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).
05/03/2012
Brown Shipley has launched a private banking service catering exclusively for South Asian customers living in the UK and abroad.
05/03/2012
China Investment Corporation didn't disclose the exact amount of the fund, nor the industriesthe money may be injected into.
05/03/2012
Wealth-X Releases Latest Indonesian UHNW Figures
Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has released a report on the UHNW population in Indonesia at an event in Jakarta.
05/03/2012
-First quarter revenue jumped 32% on the year to EUR3.03 billion.
05/02/2012
Over the past month, Singapore played host to the Singapore Yacht Show and Boat Asia; both focused on showcasing million-dollar boats luring wealthy buyers to Southeast Asia’s increasingly crowded marinas.
05/02/2012
Net new money inflows in the wealth management businesses more than doubled to CHF 10.9 billion.
05/02/2012
Standard Chartered said on Wednesday its first-quarter income grew less than its previous 10 per cent target, as the strength of the US dollar against Asian currencies impacted income growth.
04/30/2012
Standard Chartered hit the headlines in March when its annual report revealed the $92m remuneration figure.
04/27/2012
MACQUARIE Group has sacked more than 1300 staff after revealing one of the bank's worst profit performances since the GFC.
04/27/2012
"DBS continued to build its Asian franchise with good growth across its regional markets," CIMB's head of research Kenneth Ng said in a note to client.
04/26/2012
The annual report can be accessed on Noah's investor relations website at http://ir.noahwm.com/ .