes transfer of Merrill Lynch’s International Wealth Management business in India
By reaching this major milestone, the Group successfully concludes the global IWM integration which has considerably extended its footprint in key growth markets.
09/21/2015
‘Wealth in SL’s Family Offices exceeds moneys in Equity Funds’
They don’t want a potential short term capital loss so they seek safer options.
09/18/2015
Wealth management sector to benefit from ChAFTA
ChAFTA legislation must be passed in October.
09/18/2015
HSBC could stay in UK, hints chairman Douglas Flint
Douglas Flint says Britain’s regulatory system is better suited to a global banking titan
09/17/2015
Meet the Hong Kong bankers cashing in on China’s market turmoil
Hong Kong has long been a global investment gateway for rich mainlanders
09/17/2015
Families Support Scepter with $14 Billion in Discretionary Assets
The board represents the assets of a number of Gulf and Asian ruling families and ultra-high-net-worth investors
09/17/2015
Philanthropists back new listed vehicle
The listing ceremony coincided with World Suicide Prevention Day
09/17/2015
Wealth Migrate opens Shanghai office, sees strong need
Mr. Picken explained that China wants to transition from a manufacturing-based to more of a knowledge-based economy and they see a role for internet finance in that pivot.
09/16/2015
Macquarie Wealth Management has 'underperform' rating on Mesoblast
With $144 million cash in hand at end of June, this translates to ~10 months cash runway from today
09/15/2015
Have too many private banks left it too late in Asia?
Many private banks are at a tipping point in Asia - and for some it already looks too late.
09/15/2015
Unmet Needs of High Net Worth Individuals in Asia-Pacific Drive New Opportunities in Wealth Management
Improved wealth manager training, digital tools, and lending solutions essential for firms, finds Asia-Pacific Wealth Report 2015
09/14/2015
UBS Wealth Management's rebirth delayed
The decision to spin-off the division came after UBS considered shutting it and wealth boss Mike Chisholm opted instead to lead a buyout of the local division.