Managers of Wealth Asia Pacific

Singapore DBS Q3 profit up 12 pct

The bank's net profit surprisingly exceeded its second-quarter figure as well, bolstered by strong fee and commission income amid gains in investment banking and wealth management.

Soft luxury faces up to hard times

Do brands diversifying into watches and jewellery risk diluting their image?

Bank of New Zealand cash earnings see double digit jump

BNZ CEO Andrew Thorburn said: "This is a strong result for BNZ, underpinned by sound fundamentals, and ensures BNZ can go on making a very significant contribution to the New Zealand economy.

Tata MF plans realty fund, to target HNIs

Tata Mutual fund will use its network to tap high net worth investors across the country

Chinese Private Banking Report 2012 - RESEARCH

China is Asia’s most important high-net worth (HNW) market contributing to over 50% of the region’s growth by 2015.

HSBC restructuring wealth management business in India

HongKong Shanghai Banking Corp is restructuring the consumer banking and wealth management business of its India operations, a top executive told ET.

ABN Amro back from the brink

“The new bank focusses on being a universal banking model in the Netherlands.”

NAB profits dip $1.1bn, adviser numbers rise

NAB has announced an annual profit decrease of 21.8%, but its wealth division has proven to be one of the year’s star performers.

Brand new Wealth Management Centre now in service

To meet the diverse needs of customers, the high net-worth customers in particular, the Centre provides a comprehensive range of professional and premier Wealth Management services.

Asia’s souring debt a threat to StanChart magic

This comes as bad debt levels begin to rise from near record lows across Asia.

Why private banks, asset houses must build a bridge

Senior distributors recognise the need to drive fund penetration in Asia. The big question is how they can work together more efficiently to make the industry more appealing.

UBS' 10000-job cut plan to hit India

UBS AG, Switzerland’s biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti scales back the investment bank to focus on wealth management.

UBS Australia escapes global staff axe

UBS Australia has escaped the purge of global employees by the Swiss lender, with no local jobs expected to go in one of the biggest culls of banking jobs since the implosion of Lehman Brothers in 2008.

Investors are too focused on executive pay: BlackRock

“I think pay takes up a disproportionate amount of boards' time,” BlackRock's head of corporate governance and responsible investment for Asia Pacific, Pru Bennett, said, according to The Australian.

Standard Chartered profit up

Asia-focused bank Standard Chartered Plc said its operating profit grew by a mid-single digit rate in the first nine months of the year, keeping it on track for a 10th straight year of record earnings.

Monaco Tops First Ultra High Net Worth Wealth Density List

Wealth generated in countries rich in natural resources helped three countries stake their claims with Kuwait, Norway and Brunei taking their places among the top 10.

Swiss private banks feel heat from the east

Switzerland, which has built up a reputation for financial discretion through its system of private banks, could lose this dominance to the Asia-Pacific region by 2020, according to a new report.

The Best Banks In The World Broken Down By Category

For its 2012 list of the World's Best Banks, Global Finance choose winners in 12 categories ranging from best investment bank to best Islamic Financial Institution.

UBS Plans 10,000 Job Cuts, Investment Bank Shrinks

Switzerland’s largest bank, will cut as many as 10,000 jobs companywide as the trading business shrinks

Family offices bet their funds on start-ups

Family offices, as deep-pocketed as the venture capital firms

Wealth and Asset Management