02/17/2015
Foreign private banks plan India headcount boost in revival of growth push
The start-ups offer a new investment route for the millionaires
Wealth and Asset Management
02/17/2015
Sumitomo Bank to set up PH branch
Sumitomo cited the country’s strong economic performance as one of the key factors that led to its decision to set up shop in the Philippines
02/17/2015
Wealth-X Reveals: The World's Richest Chinese Tycoons
Following closely behind him is Alibaba chairman Jack Ma, whose net worth has surged to US$26.5 billion in the wake of the e-commerce giant's 2014 IPO, the largest in history.
02/17/2015
Foreign Private Banks to Boost India Headcount
Foreign private banks are bulking up in India once again after downsizing in the past few years
02/17/2015
Financial Times magazine names Maybank Islamic Best Private Bank for Islamic Services
For the sixth time, the bank won the “Best Private Banking Services Overall (Malaysia)” and six sub-category awards.
02/16/2015
Singapore multifamily office to open in Dubai
Taurus Wealth Advisors recently hit $1 billion in assets under management and has applied for a licence to operate in the Middle East with a view to winning more clients there.
02/16/2015
HDFC Bank wins award for best pvt banking services
2015 marks the 12th year of the Euromoney Private Banking and Wealth Management Survey
02/16/2015
Hana Bank Selected as Best Private Bank in Korea by Euromoney
Hana Bank has been named the Best Private Bank in Korea 7 times in a row, from 2005 to 2011, and this is the 8th time this year.
02/16/2015
From Celebrity Chefs to Private Jets, Here's how Asia's Big Spenders Celebrated Valentine's Day
Asian consumers are now one of the biggest spenders during Valentine’s Day, a holiday that originated in the West.
02/16/2015
Canada extends millionaire migration deadline as scheme appears to flop with rich Chinese
That extends the application window from two weeks to a total of 11 weeks, suggesting the scheme has fallen well short of the worldwide cap of 500 applications.
02/16/2015
Fresh tax evasion claims against HSBC India
Court documents reveal that HSBC India has been accused of helping American citizens of Indian origin to avoid tax, said the report.
02/15/2015
Cornell, Chinese university create family biz program
Soon some Cornell University scions of successful family businesses will be joining with counterparts in China for an immersion program designed to help their businesses grow and manage wealth across generations.
02/15/2015
Royal Hong Kong Yacht Club announces Edmond de Rothschild Group as official wealth management partner
The Royal Hong Kong Yacht Club has today announced that the Geneva-based and family-owned financial institution, Edmond de Rothschild Group, has been appointed as the Club’s first official wealth management partner
02/13/2015
Private Wealth division on probation for another year
The corporate regulator has put the Group's private wealth division on probation for another year after finding it needs more time to ensure compliance in all areas.
02/13/2015
Rich Chinese Flood Overseas Immigration Departments Amid Growing Wealth Drain
The flood of high net worth individuals seeking to settle overseas has flooded immigration authorities
02/13/2015
Australia readies for first privately-owned Chinese bank
A Sydney-based investment management company is planning to set up the first privately-owned Chinese bank in Australia
02/13/2015
Ultra high net worths seize on alternative investment protection
Australia’s global private banks and wealth advisory firms are working closely with family offices and UHNW individuals on a wide array of alternative asset allocations in a direct effort to ensure meaningful returns, come what may, this y
02/12/2015
DBS commits S$100m to mark SG50
DBS Bank said it is contributing more than S$100 million to honour the nation's golden jubilee.
02/12/2015
From Wealth to Health: Rich Chinese Seek Spiritual Fulfillment
Executives Spurn MBAs for Philosophy Classes; Shopping Excursions for Buddhist Meditations
02/11/2015
JTC extends global reach with Mauritius licence
As a result of its geographic location close to Africa, time zone and extensive range of double tax agreements, Mauritius has become a desirable location from which to do international business particularly into Africa and India.