11/06/2012
Leading global financial services firm selling its Indian private bank
Wealth management platforms are usually sold for about 2 to 3 per cent of the assets under management, although the sources said it was not yet clear what price tag the unit could fetch.
11/05/2012
In 1998, as the Asian financial crisis raged through South Korea and the rest of the region, Sung Taek Hwang decided to leave his comfortable position at Hyundai Financial to establish his own independent securities firm.
11/04/2012
Some of the paintings feature scenes of Singapore from a time long gone
11/04/2012
Australian wealth manager sets sights on growth
"We will consider merger and acquisitions that deliver additional value without exposing shareholders to excessive risk."
11/04/2012
In doing so, it said that in terms of growth it would be "building on its strength in wealth through increasing focus on superannuation and insurance, investing in developing a next-generation wealth platform and increasing the number of advisers&
11/04/2012
The British bank typically defines such clients as those who have $25 million invested with the bank, and who are thought to have assets of at least $100 million; the industry refers to such clients as the ultra-high net worth (UHNW) category.
11/04/2012
However, the bank said underlying profits in the quarter had increased.
11/01/2012
The French asset manager brings its multi-boutique offering to the territory, adding to its five other Asia-Pacific offices.
11/01/2012
The bank's net profit surprisingly exceeded its second-quarter figure as well, bolstered by strong fee and commission income amid gains in investment banking and wealth management.
11/01/2012
Do brands diversifying into watches and jewellery risk diluting their image?
10/31/2012
BNZ CEO Andrew Thorburn said: "This is a strong result for BNZ, underpinned by sound fundamentals, and ensures BNZ can go on making a very significant contribution to the New Zealand economy.
10/31/2012
Tata Mutual fund will use its network to tap high net worth investors across the country
10/31/2012
China is Asia’s most important high-net worth (HNW) market contributing to over 50% of the region’s growth by 2015.
10/30/2012
HongKong Shanghai Banking Corp is restructuring the consumer banking and wealth management business of its India operations, a top executive told ET.
10/30/2012
“The new bank focusses on being a universal banking model in the Netherlands.”
10/30/2012
NAB has announced an annual profit decrease of 21.8%, but its wealth division has proven to be one of the year’s star performers.
10/30/2012
To meet the diverse needs of customers, the high net-worth customers in particular, the Centre provides a comprehensive range of professional and premier Wealth Management services.
10/29/2012
This comes as bad debt levels begin to rise from near record lows across Asia.
10/29/2012
Senior distributors recognise the need to drive fund penetration in Asia. The big question is how they can work together more efficiently to make the industry more appealing.
10/29/2012
UBS AG, Switzerland’s biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti scales back the investment bank to focus on wealth management.