08/15/2014
ANZ Bank has grown its cash profit by 8 per cent over the first three quarters of its financial year and says it is on track to hit its profit guidance, despite softer revenue growth and leaner profit margins.
08/15/2014
He’s right. There must be a win-win, and killing off our already-dwindling tigers isn’t the way to go.
08/15/2014
Chinese households increased the amount of savings diverted into wealth-management products to a record 12.7 trillion yuan as the government tries to manage risks from an explosion in shadow banking.
08/15/2014
There will be no significant change in strategy on the part of the Wealth Management division of the Commonwealth Bank in the wake of the controversy which has surrounded Commonwealth Financial Planning.
08/15/2014
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.
08/15/2014
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.
08/14/2014
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.
08/14/2014
Wealth management is booming, but business is about growing profits, not just revenues
08/13/2014
Chief executive Ian Narev says the bank is ‘cautiously positive’ about the Australian economy’s prospects
08/13/2014
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.
08/13/2014
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.
08/13/2014
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.
08/13/2014
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.
08/12/2014
Mega Financial prefers candidates with strong consumer banking, wealth management and life insurance businesses, Tsai said.
08/12/2014
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
It plans Orchard Rd branch; seeks clients with at least US$1m in investable assets
08/11/2014
MAAM has already secured firm and indicative pre-launch commitments of $100 million from sophisticated investors.
08/11/2014
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
08/11/2014
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.
08/11/2014
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