04/01/2013
DBS CEO’s $7.5 Million Exceeds Pay for Deutsche Bank Bosses
DBS Group Holdings Ltd. boosted Chief Executive Officer Piyush Gupta’s total compensation by 15 percent to S$9.3 million ($7.5 million) last year
Wealth and Asset Management
03/31/2013
Citic Bank Nonstandard Investments Exceed Limit
State-controlled Citic is only the second major Chinese lender
03/28/2013
UOB aims double wealth management clients
The bank's customer base currently stands at 750,000, of which 10 per cent are in the wealth management segment.
03/26/2013
Nerine develops domestic trusts for India
Nerine was the first independent trust company to open an office in India
03/26/2013
China Tightens Regulations on Wealth Management
Wealth management products are a form of high-interest deposit that banks and other financial institutions offer to clients, using the proceeds for various kinds of lending and investment.
03/24/2013
Asset management spun off from insurance arm
There was a time when it (Maybank Asset Management) was parked under the insurance company to be nurtured
03/24/2013
World’s wealthy people shed $15b
The biggest loser was Larry Ellison
03/21/2013
JP Morgan Private Bank rebalancing Asia staff
The firm has doubled regional headcount in the past three years, with the main focus on building its Singapore presence to a level similar to that in Hong Kong.
03/20/2013
China Enters a “Golden Period” for Private Banks
Nick Yim, Goldman Sachs’ head of China Market, Private Wealth Management, spoke to The Wall Street Journal about the opportunities and challenges of the Chinese market.
03/20/2013
Gone, gone, Gonet! - 167-year old Swiss bank
Perhaps a telling indicator of the pressure boutique banks in the region are facing.
03/19/2013
Banks beefing up services to SMEs
Local banks have been helping Singapore SMEs expand into the region over the past decade.
03/19/2013
India's billionaire club slow to share riches
But analysts say the upturn in giving as more Indians get seriously rich is going at a snail's pace.
03/18/2013
Queen’s Bank Woos Wealthy Chinese
The bank currently employs 500 people in its Singapore and Hong Kong offices providing a range of services to exclusive clients including wealth management.
03/18/2013
netwealth launches national advice group
Each business will retain its own brand and general managers who will report directly to Micallef.
03/18/2013
Bank of Queensland wins private banking award
Smart Investor credits BOQ as being "the only bank outside the big four with a serious focus on servicing high-net-worth clients".
03/17/2013
Singapore-based banks under pressure to hire more locals
Singapore, a small island-nation with few natural resources, has historically been welcoming of foreigners who tended to take up lower-paying jobs that were not popular with locals.
03/14/2013
Northern Trust Wins 'Best Client Servicing Award'
Northern Trust won the 2012 award based on product innovation, strategic investment in people and technology as well as service excellence.
03/13/2013
Private bank doubles staff to tap into China's vast wealth
Last year this figure was 96, highlighting how fast wealth is being created in the Middle Kingdom. In addition, China has more than one million millionaires.
03/12/2013
French asset manager looks to Hong Kong and Asia
The French fund house, which aims mainly to sell its wealth management products, opened its office in Hong Kong in early November last year.
03/12/2013
Singapore still a top choice of high net worth individuals
The survey of individuals with at least US$30 million in net assets