09/10/2012
Philanthropy on the rise in Asia
Philanthropic giving has been on the rise in Asia over the past few years.
Wealth and Asset Management
09/10/2012
Citibank continues to expand coverage of affluent in Asia
While a global program, its focus remains on the strong Asian HNW market, emphasizing how important Asia is for wealth managers looking to grow assets under management and how competitive this market is becoming.
09/09/2012
Chinese keep watch on signs of wealth as party preaches austerity
Cases such as the official with several expensive timepieces raise questions about corruption and nepotism, experts say
09/09/2012
World’s Richest Gain $25 Billion as Zong Now Top in China
One of the biggest gainers was Amancio Ortega, who gained $1.3 billion, according to the Bloomberg Billionaires Index.
09/09/2012
BDO Wealth Management team joins Fitzpatricks
He said the decision had been based, in part, on Fitzpatricks' advice approach and the investment management approach via Fitzpatricks subsidiary, Atrium Investment Management.
09/06/2012
MAS launches Giant Pandas Commemorative Coins
Only 3,000 sets are available.
09/06/2012
Private lenders offer little help for sagging SMEs
Entering the 2,300 square-meter service hall of Wenzhou's private lending service center on a Monday afternoon, it was very quiet, with dozens of cashiers sitting in front of computers doing nothing. Only one customer turned up over the next half hou
09/06/2012
SC Bank Korea halves dividend payout after public criticism
The Korean unit of the British banking group, which had been under fire for its planned payments of a high dividend, made the decision at a board meeting on Thursday.
09/06/2012
BDO Wealth Management joins Fitzpatricks
Sidney Lim, former managing director of BDO Wealth Management said that his team had conducted an extensive search for a firm that lived the professional values and standards that his group has delivered for many years.
09/05/2012
Art Futures Group opens online art investment services
Other unique features were specially designed for potential investors with a limited understanding of art investment. One of these is the three-minute guide to art investment which gives a concise overview of the basics of investing in art.
09/05/2012
China Development Bank Hikes Lending to Private Firms in Asia
According to WSJ, though the bank is not charging lower interest rates than its competitors, it is however willing to offer long-term loans for large amounts, which most commercial banks do not offer as it exposes them to heavily to a single client.
09/05/2012
China’s wealthy are having to cope with a 4.94% increase in costs
Hurun Report, the leading authority on wealth in China and publisher of the annual China Rich List, today released the 2012 Hurun Luxury Consumer Price Index (Luxury CPI).
09/05/2012
Family office set up by Walt Disney India to focus on early-stage firms
The family office set up by Walt Disney India chief Ronnie Screwvala, will focus more on early-stage investments in its private equity practice as it looks to back Indian entrepreneurs.
09/04/2012
HSBC shuns niche managers, turns to global
Vineet Vohra, Asia-Pacific head of wealth development, retail banking and wealth management (for clients with up to $5 million with HSBC), says the bank has retrenched in recognition of a need to service clients more effectively and not allow them to be d
09/04/2012
Chinese luxury market: high demands, younger consumers, decelerating growth
China has about 200 million luxury consumers or potential consumers and is regarded as the most promising luxury consumption market in future.
09/04/2012
Merrill Lynch's O'Neill: Fed not about to launch QE3
Last week, the keynote Jackson Hole speech by Fed chairman Ben Bernanke was keenly watched by the markets in case he offered a timetable for the future policy action of the central bank.
09/03/2012
Asian ambition drives Julius Baer’s BofA move
By buying Bank Of America Merrill Lynch’s wealth management arm, Julius Baer has doubled its presence in Asia, but their new unit needs something of an overhaul if it is to become profitable
09/03/2012
Rolls Royce Announces Expansion Plans in Thailand
The facility will be located at Siam Paragorn, a luxury shopping destination and will offer easy access to Rolls Royce products for customers. It will complement the 2-storey Rolls-Royce showroom already located there.
09/02/2012
ANZ Executive Rose Up in Man's World
ANZ's goal is to become a "super-regional" bank in Asia—it owns a 20% stake in China's Shanghai Rural Commercial Bank, among other regional investments.
09/02/2012
Citi's sales to retail and HNW's up 80% YoY
Net sales of investment products by Citi to individual retail and high-net-worth clients around the region are up 80% year-on-year through July, with over $3 billion of net inflows, the firm says.