10/16/2023
Citi: Hong Kong HNW Population Shrinks Again
The survey was based on interviews with 1,700 individuals aged between 21 and 79 from October to December 2022 and from April to June 2023.
Wealth and Asset Management
10/16/2023
How Wealth Managers Should Weigh Up the Value Proposition of the Investment Platform and Wealth Service Providers
The degree of importance of each component may differ for each client, so finding the right provider that matches the client’s expectations will ultimately result in trust gained.
10/16/2023
Charles Russell Speechlys formally launches its Private Office
This new pioneering initiative will cater for the changing demands of global private capital clients, entrepreneurs, families, and their businesses.
10/13/2023
Geneva Private Bank Accelerates Asia Hiring
The Geneva-based bank, owned by the de Picciotto family, manages about $153 billion in assets, 14 percent of which are in Asia.
10/12/2023
UBP to boost Asia wealth management headcount by 50% in 2023
UBP wants to continue to grow clients in both North and Southeast Asia regions
10/10/2023
Citigroup to sell China consumer wealth business to HSBC
The consumer banking business mainly served rich clients with deposit, fund and structured product offerings.
10/10/2023
Pessimism reigns across the wealth management industry
After a difficult 2022, wealth management profitability is on track to see further declines in all regions in 2023.
10/09/2023
Hong Kong Wealth Firms’ Gloom Spreads With Drop in Assets
Concern over geopolitical tensions jumps among wealth firms
10/09/2023
Hong Kong's Private Wealth Managers Brace for Slower Growth Amidst Global Challenges
The report highlights that challenging external factors, notably the macroeconomic environment and market volatility, continue to be the primary concerns for the industry.
10/06/2023
Hong Kong’s Wealth Managers Expect Lower AUM Growth in Five Years
The number is higher than only 8 percent of wealth managers in a survey in 2022.
10/06/2023
DBS and Univers partner to scale digital solutions for net zero across Asia
Technologies introduced to improve measurement and management of emissions for SMEs
10/04/2023
UBS Launches Digital Structured Products in Asia
Users can access structures linked to 1,500 underliers across major equity markets and confirm trades within minutes.
10/04/2023
Brazil and China show emerging markets’ diverging fortunes
One of the key setbacks for emerging economies this year has been China, where historical rebounds in domestic demand have lifted others’ industrial activity.
10/04/2023
KENDRIS – Accredited by DIFC Family Wealth Centre
The DIFC Family Wealth Center is a one-stop shop for global and regional family business structures, ultra-high net worth individuals (UHNWI) and private wealth management.
10/02/2023
Singapore Banks Tighten Scrutiny
Singapore authorities are tightening due diligence across the financial sector after the scandal exposed in August 2023.
09/29/2023
HSBC to acquire Citigroup China consumer wealth business
The deal could be announced as soon as next month, the two sources said
09/29/2023
Another 100 Credit Suisse staff to move to UBS Singapore office in October
Colocation efforts are also planned for UBS's offices in Hong Kong and Japan.
09/28/2023
UBS and ICBC Explore Banking and Wealth Management Collaborations
Under the memorandum of understanding, UBS and ICBC will explore potential partnerships in asset management, wealth management, investment banking, and corporate banking.
09/27/2023
VP Bank: Wealth Transfer is Fueling Intermediaries Growth
Asia is undergoing a historic transfer of wealth from one generation to the next.
09/26/2023
Schroders Capital Expands Private Equity Capabilities in Singapore
She will work closely with David Bajada, Investment Director for Private Equity at Schroders Capital, as well as the broader Asian private equity team.