04/08/2014
Affin to launch wealth management unit after deal
The new business, named "Affin-Hwang", would be anchored around Affin's investment advisory business as part of the bank's plan to be a top five investment bank in each if its business segments.
04/07/2014
Industry sources said that Alibaba is building an operational line
04/06/2014
IIFL Wealth Management acquires majority stake in India Alternatives Investment Advisors
Inda Alt Fund is a private equity fund registered with SEBI. It is a distinctive private equity fund with an initial commitment of Rs. 230 crore that involves primarily in mid growth stage companies.
04/04/2014
DBS’s purchase of Société Générale’s Asia private banking business could presage similar east-west tie-ups, says consultancy Scorpio Partnership.
04/03/2014
In the largest single cash donation by a corporate body to an arts institution, DBS Bank has donated $25 million to the National Gallery Singapore.
04/02/2014
The finance ministry has proposed to expand the ambit of wealth tax to include financial assets but has significantly raised the threshold for the levy.
04/02/2014
It is in line with the stated aspirations of many of Asia’s regional banks.
04/01/2014
InFocus Wealth Management was ready to comply with the full measure of the Future of Financial Advice reforms on July 1 last year.
04/01/2014
European asset management heavyweight subsidiary acquires Fund Management fixed income business
The Kuala Lumpur-based subsidiary of the European asset management heavyweight, acquired the fixed income business of Fund Management, also of Kuala Lumpur
04/01/2014
The Chinese government has granted Nordea Qualified Foreign Institutional Investor status, allowing it to trade directly in China's A-Share market through stock exchanges in Shenzen and Shanghai.
04/01/2014
The investment was done by injecting about €98.5 million ($135.7 million)
03/31/2014
India’s ultra-rich hire pros to manage personal wealth
As new millionaires emerge every year, a family office is becoming the norm rather than the exception, according to wealth management experts.
03/31/2014
Westpac leads on wealth cross-sell
Westpac leads the other big four banks when it comes to cross selling wealth management products
03/28/2014
AMP restructures sales teams, appoints new head
AMP has revamped its strategic marketing and sales division, bringing together its wealth management and insurance sales teams.
03/28/2014
Top 10 wealth management mistakes
The essence of wealth management, as most managers would tell you, is distinct from portfolio management
03/28/2014
SINGAPORE: Emergence of affluent class as banks target young professionals
Most lenders, which offer priority banking services, benchmark S$200,000 as the minimum balance requirement to target the high net-worth market.
03/27/2014
Bank of Ayudhya's strategy for its wealth-management unit will focus on managing the cost of funds and providing investment options reinforcing wealth to middle-income and wealthy customers during these times of economic frailty.
03/27/2014
Bank of Ayudhya (BAY) plans to target the growing number of wealthy upcountry residents in a bid to add 3,000 to 5,000 wealth management clients this year.
03/26/2014
Swiss private bank EFG has been awarded a wholesale banking licence in Singapore, allowing it to accept Singapore dollar (SGD) deposits.
03/26/2014
Australian venture capital firm, OneVentures has launched the OneVentures Innovation and Growth Fund II, seeking to raise $100 million from institutional investors and high net worth individuals over the next 12 months.