10/16/2012
Asia's financial industry set to grow
These segments include trade finance, cross-border corporate lending, capital raising in the equity and debt markets, as well as wealth management
Wealth and Asset Management
10/15/2012
Citigroup looks to Asian deal activity
Vikram Pandit said Citigroup should reap benefits from acquisition-hungry Asian companies while a solution to the US “fiscal cliff” would unleash pent-up demand in the US.
10/14/2012
Leading Swiss Private bank to slash 10,000 jobs
Swiss newspaper Tages-Anzeiger, citing internal documents, reported the bank plans to lay off almost a quarter of its 8,200 staffers in the IT department. It says that is likely to be followed by wider cuts, possibly affecting a fifth of the company'
10/14/2012
Maybank's fund unit seeks foothold in Asia
"Our aim is to set and strengthen our foothold in Asean and eventually Asia-wide
10/14/2012
EFG International seeks to boost its presence in Asia
Meanwhile, the bank has been unwinding operations in other markets as part of its restructuring plans
10/14/2012
India sends out wealth-gap warning to Asia
China, a BRICS nation, will release a list of third-quarter economic data this week.
10/14/2012
Royal Bank of Canada targets Asian wealth
RBC Wealth Management, the world's sixth largest wealth manager by assets under management, is seeking small to medium-sized asset managers in Asia, and plans to more than double client manager numbers by 2015.
10/14/2012
Why You Should Worry About China’s Wealth Management Products
Wealth management products, or WMPs, might be the best thing that ever happened to Chinese savers.
10/11/2012
Morgan Stanley Wealth Management continues adviser expansion focus
Following the company's joint venture with Citibank in June 2009, Morgan Stanley Wealth Management has added 45 advisers to its network and plans to continue building.
10/11/2012
Bank of China executive warns of shadow banking risks
A senior Chinese banking executive has warned against the proliferation of off-book wealth management products, comparing some to a Ponzi scheme in a rare official acknowledgement of the risks they pose to the Chinese banking system.
10/10/2012
Liechtenstein-based Bank denies Asia pull-back rumours
Nevertheless headhunters in Hong Kong and Singapore confirm departures, with seven recently recruited relationship managers having exited only this month.
10/10/2012
Swiss Private Client Firm To Open In Singapore
SJS Capital Management is part of SJ Seymour Group (SJS Group), an independent financial services company providing research, advisory, execution services and private wealth management solutions. SJS Capital Management focuses exclusively on servicing the
10/09/2012
Banks Chasing Asian Millionaires Create Singapore’s Canary Wharf
Singapore’s Marina Bay area is emerging as the city’s new financial hub
10/09/2012
Top 11 property tycoons in China 2012
Among the ten richest property developers of this year, only three managed to increase their wealth.
10/09/2012
Wealth down, but S'poreans are the world's eighth richest
The Credit Suisse Research Institute today released its third annual Global Wealth Report 2012, which finds that from mid-2011 to mid-2012 aggregate global household wealth fell by 5.2% in current dollar terms to USD 223 trillion due to the economic uncer
10/09/2012
Expat Wealth Heads to Southeast Asia
Southeast Asia has come to the fore as a leading destination for expat earning potential according to the latest findings from HSBC Expat's Expat Explorer survey.
10/08/2012
ING Vysya Bank rejigs retail banking management
Bank has appointed Brett Morgan as the new Country Head, Branch Banking, Marketing & Private clients
10/08/2012
Swiss manager exceeds $1bn in Aus assets
The global manager said that the growth was driven by growing demand from Australian institutional investors for its 'Quality Growth' equity strategy.
10/08/2012
Where Do the Wealthiest Expatriates Live?
A small island state in Southeast Asia has come out tops in a listing of countries that boast of the richest expatriates.
10/08/2012
Luxury Brand Image In China: Avoiding The Risk Of Trivialization
As some top luxury players (e.g., Louis Vuitton) continue to invest in opening physical locations and branching out into new luxury segments, others (e.g., Hermès) have made retaining their uniqueness and rarity a key strategy.