Managers of Wealth Asia Pacific

Clyne suffers $1m pay cut but Big Four CEOS still take home $36m-plus

National Australia Bank chief executive Cameron Clyne has taken a pay cut to $7.8 million.

Investec launches into financial adviser lending market

Specialist bank Investec Australia has entered the niche financial adviser lending market with the launch of a new tailored banking offering.

Investec launches banking products for advisers

Investec Australia is tapping into the financial planning sector with the launch of a personal banking offering for advisers.

Alibaba helps make China's largest fund

The fund, with more than 29 million buyers so far, saw its asset scale sales exceed 100 billion yuan on Thursday, the Shanghai Securities News reported on Friday, citing data from Tianhong Fund.

UAE-based advisory firm Acuma to expand into Hong Kong

United Arab Emirates-based wealth management company Acuma will officially launch in Hong Kong next week and plans are being made to expand across the Asia-Pacific region.

ANZ executes strategic alliance with leading Swiss bank

Full capabilities are expected to be made available to clients in 2014.

Sy's China Bank beefs up wealth management unit

China Bank SEVP & chief operating officer Ricardo Chua said the Sopra Banking for Wealth Management suite--Sopra's first software deal in the Philippines--will help China Bank streamline client information.

Guernsey makes presence felt in Singapore ahead of China visit

Guernsey has been making its presence felt at the STEP Asia conference in Singapore this week, ahead of a major visit to China by senior delegates from the island.

Transaction-based fees hurt private banking clients

Credit Suisse's Asia Pacific head of private banking Francesco de Ferrari has criticised the industry's commonplace transaction-based fee structures for not being in clients' best interests.

DeVere’s Green expanding Acuma operation into HK

The DeVere Group’s founder and chief executive is to expand the Acuma wealth management operation he bought earlier this year into Hong Kong next week

Financial services job market picks up

But the year in general has been fairly quiet for new opportunities, especially before July for financial planners who sat tight awaiting the FoFA reality, says Taylor.

Business families in Southeast Asia keen on preserving wealth

Show faith in next generation taking management control: survey

Hong Kong Must Develop Itself as Regional Fund Management Hub, Says BlackRock Chief

BlackRock, the world’s biggest money manager, said Hong Kong needs to speed up its development as a regional fund management hub for Asia

Private Banks Warm to Outsourcing: Crédit Agricole

This is down to growing regulatory pressure and costs

Standard Chartered cuts target as growth slows and regulation bites

Standard Chartered has been one of the best performing banks over the last decade, trebling in size and delivering compound annual income growth of 15 percent

Hong Kong Luxury Property Prices Choked by Tightening: Mortgages

The slowing price growth in high-end apartments is the first sign that efforts to temper rampant speculation that has fueled a surging housing market are working even as it stings luxury developers and potential homebuyers.

Pay Raises for Bank Risk Officers in Asia Trump New York

Salaries for banks’ risk and compliance officers in Singapore and Hong Kong rose at about twice the pace of pay for similar positions at New York and London firms amid a shortage of skilled staff members

PNB appoints banks for merger

The plans were at an early stage and PNB hadn’t made a final decision on whether to list the properties

UBS Australia to launch family office service

The GFO will offer a range of products and services, including discretionary and advisory portfolio construction advice, philanthropic advice and execution across equities, fixed income, cash and alternative asset classes.

KAF Banks on Wealth Management Business

KAF, currently relying on brokerage business, has placed emphasis on wealth management as the way forward to diversify its business

Wealth and Asset Management