08/20/2012
“There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.
08/20/2012
Many luxury brands reaped huge success in Korea apparently thanks to price increases and cutting down commission fees for the nation’s major department stores.
08/19/2012
And it's not just billionaires loading up on the yellow metal.
08/19/2012
A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.
08/19/2012
ClearView on Monday booked a net profit of $22.3 million for the 12 months to June 30, 2012, up 158 per cent on the prior year's profit of $8.67 million.
08/19/2012
Omniwealth has decided that it will acquire an accounting firm, rather than hire accountants and grow the division organically.
08/15/2012
This figure is no doubt bolstered by the staggering number of millionaires in the city-state, which Knight Frank and Citi Private Wealth predict will only keep growing.
08/15/2012
In a statement released on Wednesday, Standard Chartered Bank Singapore's chief executive officer Ray Ferguson said it has been "business as usual" for its operations, though some customers have raised concerns about recent developments sur
08/15/2012
Overall, the NAB statement noted that, on a statutory basis, unaudited net profit attributable to the owners of the company for the June quarter was approximately $1.2bn.
08/14/2012
The Swiss lender has only one branch in India and is known more for its investment banking, fixed income and currency trading business in India.
08/14/2012
According to a new list that tracks China’s young and wealthy, none of the wealthiest people born after 1980 graduated from Peking University or Tsinghua University, China’s top two universities.
08/14/2012
That’s the message from Bloomberg, which has spotted a trend in private banking in the region that has led to a weakening of the already limited grip global banks including Credit Suisse and Citigroup have on the Asia’s private wealth.
08/14/2012
The solution suite also helps financial institutions improve staff productivity through better workflow management and helps improve cost control and operational efficiency for better profitability management.
08/13/2012
The People’s Republic of China now has the second largest economy in the world, with more than 1m millionaires.
08/13/2012
Julius Baer's acquisition of the loss-making unit means that about half of all the Swiss bank's clients will be in faster-growing emerging markets - chiefly Asia but also Latin America and the Middle East - up from around one third now.
08/13/2012
A family office is a professionally run private organisation or entity that helps to administer a family’s wealth.
08/13/2012
It enables smooth succession, disposition and protection of one's assets with all family members' needs in mind
08/13/2012
Myanmar Apex bank, Myanmar Oriental bank, Co-operative Bank, Asia Green Development Bank and Kanbawza Bank will all offer the service.
08/13/2012
Credit Suisse announced today the opening of its new office in Osaka, adding to its existing Tokyo and Nagoya offices.
08/13/2012
The Osaka office is located at Hilton Plaza West Tower 16F, 2-2-2 Umeda, Kita-ku and houses Credit Suisse’s employees dedicated to serving its Private Banking clients in Osaka and the Kansai region.