07/31/2015
Why UBS and Credit Suisse aren’t offering big money to hire Asia’s best bankers
UBS and Credit Suisse are both all about Asian private banking right now.
Wealth and Asset Management
07/31/2015
Swiss bank UBP sees its China fund business doubling by year-end
UBP set up the asset management joint venture in China in late 2014, aiming to grow the presence of the company in the Asian market. The firm currently manages $400 million.
07/31/2015
AP Group, the parent company of AP Executive, celebrates its 25th year anniversary
The vision of the company was conceived by founder and CEO, Gina Le Prevost, a professionally qualified and experienced recruitment specialist.
07/30/2015
State Bank of India ventures into wealth management
Our wealth management services will be offered to different class of people customers.
07/30/2015
Between fact and fiction: the Rothschilds in China
The Rothschilds were said to be the wealthiest and most mysterious banking families in Europe during the 19th century
07/30/2015
Noah inks deal with Swiss private bank
The cooperation agreement will enable Noah to grow its global capabilities in research and product design and UBP to increase its reach in the Chinese wealth management market.
07/30/2015
Royal Hong Kong Yacht Club and Old Mutual International Reused Long-standing Partnership
Old Mutual International will continue its association with these programmes and events under this reuseded agreement.
07/28/2015
Wealth Enhancers departs Synchron, sets up AFSL
The financial planning firm became self-licensed earlier this year after working under Synchron since October 2006, a spokesperson confirmed.
07/28/2015
AMP, Commonwealth Bank support ethics drive for advisers
The program encompasses coaching, online training and workshops to help advisers make better decisions for clients.
07/28/2015
UBP says integration of Coutts International on schedule
Not including assets from Coutts, UBP posted assets under management of 93.1 billion francs at the end of June.
07/27/2015
Netwealth posts record year of growth & launches first private label managed account
Australia’s largest non-institutional platform, netwealth, has reported their largest year of growth on record increasing Funds Under Management (FUM) by $1.96b for the last Financial year, with current FUM at $7.6b, at the same time as announcing
07/27/2015
BHF Kleinwort Benson says not contacted by bidder Fosun
Wealth management group BHF Kleinwort Benson said on Monday that it had not been contacted by its largest shareholder, Chinese investment group Fosun, which has put in an offer to rest of the Belgium-listed company.
07/27/2015
3 top executives to buy out RBS' wealth management unit
Bank’s plan is to follow up sale of wealth management business with that of its retail and corporate portfolio in India, says a top executive of RBS India
07/26/2015
Wealth of Singapore’s richest drops amid economic slowdown
One of the few gainers was Goh Cheng Liang, who moved up to rank 3 from 7
07/26/2015
Credit Suisse sees small cuts for investment arm in Asia
Asia-Pacific chief Helman Sitohang says that above-average returns justify retaining a strong investment bank presence in the region
07/24/2015
Aberdeen Asset Management investment group reiterates focus on Asia and emerging markets
Aberdeen’s purchase last year of Scottish Widows Investment Partnership from Lloyds for about £660 million has cut some of its reliance on emerging markets, he continued.
07/24/2015
How promoters are taking charge of managing their personal wealth
Indian business families are now taking direct charge of investing and multiplying their wealth through their family offices in what is seen as a quiet revolution in family owned businesses in recent years.
07/24/2015
Australia's NAB to refund 62,000 wealth management clients
The NAB compensation follows an independent review by PricewaterhouseCoopers at the request of the Australian Securities & Investments Commission.
07/24/2015
The restless rich and what to do about them
The report categorizes the rich on the mainland as anyone with net assets of $1 million, not counting their primary residence, and says most of the mainland's rich are heading to the United States, Hong Kong, Singapore or the United Kingdom.
07/24/2015
Chinese investment group bids to buy rest of BHF Kleinwort Benson
It agreed to buy German bank Hauck & Aufhaeuser Privatbankiers earlier in July. It also owns French-based holiday company Club Mediterranee and has a stake in Britain's Thomas Cook.