Managers of Wealth Asia Pacific

Philippines: UnionBank expands offers for ultra-rich clients

The bank would focus on expanding offerings such as private debt, asset swaps and more global funds.

The Bank of East Asia, Limited Announces 2024 Interim Results

They emphasized BEA’s continued commitment to providing comprehensive financial services across its extensive network.

Barclays Private Bank sets its sights on accelerated growth in Singapore

The British banking giant’s private banking arm is poised for its next phase of growth in Singapore as it looks to strengthen its top-tier client services and offerings

VP Bank closes Hong Kong branch and reduces staff

VP Bank shuts down their Hong Kong branch and reduces staff due to operational efficiency.

Maybank Private banks on human touch and Asean touchpoints to grow wealth business

On-the-ground presence and wide range of services are enablers of holistic approach to advisory practice

Private Wealth in Japan

Under Japanese income tax law, individuals are taxed primarily based on their residency.

Family offices can be a ‘margin trap’, warns UOB’s Chew

There is a ‘lot of hype’ around the single-family office market but banks need to be selective, Chew Mun Yew, the Singaporean lender’s head of private banking says.

Hong Kong's CIES is off to a bumpy start, experts say

The relaunched CIES is off to a stuttering start due to its complexity and competition, as ultra-wealthy individuals gravitate toward family office tax breaks.

Valverde Enhances Investment Management Technology with Broadridge to Drive Growth in ASEAN Equity

Tech update advances Valverde’s tailored investment strategy capabilities amid ASEAN investment growth

BNP Paribas WM launches EAM desk for Apac

The French bank is the latest in the region to open its doors to the growing cohort of external asset managers in Asia.

UBS: Asia AUM Declines Despite Positive Inflows

This dip occurred despite the region gaining $8.2 billion in net new assets.

Former Banker Who Helped Launder Rp34.5 Trillion In Singapore Diadili

Both Wang Qiming and Liu Kai are Chinese managers and citizens who work in Citibank and the private bank Julius Baer Switzerland.

DBS' Singapore private bankers are probably better than Goldman Sachs'

While DBS still had some of the best private bankers in the world in the first half of 2024, Tricumen found that Goldman Sachs’ private bankers were on average more productive.

Citi Private Bank: Family Offices Cut Cash Holdings

On an equal-weighted basis, family offices globally have allocated 22.4 percent of assets to fixed income at the end of June 2024.

Standard Chartered partners with INSEAD and SC Ventures for a first-of-its-kind international Next Gen programme

Programme saw participation from children of high-net-worth clients from eight markets

Asia's Wealth Management Sector Evolves Rapidly

Major investments and strategic shifts reshape financial services for high-net-worth individuals and family offices

Why ANZ is the Best Private Bank in Australia

It emerged as Australia’s Best for Family Office Services, Australia’s Best for Next-Gen, and Australia’s Best for Succession Planning.

A Hong Kong Billionaire Says the City Will Become a Global Hub for the Ultra-Wealthy

The third-generation heir recently established the Hong Kong Academy for Wealth Legacy and was appointed as the chairman of the board of directors in 2023 in an effort to boost the city’s high-net-worth population.

$150 billion in inheritance will change hands this year: JBWere

Meanwhile, inheritance to family, friends and charity is expected to reach $5.4 trillion by 2044.

Hong Kong Tycoon Adrian Cheng Expects City to Become Top Wealth Hub

City is trying to regain its stature within global finance

Wealth and Asset Management