03/16/2016
Old Mutual Wealth acquires Singapore advisory business
Been working with AAM since 2009
Wealth and Asset Management
03/16/2016
Reliance Capital eyes India assets of JP Morgan AMC
Talks for JP Morgan’s Rs7,501-crore portfolio are in early stages, but Reliance Group has made the highest bid so far
03/16/2016
Maybank Again Voted 'Best Private Banking Services In Malaysia'
He added the recognition reinforced Maybank's position as Malaysia's leading wealth management provider in terms of service and product offerings.
03/16/2016
Fitch warns on China’s wealth management products
The sharp increase in wealth management products to $3.6trn raises credit and liquidity risks at Chinese banks, the ratings firm said.
03/15/2016
NAB: No one has got private banking right in Australia
“No one has really got private banking right in Australia,” said Justin Greiner, chief executive of JBWere, the venerable 175-year-old broking house owned by NAB.
03/15/2016
NAB Private drops wealth advice to focus on banking
This comes two months after NAB snapped up the remaining 20 per cent stake in wealth group JBWere, in a deal understood to cost about $20 million.
03/14/2016
Stressed asset funds: Only for ultra HNIs
They could offer higher returns than traditional fixed-income funds, but holding period will be longer due to the risky underlying assets
03/14/2016
UK’s Campden Wealth joins hands with Patnis to enter India
Campden Family Connect, a JV between Patni’s family office RAAY Global Investments and Campden Wealth will have Indian members with assets worth $30 million and above
03/14/2016
StanChart Singapore targets more segment crossselling
Doing more with existing clients” increases eciency and is a “big focus” for the bank’s Singapore operations.
03/11/2016
Why financial services / products suck for the rich (but not super rich)
In reality, the free coffee is where the VIP treatment ends for some millionaires.
03/11/2016
China’s shadow-bank boom keeps zombie firms alive
They have long been popular with retail investors seeking better returns than they can get from bank savings.
03/11/2016
Former ABN AMRO chief Angus James misses $2.5m payout
Mr James was made redundant in 2008 following a takeover bid by RBS.
03/11/2016
OCBC aims for innovations in wealth management as banks ramp up fintech drive
The programme will accept applications until March 17. Through the programme OCBC aims to become the first financial partner for fintech startups.
03/10/2016
Falcon Private Bank Seeks Distance From 1MDB Controversy
Swiss wealth management firm’s CEO defends compliance mechanisms
03/10/2016
Falcon bank says no business impact from 1MDB probe
The Malaysian fund, 1Malaysia Development Berhad, is being investigated by several authorities, including Malaysia, Switzerland and the United States.
03/10/2016
China’s shadow-bank boom keeps zombie firms alive
They have long been popular with retail investors seeking better returns than they can get from bank savings.
03/09/2016
Capgemini Brings the Power of Salesforce Financial Services Cloud to Wealth Management Clients Worldwide
New cloud-based Financial Services offering provides fully integrated capabilities for improving wealth manager productivity and firm-wide agility
03/09/2016
Can China's Rich Hold Onto Their Wealth?
These are people whose total average assets are at least RMB 10 million a day, over a one-month period.
03/09/2016
Can China's Rich Hold Onto Their Wealth?
These are people whose total average assets are at least RMB 10 million a day, over a one-month period.
03/08/2016
Wealth managers keeping faith with Japan
Wealth managers appear to be keeping faith with Japanese equities despite the recent poor performance of the country's economy