03/18/2016
13 ways to successfully schmooze Chinese clients
As private banks step up their efforts to win offshore business from wealthy people in China, how can you stand out from the competition and keep your clients happy?
Wealth and Asset Management
03/17/2016
Credit Suisse sees trading boost from year-old digital platform
Some of our clients who usually place trades via their relationship managers are now trading global equities directly on the digital platform anytime at their convenience.
03/17/2016
IOOF WealthBuilder options get highest Lonsec ratings
In addition to the five 'Highly Recommended' ratings, Lonsec also rated 10 of IOOF WealthBuilder's investment options 'Recommended'.
03/17/2016
China Offers Double-Digit Growth Opportunity to UBS’s Zeltner
UBS’s expansion in China comes at a difficult time for its wealth-management business, the firm’s largest unit, which posted a 47 percent slump in pretax profit in the fourth quarter.
03/16/2016
Old Mutual Wealth acquires Singapore advisory business
Been working with AAM since 2009
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.