Managers of Wealth Asia Pacific

Indian biz leaders talk philanthropy with Bill Gates

A large group of Indian business heads met Microsoft founder Bill Gates on Friday over a private dinner meeting at Taj West End Hotel in Bangalore.

Taiwan wealth growth slows in 2011: survey

While Asia-Pacific, excluding Japan, sustained double-digit growth of 10.7 percent to US$23.7 trillion in 2011, Taiwan's private wealth growth slowed to 0.2 percent, with domestic equities the hardest hit, the report said.

Billionaire city reveals capitalist flaws

That was until the Chinese slowdown, which almost everyone said could never happen. Data on China's trade, production and construction paint a grim picture, as do Europe's debt crisis and slowing world growth.The ranks of Hong Kong's billio

India sets up Gulf unit to track NRI tax evaders

Government posts eight senior IRS officers abroad, including one in Abu Dhabi, as it tries to crackdown on flow of black money

Wealth Managers Need Wake-Up Call - Research

Players Must Take Action on Pricing, Costs, Risk, and Client-Centricity to Raise Their Games in Low-Growth, High-Regulation Climate, Says The Boston Consulting Group's New Report on Global Wealth

Asian Millionaires Counter Lost Riches Elsewhere

Wealth in North America declined 0.9 percent to $38 trillion, while western Europe posted a 0.4 percent drop to $33.5 trillion, the report said.

CIBC Selling Asian Wealth-Management Operations

Canadian Imperial Bank of Commerce has agreed to sell its standalone Hong Kong and Singapore-based private wealth-management business in a deal set to close by early next year, the bank said in its earnings release Thursday.

28,000 more millionaire households in India in 2011 - Research

According to the report, the growth of global private wealth slowed down to 1.9% in 2011. The increase was considerably weaker than in the past two years. Global wealth grew by 9.6% in 2009 and 6.8% in 2010 but the euro zone crisis and a near default on U

Wealth managers to expand realty advisory business

Players says investors are flocking to this space as equities are not doing too well and real estate still offers 10-12% returns

UBS turns Beijing branch into wholly-incorporated bank

The new entity will be named UBS (China) Ltd., and is scheduled to start operations in Q3, the bank said in a statement.

Canaccord Financial Lured by Eastern Promise

A driver of Canaccord’s acquisitive strategy was management’s concern at missing out on high-margin M&A advisory fees due to a lack of scale.

Swiss advisory and fiduciary service firm opens first Asian office

Veco Invest (Asia) is headed by managing director Peter Lee, who brings to this role more than 20 years of experience in investment and banking.

Barclays Hires Hong Kong Market Head

Barclays has announced that it has appointed Rickie Chan as Market Head, Hong Kong, to its wealth and investment management division

Manulife Said in Second Round of ING Asia Insurance Bidding

Manulife Financial Corp. and AIA Group Ltd. are among companies that were invited to make second- round bids for ING Groep NV ’s Asian insurance business, said four people with knowledge of the matter.

Wealthy clients turned tables on UBS and staff?

. Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.

RBS unit launches wealth planning services

The services will include advice in the areas of succession planning, asset preservation, asset consolidation, and philanthropy.

Banks in Asia Target the ‘Emerging Affluent’

But the bank is not aiming at the usual private banking clients — those who have attained a very high net worth.

China's ICBC wants to be major bullion market maker

The world's biggest bank by market value, ICBC is the top player by volume on China's gold and futures exchanges, but its participation in foreign markets is limited to over-the-counter trading, which reached a total $90 billion last year.

Barclays not renewing sponsorship of golf Open

The British bank has backed the US$6 million (S$7.6 million) event since 2006. But this year's event at Sentosa Golf Club in November will be its last.

Morgan Stanley set to expand wealth management offerings in india

The bank is unlikely to get into retail banking due to tough competition from local banks, the paper said.

Wealth and Asset Management