03/03/2013
Beware the mask of deception
The lesson for investors from the compliance failure at Macquarie Private Wealth is that not many of us seem to know what an adviser is required to do.
Wealth and Asset Management
03/03/2013
HSBC bank says 2012 net profit drops 16.5%
Profit after tax had stood at $16.8 billion in 2011, London-headquartered HSBC said in a results statement.
02/28/2013
SEI Study: World's Wealthy Need Advisors to Provide Strategic Advice via Digital Tools
"The Futurewealth Report: Helpful Investment Technologies," which surveyed 3,477 respondents globally with an average $1.9 million in net worth, points to an opportunity for wealth managers to improve the client experience by using technology as
02/27/2013
Maybank wins 8 out of 9 awards for private banking services
"Wealth management is a growing portion of our consumer banking business especially with the rise of the affluent customers segment in this region."
02/27/2013
Maybank Sees Wealth Management A Growing Part Of Consumer Banking
Maybank bagged eight out of nine awards related to private banking services in a oll by Euromoney.
02/27/2013
Gates Foundation’s 2-way philanthropy in China
Many international philanthropy organizations besides the Gates Foundation have adjusted their China strategy in recent years.
02/27/2013
RBC Wealth Management net income up 24%
Net income of $2,070 million (up 8% from $1,911 million)
02/27/2013
London mayor says EU bank bonus cap helps New York, Singapore
Bankers in Europe face a cap on bonuses as early as next year, following a provisional agreement in Brussels to introduce what would be the world's strictest pay curbs.
02/27/2013
India budget surprises with spending surge, wealth tax
Stocks, bond prices and the rupee all fell despite Finance Minister P. Chidambaram's vow to cut next year's fiscal deficit
02/27/2013
Private banks see AUM surge as Asian wealth keeps growing
In the meantime, Asia's powerful economies continued to churn out thousands of new millionaires.
02/26/2013
Serial entrepreneur couple set up family office
They are the latest among Bangalore's first generation entrepreneurs to start a family office
02/26/2013
Singapore's United Overseas Bank Q4 net profit up 25 pct
"This set of results represents a very positive end to 2012. We achieved record profits, record fees and record contribution from our key regional markets," UOB's chief executive officer Wee Ee Cheong said in a statement on Wednesday.
02/26/2013
NAB makes top 20 in world’s safest banks list
The US-based magazine assembled the list based on a comparison of long-term credit ratings from Moody's, Standard & Poor's and Fitch Ratings, as well as the total assets of the 500 largest banks in the world.
02/26/2013
Standard Chartered in talks to buy Morgan Stanley India wealth unit
The sale of the unit underscores a growing trend of consolidation in Asia's wealth management industry as private banks struggle to earn profits in the face of rising regulatory costs and wafer-thin advisory fees.
02/25/2013
Sovereign Wealth Fund plan scrapped
The most vocal resistance came from the Finance Ministry
02/25/2013
Ex-AIA broker eyes wealth management
Group president Patchara Vangvongvit said the financial requirements of customers, especially of younger generations, in the past few years had opened the door for the wealth-management business.
02/24/2013
RBI Sets Guidelines For ‘Wannabe’ Private Banks Entering Indian Market
The new guidelines give confidence to non-banking corporates who may want to enter the market.
02/24/2013
68,000 high net-worth individuals in Malaysia by 2015
The wealth management industry was the fastest-growing financial services sector in Malaysia and South-East Asia.
02/24/2013
BOC sets sights on private banking expansion
It comes as BOC points to a trend of Chinese high-net-worth individuals switching from foreign private banks to domestic firms
02/24/2013
Australian wealth management and accounting firm in merger talks
The acquisition would see it broaden its services to its clients, adding 55 advisers and accountants to the SFG network and a further $606 million in funds under management.