Managers of Wealth Asia Pacific

Standard Chartered reducing diamond exposure; lenders demand extra collateral from diamantaires

It's a global decision by Stan-Chart. It's taking a relook at the business

Alibaba gets permission to set up private bank in China

Alibaba is the latest company outside the financial sphere to win approval to start a bank in China. Beijing hopes private banks will help in its drive to open up the economy to more competition and get private capital to more parts of the economy.

Alibaba Success Spurs Billionaire Modi’s CIO to Pre-IPO Fund

Amanat hit on the idea of starting the fund

Singapore 'a global hub for wealth management'

Switzerland has led the way, and Asia is following to some extent

Risk-wary rich opt for steady income and tax benefits

The survey also shows that despite the flat cash rate, affluent investors are still comfortable with their exposure to cash assets

Banks look for model to serve the wealthiest

We’re still finding a hybrid between the very bespoke, very small private banks in Europe and the retail platforms that many of us operate from here

Aberdeen to rebrand, expand Indonesian firm

Aberdeen Asset Management expects to take control of Indonesia's NISP AM in November, when it will rename the fund house's products, add headcount, rebrand and move office.

UBS launches 50th anniversary in Asia celebrations

To commemorate the 50th anniversary, UBS Singapore announced the launch of the UBS Singapore Youth Academy

Why European families are setting up in Asia

A growing number of European families are putting offices in Asia with a view to diversifying their asset base and investment exposure.

Shareholders livid as Macquarie Bank executive pay packets surge

The anger of investors and the broader public over the combined $58 million in executive salaries has been tempered by institutional investors

Banks can't sell wealth divisions: Perpetual

The major banks are stuck with their wealth management arms whether they like them or not, argues Perpetual Investments group executive Michael Gordon.

Standard Chartered global markets head dies at 42

Bloomberg News reports his death was announced in a company memo that said he was with the bank for 19 years and called him 'an important member of the Singapore country management team.'

Jack Ma’s Fortune Soars To US$25.4 Billion After Alibaba’s Blockbuster NYSE Debut

Aibaba raised $21.8 billion on Friday, the largest-ever IPO for a company listed on an American exchange.

Only 23 per cent of Singapore's wealthy plan to move

Of the 23 per cent who plan to relocate, 43 per cent cited a desire to pursue an international career

ANZ Swiss partnership attracts $1bn from private clients

ANZ's partnership with Vontobel to offer private clients access to the Swiss private bank's investment solution has attracted $1 billion in less than a year

Another Chinese ‘Wealth Management’ Product Bites The Dust

A potential default of 4 billion yuan by a nondescript Chinese bank reignites concern on risks from the country’s shadow banking sector - but an IMF blog says the sector is a mix of good and bad.

How to win family office mandates

Collins added that trust was very important to families

A Hong Kong Tycoon Just Placed The Largest Order In Rolls-Royce History

For example, the most expensive suite in the 22-story hotel is expected to cost as much as $130,000 a night, The Wall Street Journal reports.

‘Expert advice’ driving HNW confidence

For the month of August, the Certitude Global Investing Index found a sharp fall in investor confidence for Australian equities.

Wealth and Asset Management