03/08/2023
Int'l Women's Day: Asia's Most Influential Private Bankers
Due to a number of factors involving socioeconomics, culture, history and more, this has been the case since the industry’s early days and the trend is likely to persist.
Wealth and Asset Management
03/07/2023
Wealth managers urged to tap into growing market of women seeking financial advice
Wealth managers are being urged to act now in order to tap into the growing market of women seeking financial advice.
03/06/2023
Credit Suisse offers higher deposit rates in Asia to woo the wealthy – sources
Credit Suisse is also offering a rate as high as 7 percent for one-year deposits, the sources told Reuters.
03/06/2023
China border reopening kick-starts doubling of Standard Chartered wealth-management income in Hong Kong, executive says
Sales of insurance to mainland visitors will return to the pre-Covid level in the second quarter, senior executive says
03/03/2023
Singapore Wealth Firm Sees Rapid Growth Catering to Rich Families
Farro says it amassed over $1 billion in assets since October
03/02/2023
WealthTechs win by managing wealth and not the wealthy
Traditional wealth managers often have their eyes locked on servicing high net worth (HNW) and ultra-high net worth (UHNW) clientele.
03/02/2023
Multi-Family Office Farro Hits $1 Billion AUM in Months
It is aiming for families across Japan, UK, US and beyond that want to access Asia through Singapore as a center.
03/01/2023
Wealth managers support HK’s family office incentives
Recent measures should strengthen Hong Kong’s competitive edge and encourage new and existing family offices to expand their presence.
03/01/2023
Wellington expands fund range to Singapore HNWIs
The investment manager launched three new funds targeting the wealth channel in Singapore, following its first retail launch in 2021.
02/28/2023
OCBC Bank stays on track for being the wealth management bank of choice in Malaysia
At OCBC Bank, clients can expect a range of wealth solutions, from deposits and credit cards to wealth protection, investment and financing to help grow, protect and preserve their wealth based on their unique aspirations and appetite for risk.
02/28/2023
Noah Holdings wins 'Best Independent Wealth Manager - China' at Asian Private Banker Awards for Distinction 2022
The Asian Private Banker Awards for Distinction identifies and honors the benchmark for excellence in private banking and wealth management in the Asia Pacific region.
02/27/2023
Singapore banks see fall in wealth management fees as rich clients turn cautious
OCBC’s results wrap up Singapore’s latest bank earnings season, where local rivals DBS Bank and UOB also suffered from lower fees managing rich clients’ funds.
02/27/2023
HSBC Global Private Banking responds to Hong Kong's latest family office incentives
The rapid growth of Asian wealth, coupled with UHNW families’ intent to institutionalise and professionalise the management of their wealth in recent years, has spurred the development of Hong Kong’s family office ecosystem.
02/27/2023
St James’s Place to close Shanghai office
Firm will ‘continue to invest in and grow’ its operations in Hong Kong and Singapore.
02/24/2023
UBS Said to be Applying For China Fund License
That opened the door for other institutions to follow suit, including Blackrock, Goldman Sachs, and JP Morgan Chase which have since obtained various licenses from Chinese regulators to expand their businesses in the Middle Kingdom.
02/24/2023
KGI Asia Sage leverages Extramile to craft extraordinary wealth solution
Extramile further empowers KGI Asia's professional team's ability to offer unrivalled structured products solutions based on clients' need anytime, anywhere.
02/23/2023
Missing Chinese banker was working to set up Singapore family office
A growing number of Chinese executives have set up family offices, a privately held company that manages investments, in Singapore after Beijing launched a regulatory assault on the tech sector and an anti-corruption crackdown.
02/23/2023
Raffles Family Office welcomes Hong Kong Government's initiatives for asset and wealth management industry
The government will also refine regulatory measures and tax arrangements, increase allocation to sustainable investment funds
02/22/2023
Standard Chartered is upping the stakes with its Hong Kong wealth management push
Standard Chartered already employs around 5,800 staff in the city and the bank wants to hire between 300 and 500 wealth management staff in Hong Kong this year in a move that is likely to push up salaries as it goes toe-to-toe with HSBC and Citigroup.
02/22/2023
HSBC Wealth takes a hit while global private banking rises in 2022
Revenue was driven by strong growth in net interest income and increases in all global businesses, including Global Private Banking.