03/24/2015
Wealth managers need to be 'service-oriented'
Rapidly advancing technology and sweeping regulatory changes are forcing wealth managers to adapt their service offerings, according to joint research by Deloitte and Efma.
Wealth and Asset Management
03/22/2015
Wealthy Russians Seek New Havens amid Sanctions, Legal Pressure
Faced with growing scrutiny from authorities and asset freezes in response to the Ukraine crisis, Russia’s rich are turning to Asia
03/21/2015
Julius Baer acquisition of DSP Merrill Lynch’s India ops gets CCI nod
JB is a Swiss private banking group which manages assets worth $297 billion through its presence in more than 20 countries.
03/20/2015
Sri Lanka says US$1b stashed in Dubai
Sri Lanka said it had traced more than a billion US dollars in public funds allegedly stolen by members of the former regime to a bank in Dubai
03/20/2015
Asia – The New 'Frontier' For Wealth Planning
This area has potential for significant growth given Singapore's burgeoning wealth management industry
03/19/2015
Credit Suisse’s Ferrari Has ‘No Limit’ in Hunt for Wealth Assets
The banker oversees a business that boosted headcount by 11 percent last year
03/19/2015
Credit Suisse seeks to raise AUM of Asia Pacific unit
De Ferrari said achieving the target AUM will not be hard because client assets in Asia are expected to grow
03/19/2015
HSBC celebrates 150th birthday with Asia’s biggest lightshow display on flagship building
The Hong Kong Shanghai Banking Corporation has launched an extensive multimillion dollar campaign to mark its 150th anniversary in Hong Kong
03/19/2015
China Merchants Bank looking to spin off units
China Merchants Bank said on Thursday that it was interested in spinning off and listing businesses such as its wealth management and credit card units
03/18/2015
VentureCrowd joins pioneering angel investor organisation
A group of more than 70 high net worth investors, refer start-ups to VentureCrowd so they can crowdsource funds.
03/18/2015
Vontobel intensifies network race with new clients
Vontobelowned structured product platform Deritrade has signed up four buyside clients, in the latest attempt to move ahead of rival Contineo in the race for private banking clients in Asia.
03/18/2015
Morgan Stanley's Asia wealth business goes local
With this, Morgan Stanley is the only global wealth manager whose Asia business is managed via a locally incorporated bank
03/18/2015
Credit Suisse Launches Global Digital Private Banking Capabilities with Asia Pacific Release in Singapore
Credit Suisse on March 18 announced the launch of a global digital private banking platform for clients in Asia Pacific
03/18/2015
Custom House re-launching Global Fund Services
TMF Group and Custom House Global Fund Services are going to separate, creating an independent, stand-alone fund services operation
03/17/2015
China plans to allow brokerages to expand wealth management business
Currently, brokerages and securities investment advisers may only provide consulting services, but only investors can make the decision to buy or sell assets.
03/17/2015
China Everbright Bank Said to Consider Wealth-Management Spinoff
The Beijing-based bank hasn’t submitted any proposal to the regulator, the people said, asking not to be identified as they aren’t allowed to speak publicly.
03/16/2015
Oracle Capital Group Signs Strategic Partnership Agreement
Partnership enhances Oracle Capital Group's global reach through access to Chinese market.
03/16/2015
Outgoing StanChart boss received $5.1m for 2014
He may have forgone his bonus for 2014 but Peter Sands, who will shortly be replaced as Standard Chartered's chief executive by Bill Winters, still took home $5.1m last year.
03/15/2015
‘Global crises boost case for private banking’ - Michael Benz, Standard Chartered
These three regions are the fastest growing in terms of wealth creation. This is because many of them are emerging markets. For example, China, India, Indonesia, Middle East and Africa are the regions, where the fastest wealth creation is happening. It is
03/15/2015
HSBC `won’t cut jobs’ in Hong Kong
HSBC Holdings Asia-Pacific chief executive Peter Wong Tung-shun said the bank is under no pressure to cut jobs in Hong Kong and will not freeze employees’ wages