04/03/2013
World's wealthy see sense in Australia
Another strong market is Dubai, considered a safe haven in the troubled Arab world, while European markets are still suffering.
Wealth and Asset Management
04/03/2013
Hong Kong UHNWIs' Real Estate Holdings Top US$43 Billion
Among assets, real estate continues to dominate Hong Kong UHNWIs' luxury portfolios
04/01/2013
US based lender Announces 64% Growth in Wealth Management Products in China
The disclosure was made by the lender’s Vice President Zhang Qiang at the news briefing on Friday.
04/01/2013
China's suber-rich have become common
The list was topped by beverage magnate Zong Qinghou
04/01/2013
Some private banks in Singapore have established a set of guidelines aimed at protecting themselves from tax criminals
The PBIG guidelines say that when a private bank takes on a new client, staff should determine whether there are any reasonable grounds for suspecting that the funds are proceeds from serious tax crimes.
04/01/2013
Nomura reaches US$1bn AUM in Japan UCITS fund
The election of Prime Minister Shinzo Abe and nomination of new Bank of Japan Governor Haruhiko Kuroda have drawn investor focus back to Japan.
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
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.