10/07/2014

Ray White distances itself from Wealth Market

Property giant Ray White has moved to distance itself from family-owned Wealth Market, stressing it will have no directional affiliation with the soon-to-be-launched venture.

10/06/2014

DBS ups high-net-worth assets by almost 30%

With the acquisition, DBS said it now has S$88 billion in high net worth assets under management and S$129 billion in assets under management for all wealth customers.

09/29/2014

Alibaba gets permission to set up private bank in China

Alibaba is the latest company outside the financial sphere to win approval to start a bank in China. Beijing hopes private banks will help in its drive to open up the economy to more competition and get private capital to more parts of the economy.

09/24/2014

Aberdeen to rebrand, expand Indonesian firm

Aberdeen Asset Management expects to take control of Indonesia's NISP AM in November, when it will rename the fund house's products, add headcount, rebrand and move office.

09/21/2014

Standard Chartered global markets head dies at 42

Bloomberg News reports his death was announced in a company memo that said he was with the bank for 19 years and called him 'an important member of the Singapore country management team.'