Wealth and Asset Management

03/28/2012

Citigroup Study Shows Asian Rich Topping North American

The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citigroup Inc.’s private bank said.

03/28/2012

Citigroup Study Shows Asian Rich Topping North American

The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citigroup Inc.’s private bank said.

03/28/2012

RBC Pushes to Double Wealthy-Client Assets in Emerging Markets

Royal Bank manages about $20 billion for customers living in those markets through local offices and wants to expand that to $50 billion, Barend Janssens, head of wealth management in emerging markets for the Toronto-based lender, said today in an intervi

03/28/2012

China's sovereign wealth fund eyes investments in Ireland

A subsidiary of China's sovereign wealth fund yesterday signed a memorandum of understanding with Dublin's debt agency to explore investment opportunities in Ireland, but gave little detail on what it might be interested in.

03/27/2012

Banks Offer Perks With Asian Touch to Clients

Add to Portfolio * Go to your Portfolio » Offering a platform of products tailored to the needs of Asian clients, who naturally tend to favor Asia-centric products, is a must, of course.

03/27/2012

Evolution towards a global asset manager

Temasek Holdings, the smaller but more visible of Singapore's two sovereign funds, is moving into a new phase with its investment strategy, and could look more like Blackstone Group, another $160 billion institution, which has grown from a focused pr

03/26/2012

Is Hong Kong Asia's Next Trust Centre?

Historically, setting up private trusts offshore has been a preferred vehicle for Asia’s wealthy families and individuals to manage their assets as they crave the discreetness and protection that offshore trust laws offer in times of war or major li

03/26/2012

Singapore aims to become non-profit hub

Singapore has long courted international banks and companies in its drive to become a financial hub but it is also wooing a very different sector: non-profit groups including campaign charities.

03/26/2012

Major product changes ahead for planners

Product providers are reassessing their offerings to the independent adviser market, according to ANZ Wealth, with new strategies under development to address massive issues.

03/26/2012

Australia’s Richest Query Private Equity Morals

It’s rare that questions of honor are raised in the buyout industry. But according to Tom Murphy, who manages investments for as many as 40 of Australia’s richest families, it’s time they were.

03/23/2012

There's more to gold than meets the eye

What this means is that investors - whether retail traders, gold exchange-traded funds (ETFs), or private banking clients - will soon be able to trade and store their gold in Singapore free of GST.

03/23/2012

Asian Banks Go Bargain Hunting

Roughly $96 billion in assets ranging from entire businesses to portfolios of loans, have been put up for sale, a banker who has been pitched the deals in Asia said.