08/02/2012
The report also found however that the reporting regime around the donations was opaque and that improved reporting standards and disclosure would lead to better targeted philanthropy and significant reputational enhancement for the companies concerned.
08/01/2012
There are now 1,020,000 millionaires in China–a national record–and 63,500 “super-rich” Chinese.
08/01/2012
As a share of total revenue, wealth management contributed 26%, unchanged year-on-year. OCBC’s private banking business continued to expand, with assets under management growing 20% year-on-year to US$36 billion (S$45 billion) as at 30 June 2012.
07/31/2012
The global banks are allocating more resources to private banking and wealth management in a bid to capture the growing wealth globally and switch to more stable fee-based revenues.
07/31/2012
That makes him a target for wealth managers in Singapore, the private-banking capital of Asia.
07/31/2012
Standard Chartered said in its results statement that it has assisted clients in UK, Europe and the Americas, who are suffering with a debt crisis and government austerity measures, "to access the growth markets of Asia".
07/31/2012
Is gold set to shine once again?
07/31/2012
Barings snaps up South Korean boutique for Asian push
EIAK has a comprehensive asset management license which allows it to offer a full range of products and services to the Korean market.
07/30/2012
Australian Trustees forms Private Wealth Solutions business
The new division would come into effect from the beginning of August.
07/30/2012
Analysts said they are not expecting any major surprises and expect earnings to a be somewhat the same as in the previous quarter.
07/30/2012
As competition for deposits has intensified, Chinese banks — particularly small non-state-owned entities — have been rapidly expanding their WMP offerings, Fitch said in a report released on July 27.
07/30/2012
In challenging conditions marked by increased volatility and greater client caution, UBS continued to execute its strategy and to deliver on its enduring commitment to clients, achieving pre-tax profit of CHF 951 million.
07/30/2012
And the report showed how Chinese individuals with more than 10 million yuan (€1.27 million) broke through the one million mark for the first time, up 6.3 per cent on 2011.
07/29/2012
The richest people on the planet added $15.2 billion to their collective net worth this week as global markets rose on speculation that Europe will move to ease borrowing costs in Italy and Spain.
07/29/2012
Private client stockbrockers are failing to satisfy affluent and wealthy customers
The survey of almost 2000 individuals also found that those using a full-service stockbroker gave the firm only an average score.
07/29/2012
Citing a private bank in Europe, Lim said it had 32,000 high net worth customers in Malaysia as of September 2011 and the number is forecast to grow to 68,000 by 2015.
07/29/2012
Company bosses even expressed confidence that year-end figures would show continued growth.
07/29/2012
But Peter Flavel, the bank's chief executive for Asia, is determined to expand that clientele, setting his sights on the segment just below the ultra-high net worth - that is, catering for account sizes of between US$10 million and US$30 million.
07/26/2012
Singapore's 40 richest are now collectively worth US$59.4 billion (S$74.5 billion), up 9 per cent compared with the previous year.
07/26/2012
Executive vice president Kris Chantanotoke said these trends were increasing in Thailand in line with the rest of Asia-Pacific, driven mainly by growing numbers of new entrepreneurs and business successors.