02/26/2013
"This set of results represents a very positive end to 2012. We achieved record profits, record fees and record contribution from our key regional markets," UOB's chief executive officer Wee Ee Cheong said in a statement on Wednesday.
02/26/2013
NAB makes top 20 in world’s safest banks list
The US-based magazine assembled the list based on a comparison of long-term credit ratings from Moody's, Standard & Poor's and Fitch Ratings, as well as the total assets of the 500 largest banks in the world.
02/26/2013
The sale of the unit underscores a growing trend of consolidation in Asia's wealth management industry as private banks struggle to earn profits in the face of rising regulatory costs and wafer-thin advisory fees.
02/25/2013
The most vocal resistance came from the Finance Ministry
02/25/2013
Group president Patchara Vangvongvit said the financial requirements of customers, especially of younger generations, in the past few years had opened the door for the wealth-management business.
02/24/2013
The new guidelines give confidence to non-banking corporates who may want to enter the market.
02/24/2013
The wealth management industry was the fastest-growing financial services sector in Malaysia and South-East Asia.
02/24/2013
It comes as BOC points to a trend of Chinese high-net-worth individuals switching from foreign private banks to domestic firms
02/24/2013
Australian wealth management and accounting firm in merger talks
The acquisition would see it broaden its services to its clients, adding 55 advisers and accountants to the SFG network and a further $606 million in funds under management.
02/22/2013
DBS promotions targeting wealth management clients
DBS Taiwan has launched various promotional offers targeting those with wealth management needs.
02/21/2013
Deutsche AM integration sees execs switch licences
The change comes as Deutsche Bank combines its asset management arm with its private wealth business in a restructuring and rebranding exercise.
02/21/2013
Swiss private bank opens London office
“It fits very much within our strategy of chasing global entrepreneurs,”
02/20/2013
“The strong performance of our Wealth Management business reinforces the benefits of the merger with AXA, with a suite of contemporary products and services that cater for all key market segments, supported by Australia’s leading financial adv
02/19/2013
BNP Paribas targets UHNW clients in Asia
The wealth unit is hoping to increase its client base in Asia
02/17/2013
"Chinese consumers find it reassuring if the brands they like are also strong in Europe."
02/17/2013
"Chinese consumers find it reassuring if the brands they like are also strong in Europe."
02/17/2013
The move is the latest instance of banks seeking to bulk up their presence in wealth management.
02/17/2013
The move is the latest instance of banks seeking to bulk up their presence in wealth management.
02/13/2013
Australian investment group on track after wealth management takes a hit
Coppin said the poor wealth management result was largely down to the "poaching" of several high-value advisers by rival stockbroking firm Ord Minnett in the second half of last year.
02/13/2013
The black hole that is wealth management products
Mainland investors are becoming wary of products that 'disappear' after offering juicy returns, the first of a two-part series explains