08/27/2012
IRESS Australia posts $25.8 million half-year profit
The financial markets division profit is down 4 per cent on the previous result, and the wealth management result is up 10 per cent compared to the first six months of 2011.
Wealth and Asset Management
08/27/2012
Opportunities abound for wealth managers in Asia
With the rising level of entrepreneurial wealth in Asia, it may be timely for these investors to note some of the recommendations and ask additional questions to the private banker of their choice.
08/26/2012
Deutsche Bank turns screw on bonuses
Pay consultants expect the use of clawbacks to rise sharply this year following a string of recent banking scandals, including the manipulation of Libor and anti-money laundering failures.
08/23/2012
Leading private bank adapts defense play in Asia
Their preference for high quality bonds in the first half of 2012 spurred Coutts’ performance, and corporate bonds will remain an effective global hedge.
08/23/2012
Bank of East Asia H1 profit increases
Total assets as of June 30, 2012 were HK$641.49 billion, compared to HK$598.94 billion as of June 30, 2011.
08/22/2012
Record Profit Nets Jiang $308,000 Versus Dimon’s $23 Million Pay
New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.
08/22/2012
Premium Wealth creates accountant licensing program
The new program will offer accountants the three tiers of licensing and additional support services such as monitoring, audit and training.
08/21/2012
Banking reform debate should focus on active supervision of banks, says DPM Tharman
Mr Tharman, who's also Finance Minister and Chairman of the Monetary Authority of Singapore, was speaking at an event to celebrate Citigroup's 200th year in business.
08/21/2012
Wealth management a tough play for big banks
These days wealth management contributes less than 8 per cent of CBA's group earnings, less than half its relative contribution before the global financial crisis.
08/21/2012
Alliance sees rich pickings in wealth management
Alliance Bank consumer banking head Ronnie Lim said since the opening up of the financial market in 2005, from merely simple mutual fund products to new products such as treasury, equity linked, dual currency and foreign currency funds, the sector has bee
08/21/2012
Barclays expands Singapore private banking team
Barclays today announced that it has set up an Independent Asset Managers team in Singapore, as it continues to capitalise on market opportunities in Asia, and further grow its private banking business in the region.
08/21/2012
78% of Aussie finance workers are considering quitting
Almost four out of five workers in the Australian finance sector are considering moving into an alternative industry.
08/20/2012
China’s Hottest Wheels For Executives
The Detroit-based automaker did so poorly in minivans that it quit making them in the U.S., where they are often considered the least-glamorous family haulers, spurned by moms who prefer the style of a sport- utility vehicle.
08/20/2012
UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy
“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
Foreign luxury brands donate little despite booming sales
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
Billionaires load up on gold
And it's not just billionaires loading up on the yellow metal.
08/19/2012
Pictet dismisses M&A as disruptive
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 books flat underlying net profit
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 to acquire accounting firm
Omniwealth has decided that it will acquire an accounting firm, rather than hire accountants and grow the division organically.
08/15/2012
The World’s Richest Country
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.