09/03/2012
The facility will be located at Siam Paragorn, a luxury shopping destination and will offer easy access to Rolls Royce products for customers. It will complement the 2-storey Rolls-Royce showroom already located there.
09/02/2012
ANZ's goal is to become a "super-regional" bank in Asia—it owns a 20% stake in China's Shanghai Rural Commercial Bank, among other regional investments.
09/02/2012
Citi's sales to retail and HNW's up 80% YoY
Net sales of investment products by Citi to individual retail and high-net-worth clients around the region are up 80% year-on-year through July, with over $3 billion of net inflows, the firm says.
09/02/2012
According to the 2011 company accounts filed on Friday by the Bank of China UK: “Adverse developments at the bank’s private banking subsidiary in Geneva require the establishment of an impairment provision of £31.4m against this investme
09/02/2012
Wealthy expats in Asia are being targeted by banks rolling out exclusive credit cards offering high-end perks.
09/02/2012
Citibank first introduced its wealth management service in Korea with ‘Citigold’ brand to customers with 100 million won back in 1991."
08/30/2012
All jokes aside, could the board be considering a potential sale of Macquarie Private Wealth?
08/30/2012
Independent platform provider Wealthtrac has updated their pricing for advisers to address the fee-for-service environment, including lowering the administration fee cap.
08/30/2012
The five major banks report a small decrease in profits in the first half of their 2012 financial years (before tax)
08/29/2012
Anuj Khanna, Pictet & Cie.’s chief executive officer for south Asia, comments on ultra-high-net- worth individuals moving funds to family offices from private banks and disgruntled senior bankers in Asia.
08/29/2012
WEALTH manager Perpetual said the trend in net fund outflows continued to slow in the first two months of 2011-12, after funds under management fell 17 per cent last year.
08/28/2012
Weiss is understood to have been shopping the deal around for about a year, ever since he parted ways with GPG, the Ron Brierley-led corporate investment firm he ran for two decades.
08/27/2012
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.
08/27/2012
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
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
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
New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.
08/22/2012
The new program will offer accountants the three tiers of licensing and additional support services such as monitoring, audit and training.
08/21/2012
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.