Managers of Wealth Asia Pacific

Magellan profits jump 71%

Magellan Financial Group has reported net profit after tax of $82.9 million for the full year to 30 June, an increase of 71% on last year.

European bankers not needed for banking jobs in Singapore

Singapore may have overtaken Switzerland as the world’s fastest growing wealth management hub, but that isn’t making European private bankers flock to jobs in the city state.

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.

Wealth Management’s Profitless Boom Time by Phil Banas

Wealth management is booming, but business is about growing profits, not just revenues

Commonwealth Bank rides real estate boom to a record $8.68bn profit

Chief executive Ian Narev says the bank is ‘cautiously positive’ about the Australian economy’s prospects

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.

Former Aviva Investors Singapore CEO building multi-family office

Aviva Investors' former Singapore CEO is working with ex-Macquarie executive Giles Heyring to establish a multi-family office.

Finance Industry Representatives Meet Chinese Ambassador to the UK

His Excellency Liu Xiaoming, who was in Jersey from 11 to 14 August, visited Jersey Finance’s offices to hold a roundtable discussion with senior finance industry representatives on Tuesday 12 August.

Billionaire investor consolidates strengthen role in Shriram Group

He will strengthen his role in Shriram Group by taking over as chairman of Shriram Capital, the holding company of the financial services business, as the billionaire investor consolidates his hold.

Mega Financial attracts interest of sovereign funds

Mega Financial prefers candidates with strong consumer banking, wealth management and life insurance businesses, Tsai said.

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.

Maybank to set up private bank in Singapore

It plans Orchard Rd branch; seeks clients with at least US$1m in investable assets

Global Wealth Partners to launch fund on ASX

MAAM has already secured firm and indicative pre-launch commitments of $100 million from sophisticated investors.

HK to focus on fund and wealth management industry

The Hong Kong Monetary Authority will put greater effort into promoting the fund and wealth management industry in the city in the next five years

BlackRock private bank hire reflects rising trend

A newly created senior role at the US asset manager is in line with a growing focus on wealth managers as a channel for fund sales in Asia.

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

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.

Banks treated like "criminals" says Standard Chartered

Banks have been asked to play the role of policing anti-money laundering

ARA's net profit rises 36 per cent in Q2

Fees arising from acquisitions that the Reits made also contributed

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.

Wealth and Asset Management