Managers of Wealth Asia Pacific

Alibaba launches new wealth management product Zhaocai Bao

Industry sources said that Alibaba is building an operational line

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.

DBS-SG deal could spark trend: Scorpio

DBS’s purchase of Société Générale’s Asia private banking business could presage similar east-west tie-ups, says consultancy Scorpio Partnership.

DBS Bank donates $25 million to National Gallery Singapore

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.

Financial assets may be part of wealth tax

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.

Private bank M&A set to continue in Asia

It is in line with the stated aspirations of many of Asia’s regional banks.

Infocus declares the future is bright as it reclaims its independence

InFocus Wealth Management was ready to comply with the full measure of the Future of Financial Advice reforms on July 1 last year.

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

Nordea gains license to access China A-Share market

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.

'Shanghai's Hutchison Whampoa' acquires 19.2% of German Private Bank

The investment was done by injecting about €98.5 million ($135.7 million)

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.

Westpac leads on wealth cross-sell

Westpac leads the other big four banks when it comes to cross selling wealth management products

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.

Top 10 wealth management mistakes

The essence of wealth management, as most managers would tell you, is distinct from portfolio management

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.

Krungsri adapts wealth management strategy

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.

BAY keen on provincial wealthy

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.

Wholesale banking licence for EFG in Singapore

Swiss private bank EFG has been awarded a wholesale banking licence in Singapore, allowing it to accept Singapore dollar (SGD) deposits.

OneVentures launches second fund for HNWs and instos

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.

Patni brothers to strengthen advisory firm's family office services

The partnership platform will offer family offices solutions to clientsThe partnership platform will offer family offices solutions to clients

Wealth and Asset Management