07/30/2012
S'pore banks to report sequentially lower Q2 profits
Analysts said they are not expecting any major surprises and expect earnings to a be somewhat the same as in the previous quarter.
Wealth and Asset Management
07/30/2012
China's banking sector faces increasing risks
As competition for deposits has intensified, Chinese banks — particularly small non-state-owned entities — have been rapidly expanding their WMP offerings, Fitch said in a report released on July 27.
07/30/2012
UBS confident in net new money despite challenges
In challenging conditions marked by increased volatility and greater client caution, UBS continued to execute its strategy and to deliver on its enduring commitment to clients, achieving pre-tax profit of CHF 951 million.
07/30/2012
Millionaires reach the million mark
And the report showed how Chinese individuals with more than 10 million yuan (€1.27 million) broke through the one million mark for the first time, up 6.3 per cent on 2011.
07/29/2012
World’s Richest Gain $15.2 Billion as Global Markets Rise
The richest people on the planet added $15.2 billion to their collective net worth this week as global markets rose on speculation that Europe will move to ease borrowing costs in Italy and Spain.
07/29/2012
Private client stockbrockers are failing to satisfy affluent and wealthy customers
The survey of almost 2000 individuals also found that those using a full-service stockbroker gave the firm only an average score.
07/29/2012
More $$$ to manage
Citing a private bank in Europe, Lim said it had 32,000 high net worth customers in Malaysia as of September 2011 and the number is forecast to grow to 68,000 by 2015.
07/29/2012
Luxury brands reap bonanza in emerging Asia markets
Company bosses even expressed confidence that year-end figures would show continued growth.
07/29/2012
JP Morgan Private Wealth Management carves niche in Singapore and Asia
But Peter Flavel, the bank's chief executive for Asia, is determined to expand that clientele, setting his sights on the segment just below the ultra-high net worth - that is, catering for account sizes of between US$10 million and US$30 million.
07/26/2012
Singapore's rich grow wealthier, says Forbes Asia
Singapore's 40 richest are now collectively worth US$59.4 billion (S$74.5 billion), up 9 per cent compared with the previous year.
07/26/2012
Bank of Ayudhya rebrands private banking ops, eyes rich young clients
Executive vice president Kris Chantanotoke said these trends were increasing in Thailand in line with the rest of Asia-Pacific, driven mainly by growing numbers of new entrepreneurs and business successors.
07/26/2012
Benefits of social media to the wealth management industry
There are an almost unlimited number of benefits to incorporating social media into your overall marketing/business development strategy.
07/26/2012
Saverin helps boost Singapore's wealth
Saverin renounced his U.S. citizenship and officially became a resident of Singapore. He made the decision to do so last September, and the news came out when an Internal Revenue Service list was published April 30, causing much consternation, as it was r
07/26/2012
China Luxury Forecast 2012 Reveals Significant Change in Spending Patterns
The Ruder Finn/Ipsos China Luxury Forecast 2012 reveals that the luxury goods market is still growing. Considerable new consumer spending patterns are emerging despite a cautious China market.
07/25/2012
Wealth Management Outsourcing: A Global Market Perspective
All of these have brought technology centre stage in managing financial institutions.
07/25/2012
Family office tech suitability highlighted
Family offices need to understand market obligations and construct their technology systems and strategy accordingly.
07/25/2012
Hong Kong’s Largest Bullion Vault Signals Rising Asia Wealth
The move in Hong Kong reflects increased demand for gold in Asia even as the commodity struggles to sustain its rally into a 12th year.
07/24/2012
Adviser confidence in global economy has hit a 12 month low - Research
Europe and UK also reported below average confidence in their local economies compared to advisers in Asia who are significantly more confident in their local economies than the global economy.
07/24/2012
RBC awarded natural resources mandate for China's National Social Security Fund
The NCSSF is a supplementary fund of the People's Republic of China, and is responsible for the management and operation of the country's National Social Security Fund.
07/24/2012
Private bankers on call 24/7 – invitation only
“The downside is the bankers assigned to such a service are typically young and eager to progress up the ranks, meaning if they are any good they move on rapidly, and building a personal relationship is difficult. But value for the service is good,&