04/26/2015
YES BANK launches its First International representative office in Abu Dhabi
The bank is keen to expand in some of the key international financial markets in order to serve the large sections of NRI population.
Wealth and Asset Management
04/24/2015
Asset Management Awards 2015, part 2: Day 3
Today we announce our marquee winners, including an additional award for innovation. That concludes our Asset Management Awards. Congratulations and see you at the dinner.
04/24/2015
Who's driving Asian yacht demand? Not China
Southeast Asia is fast emerging as the yachting hub of Asia
04/24/2015
Benetti takes on Asia
Luigi Adamo has been made the general manager of Benetti Asia, heading up the management team based in Hong Kong, with Alberto Giannerini as service manager and Natalie Ye as marketing manager.
04/24/2015
Managed Account Holdings to invest in advisory firms
MGP proposes to assist the advisory firms by establishing a shared services capability to negotiate
04/24/2015
Meet DBS, Singapore’s Home-Grown Private Bank
Tan Su Shan is reshaping Southeast Asia’s biggest bank into a wealth manager for Asia’s Switzerland
04/24/2015
Goldman's Pac Life purchase to boost assets by $US18b
Goldman Sachs Asset Management has announced that it has entered into an agreement with Pacific Life Insurance Company to acquire Pacific Global Advisors (“PGA”) solutions business with total assets under supervision of over $18 billion as of
04/24/2015
HSBC Launches Immediate Review Of UK Base
The bank confirms a Sky News report that it is looking into whether to move its main base out of the country
04/23/2015
HNI segment reports 8.21% rise in MF folios
As per a report by CRISIL research, the high net worth individuals or HNI (individuals investing Rs 5 lakh or more) segment saw a rise of 8.21% or 1.09 lakh folios to 14.31 lakh folios in the quarter ended March 2015
04/23/2015
Everbright and Sinowel Enterprise Group ink deal
Recently, China Everbright Limited and Sinowel Enterprise Group announced the signing of a strategic partnership agreement to start their co-operation towards the secondary market of trust beneficiary rights.
04/23/2015
Alibaba’s Joseph Tsai to Open Multibillion-Dollar Family Office
Family office will invest the wealth created by the Chinese e-commerce giant’s $25 billion IPO
04/23/2015
Citadel managing director to join Alibaba family office - Bloomberg
Oliver Weisberg has quit his role as a managing director of Citadel to help run a family office for Alibaba Group Holding Ltd executives, Bloomberg reported, citing two people with knowledge of the matter.
04/22/2015
LGT Venture Philanthropy invests in Vietnam
LGT VP is an impact investor that supports organisations with outstanding social and environmental impact
04/22/2015
Sacked Macquarie advisers still in the industry
They were usually put in more risky portfolios, rather than balanced
04/21/2015
StanChart has no intention to sell stake in Indonesia's Bank Permata-SE Asia CEO
Standard Chartered's abrupt move to shut its global equities business in January could be a prelude to the lender selling off stakes
04/21/2015
HSBC chief says bank must be managed better, not smaller
HSBC chief executive Stuart Gulliver insisted on Monday that the global banking giant is not too big to manage
04/21/2015
UBS targets 15 percent asset growth in Asia-Pacific: Zeltner
The main driver of growth in Asia was undoubtedly Chinese wealth, with China now representing UBS' biggest private banking market outside its home of Switzerland and the United States, Zeltner, the Swiss executive said.
04/20/2015
Breaking the banks: Tax jump may drive HSBC, StanChart away from UK
Several investors told Reuters they want the two banks to do a thorough analysis on whether it makes sense to move after Britain raised the bank tax by a third last month.
04/20/2015
Super-rich Asians draw multi-family financial firms
A discreet breed of financial management firm has sprung up to cater to Asia's super-rich as their fortunes grow.
04/20/2015
UBS revamps products, intermediaries divisions
The Swiss bank is integrating its global financial intermediaries unit with its investment products and services division. It has also appointed a new head of investment products and services for Asia Pacific.