04/02/2012
Why China's Rich and Russia's Rich Share Many Traits
While in terms of their current geopolitical interests, histories and cultures, Russia and China are vastly different, their super-rich share many common traits.
Wealth and Asset Management
04/02/2012
Citi's Duttagupta on Asian Wealth, Investor
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, Citi said today in the report published in pa
04/02/2012
What rich Asian women want for their money
Starting today, StarBizWeek features a column on personal finance called Money & You, which will focus on money matters as they relate to YOU. Our two writers will take turns every fortnight to shed light on personal finance matters.
04/02/2012
RBC Wealth Management Wants You
The broker wars of 2012 are heating up as a foreign invader tries to crack the U.S., Asian, British and Latin American markets.
03/30/2012
Local banks' bonuses outshine foreign ones
DBS which posted record profits for 2011 on average paid higher bonus than last year, said DBS spokeswoman Karen Ngui.
03/30/2012
New silk route to Singapore
Every year, hundreds of Chinese private bankers gather in Hongqiao, a nondescript corner of smog-shrouded Shanghai, to learn the basics of wealth management.
03/29/2012
Pursuit of real estate by rich lifting up Hong Kong prices
It found that the prices of high-end properties in Hong Kong have increased at a 60 percent compound annual rate since 2009.
03/29/2012
Hong Kong private bankers seek less red tape
Hong Kong’s private banking industry is in talks with the government and regulators seeking the removal of some red tape and compliance requirements implemented after the financial crisis, to help it sell products to more of the region’s multi
03/29/2012
DBS Pays CEO Piyush Gupta S$8.08 Million on Record Net
Conner will retire as CEO next month after a decade running OCBC. He will be replaced on April 15 by Samuel Tsien, who has run the bank’s global corporate bank since 2007.
03/29/2012
Societe Generale Private Banking and Forbes Insights analyse global wealth and family ties
The study analyses over 1,200 of the world’s largest fortunes with a minimum net worth of 210 million US dollars, in 12 countries or regions: Brazil, China, France, Germany, Hong Kong, India, Mexico, the Middle East, Russia, Singapore, the United Ki
03/28/2012
Wealth managers step up FOFA contact
A number of Australian wealth managers have stepped up the level of communication with their financial advisory network in light of the passage of the federal government's advice reforms.
03/28/2012
Bentley or $570,000 Rolls? The Choice of Newest Maharajas
Their expansion illustrates the growing affluence of the burgeoning rich in India, where super-luxury vehicle sales are expected to quadruple by the end of the decade.
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
Private banking is huge but banks mustn’t overlook common folk
Private banking is now big business.
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