05/10/2012
Mainland-Chinese customers generate roughly one-third of Gucci and Prada’s world-wide sales, he added, and it’s not uncommon for rich Chinese to spend one-quarter of their disposable income on luxury goods.
05/10/2012
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
05/10/2012
Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has unveiled detailed information on nearly 700 global single family offices representing over $1 trillion of assets under management.
05/10/2012
Noah Holdings Limited, the leading independent service provider focusing on distributing wealth management products to the high net worth population in China, today announced its unaudited financial results for the first quarter of 2012.
05/10/2012
A new luxury website and social media activity targeting Indonesians interested in travelling to premium destinations have today been launched by Auckland Airport as part of its Ambition 2020 initiative, designed to grow greater value from international a
05/10/2012
Adviser interest in NAB Wealth remains strong and led to an 8.7% increase in aligned advisors since March 2011.
05/10/2012
Over the past two years Wang Wei and her husband Liu Yiqian dropped a reported $317 million on their hobby.
05/10/2012
Australia’s major banks (the majors) continue to perform well on the global banking stage, but their results show they are not immune from interconnectedness with global funding markets and the structural change the new regulatory environment demand
05/10/2012
Some say blood is thicker than water. In the case of Singapore's super-rich, it goes beyond mere rhetoric.
05/09/2012
China agreed last week to let foreign investment banks raise their stakes in domestic joint ventures to 49 percent from 33 percent, and to shorten the qualification period for a trading license to two years from five.
05/09/2012
U.S. Millionaires Told Go Away as Tax Evasion Rule Looms
It means additional compliance costs for banks and fewer investment options and advisers for all U.S. citizens living abroad, which could affect their ability to generate returns.
05/09/2012
Private investment banking overshadows asset management
That is the view of Francesco de Ferrari, Asia-Pacific head of private banking for Credit Suisse, who is faced with tripling the size of the business in a testing climate and a competitive landscape.
05/09/2012
Wang and billionaire investor Liu are part of a new generation of wealthy Asians that is better known for splashing out on extravagant toys
05/08/2012
This is also corroborated by Swiss private banking group Julius Baer who projects India’s HNI population to more than double to 4,03,000 by 2015. It is clear that there will be several “wealth management teams” that will salivate at this
05/08/2012
The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”, who are expected to generate 80 per cent of net new r
05/07/2012
AMP is on track to meet its deadline to integrate the giant wealth management business with Axa Asia Pacific (APH) by early next year after a protracted three-year takeover saga.
05/07/2012
“There is a lot wealth that the bank can manage, and the Philippines growth trajectory continues to move upwards,” he said.
05/04/2012
A study covering nine Asian markets described rich Malaysians as ambitious and aggressive in growing their wealth, with 75% aiming to be worth about US$4mil (RM12mil) within the next 10 years.
05/04/2012
Funds for projects ranging from direct support of artists to acquisition of works and related community development projects accounted for $5.28 million of the $23.2 million in grants to organisations from clients of the multi-family office last year.
05/03/2012
This new partnership, which also includes the annual Asia-Pacific Wealth Report, combines the strengths of both firms to examine the key drivers of wealth creation and the global trends impacting high net worth individuals (HNWIs).