08/14/2014

INDIA: Swiss to protect bank secrets

Switzerland government’s apex executive body, the Federal Council, said in a statement that it supports a parliamentary initiative seeking severe punishment for those selling bank client data or benefitting from such activities.

08/13/2014

Luxury leaps the Great Wall again

Gift giving (what some might describe as bribery) was a huge part of Chinese corporate culture, with business executives offering drinks and dinners, cars and watches, to curry favour with officials.

08/12/2014

Noah Holdings beats estimates

Noah Holdings, a leading wealth management service provider focusing on distributing wealth management products to the high net worth population in China, has announced its unaudited financial results for the second quarter of 2014.

08/11/2014

No influx of European wealth for Singapore

Singapore sees no evidence that wealthy people are shifting funds from Europe to Asia in order to escape tough rules on tax avoidance and money-laundering

08/08/2014

OCBC named SME bank of the year

OCBC Bank (Malaysia) Bhd (OCBC Bank) has been adjudged Malaysia’s SME Bank of the Year by Singapore-based Asian Banking and Finance.

08/07/2014

Technology to remake wealth management

The speed at which Asia is creating wealth is increasing the demand for the creation of wealth management solutions and the digital revolution will change the way Asians manage their wealth, said Singapore bankers.

08/06/2014

Malaysia faces challenges to wealth management

One of the concerns among local industry players is how to ensure wealth management in Malaysia for HNW clientele go beyond a product-centric approach in order to capture a larger market share (at best) or retain its current market share (at the least).