09/30/2013
StanChart Pte Bank Open to Acquisitions for Growth
Standard Chartered Private Bank is open to growth via acquisitions, as more consolidation is on the cards for the Asian private banking industry
Wealth and Asset Management
09/30/2013
Baird & Co. Opens Singapore Office as Asian Gold Demand Rises
Baird & Co., a U.K. precious-metals dealer, opened an office today in Singapore as physical demand for gold rises in Asia.
09/30/2013
Luxury Yachts Find Asian Buyers as Ranks of Wealthy Swell
Wealth among Asia-Pacific millionaires may top North America’s as soon as next year, according to a report published last month by Cap Gemini SA and Royal Bank of Canada.
09/30/2013
Labuan FSA Signs MoU With UAE, Taiwan Market Regulators
The Labuan Financial Services Authority has signed a memorandum of understanding with the Emirates Securities and Commodities Authority and Taiwan's Financial Supervisory Commission to promote market integrity and efficacy of information exchange.
09/29/2013
Julius Baer to fight $100m lawsuit in Singapore
The plaintiffs’ claim amounting to about SGD 94 million and HKD 186 million
09/29/2013
UBS bootcamp readies private bankers for new front in wealth management
The wealth management industry is in the midst of a paradigm shift, from being about relationships to being about advice
09/25/2013
Hong Kong high-rollers growing fast
A HNWI must have at least US$1 million (HK$7.8 million) in investible assets.
09/25/2013
New wealth firm sets sights on HNW investors
Mr Hamilton said that clients in this market are looking to grow and retain wealth which differs from other areas of the finance market.
09/24/2013
Asia-Pacific HNI wealth reached $12 trillion in 2012
The population and wealth of Asia-Pacific's high net worth individuals increased at double and triple the rates of HNWIs in the rest of the world over the last five years
09/24/2013
Select AM strengthens partnership with MGD Wealth
"The portfolios allow non-institutionally aligned wealth management businesses such as MGD Wealth to compete with the vertically integrated advisory businesses," MGD Wealth director and head of Investment Advisory Stephen Furness said.
09/24/2013
Singapore to outstrip Switzerland as wealth hub by 2020
The Lion City is the fastest growing wealth centre in the world, with the number of millionaires there having doubled in the past five years.
09/24/2013
Barclays to shut wealth management services in 130 countries
“The wealth management landscape continues to evolve at pace,” Peter Horrell, Barclays chief executive officer of wealth and investment management, said in a statement.
09/24/2013
StanChart pumps S$810k into Singapore rugby
SCB first came on board as a sponsor of the SRU in 1997.
09/23/2013
Leading Swiss private bank to exit wealth management for some countries
In other markets including Denmark and Israel, the bank will shut out less wealthy clients and focus on those with balances over 1 million francs, the paper said.
09/23/2013
Report: 'Hidden income' makes China's rich wealthier than thought
The CSER surveyed 5,344 urban families in 18 Chinese provinces. The results suggest the top 10% of households earn nearly 21 times more than the poorest 10%.
09/23/2013
Private Wealth Management Association launched in Hong Kong
As a unified industry association for wealth management practitioners, the Association’s objective is to foster the growth and development of the private wealth management industry in Hong Kong.
09/23/2013
Fixed income "saved wealth management" in Asia
Asia's wealthiest investors turned to fixed income when equities disappointed
09/22/2013
Private Banker International Announces 2013 Finalists for the Annual Global Wealth Awards
Private Banker International the leading journal for the global wealth management industry has announced the finalists for the 2013 Private Banker International Global Wealth Awards, held in conjunction with the 23rd Global Wealth Summit
09/22/2013
Private banking hamstrung by people poaching
Private bankers may be targeting Asia's rising wealthy class, but a shortage of wealth managers has hobbled the industry's growth, spurring companies to poach employees.
09/22/2013
Nedbank Private Wealth names Middle East head
Nedbank Group Ltd., the South African bank controlled by Old Mutual Plc., said it appointed Andrew Bates as head of its private banking unit in the Middle East as the bank targets wealthy clients in the region.