03/18/2015
Morgan Stanley's Asia wealth business goes local
With this, Morgan Stanley is the only global wealth manager whose Asia business is managed via a locally incorporated bank
Wealth and Asset Management
03/18/2015
Credit Suisse Launches Global Digital Private Banking Capabilities with Asia Pacific Release in Singapore
Credit Suisse on March 18 announced the launch of a global digital private banking platform for clients in Asia Pacific
03/18/2015
Custom House re-launching Global Fund Services
TMF Group and Custom House Global Fund Services are going to separate, creating an independent, stand-alone fund services operation
03/17/2015
China plans to allow brokerages to expand wealth management business
Currently, brokerages and securities investment advisers may only provide consulting services, but only investors can make the decision to buy or sell assets.
03/17/2015
China Everbright Bank Said to Consider Wealth-Management Spinoff
The Beijing-based bank hasn’t submitted any proposal to the regulator, the people said, asking not to be identified as they aren’t allowed to speak publicly.
03/16/2015
Oracle Capital Group Signs Strategic Partnership Agreement
Partnership enhances Oracle Capital Group's global reach through access to Chinese market.
03/16/2015
Outgoing StanChart boss received $5.1m for 2014
He may have forgone his bonus for 2014 but Peter Sands, who will shortly be replaced as Standard Chartered's chief executive by Bill Winters, still took home $5.1m last year.
03/15/2015
‘Global crises boost case for private banking’ - Michael Benz, Standard Chartered
These three regions are the fastest growing in terms of wealth creation. This is because many of them are emerging markets. For example, China, India, Indonesia, Middle East and Africa are the regions, where the fastest wealth creation is happening. It is
03/15/2015
HSBC `won’t cut jobs’ in Hong Kong
HSBC Holdings Asia-Pacific chief executive Peter Wong Tung-shun said the bank is under no pressure to cut jobs in Hong Kong and will not freeze employees’ wages
03/13/2015
Pictet launches Chinese debt fund
The fund's investment universe is China’s onshore bond market
03/13/2015
Wealthy Chinese politicians: How 18 delegates in China are richer than the 561 lawmakers at the top of the US government combined
Using figures from the Hurun Report, released earlier this month, the paper reported how the combined net worth of Chinese delegates came in at $436.8 billion
03/13/2015
As ringgit slides, survey finds Malaysia’s ultra-rich hedging bets abroad
Malaysia’s ultra rich who have a net worth of at least US$30 million (RM110 million) are increasingly moving their investments, and their families, out of the country, according to the latest report by property firm Knight Frank.
03/13/2015
Eight things to know about jobs at Tidjane Thiam’s Credit Suisse in Asia
Credit Suisse’s Asian hiring in the next 12 months won’t get it anywhere near to bridging the RM gap with its Swiss rival
03/11/2015
CIMB, Morgans extend Aust partnership
The Malaysian investment bank and the Australian stockbroking and wealth-management firm will work together on corporate transactions for cross-border business between Australia and Asia
03/11/2015
Thiam to focus on wealth management
Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth held by Asia's fast growing club of multi-millionaires.
03/10/2015
“Ugly side” of Asian banking revealed as firms hire, fire then keep clients
Private banks in Asia are quick to bemoan the shortage of quality relationship managers in the region and they are now becoming increasingly quick to fire new recruits who don’t perform in their first year.
03/10/2015
MyPlanner launches managed account solution
MyPlanner dealer group has set up a managed discretionary account solution that will be available to its 120 planners.
03/04/2015
Yellow Brick Road Wealth Management focuses on local branches in new campaign
It is complemented with a digital campaign which consists of display advertising through NineMSN and Google search and remarketing.
03/04/2015
Asia's trillion dollar private banking industry growth slows
AUM per relationship manager also showed significant growth, with relationship managers averaging US$286 million in 2014, a 4.1 per cent year-on-year increase, it said.
03/03/2015
Banks not reaching high net worth investors
The increase was the largest in five years