04/10/2016
Speaking on the occasion, Surojit Shome, CEO, DBS India said: “As the bank that helped finance Singapore’s industrialisation, DBS has always believed in India’s long term growth story.
04/08/2016
During both these years the industry’s main players added a combined 300 new private bankers to their ranks.
04/07/2016
This is in stark contrast to the heady days of 2014 when 19 out of 20 banks recorded rising AUM.
04/07/2016
Singapore's banks have been keen to pick up wealth management assets put up for auction by Western banks as they retreat to focus on their own markets.
04/07/2016
They now see private banking as their next hunting ground.
04/07/2016
Banks see private banking as a revenue booster because the number of rich people in Asia is rising as economic growth outpaces that of the rest of the world.
04/07/2016
Under the new model, NAB Private will become a pure private banking proposition for HNW clients, offering specialised services such as, structured finance.
04/07/2016
Elliott, a BEA shareholder for five years, has built a 7 percent stake and says the stock's underperformance is down to weak management.
04/06/2016
TAIWAN-BASED CTBC Bank, which will become the strategic partner of LH Financial Group, will send a management team to oversee trade finance and wealth management, according to the group’s chairman and executive director, Rutt Phanijphand.
04/06/2016
Banks see private banking as a revenue booster because the number of rich people in Asia is rising as economic growth outpaces that of the rest of the world.
04/06/2016
Prior to joining Zedra, John Ashwood was the founding Managing Director of trust, fiduciary, fund and corporate services firm Vistra Hong Kong.
04/05/2016
Capital Solutions, a new independent consultancy providing holistic and integrated solutions for private wealth assets, has launched in Hong Kong.
04/05/2016
The drive is part of the Swiss bank’s renewed focus on Asia under the strategy of Tidjane Thiam, who took over last summer.
04/05/2016
The CEO said he saw this as a natural development as the country transforms itself into a consumption-driven economy rather than one led by investment.
04/04/2016
One time lobbyist for the retail wealth management industry, John Brogden, now reckons the big four banks should scrap their "vertically integrated" business models, citing conflicts of interest and flawed pay policies.
04/04/2016
A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth.
03/31/2016
Citi has won six awards in the Wealth Biweekly magazine's annual wealth management survey, according to a press release from Citibank Taiwan, Tuesday.
03/31/2016
BMO, in turn, benefits from Aberdeen’s asset class expertise, while retaining full discretion over its client portfolios.
03/30/2016
Bank of China Limited (3988) reported today that it manages more than 810 billion yuan in financial assets on behalf of wealthy customers.
03/29/2016
Philippine tycoon Henry Sy, whose investments run from shopping malls to banks to construction, added the most wealth, while elsewhere in Asia, his peers have lost $31.3 billion amid a persistent slowdown in China.