06/06/2012
Now, lounge banking for the rich
Lenders also allow customers to conduct other businesses from such chambers
Wealth and Asset Management
06/06/2012
Lifestyle Investment - The Other Alternative for Savvy Investors?
As indicated by the London International Vintners Exchange (LIVEX), investments in fine wine have produced a 195% return over the past seven years.
06/05/2012
Stanchart Private Bank Launches Islamic Financial Solutions
These solutions will become available to clients by mid-June this year across the Private Bank's booking centres in London, Geneva, Jersey and Dubai.
06/04/2012
Managing the wealth of ultra rich Asians
The explosive growth of wealth populations in emerging markets presents both eye-watering opportunities and challenges for wealth management professionals.
06/04/2012
Dubai based Wealth Management opens Malaysia office
Delivering independent financial advice and licensed by the Labuan Financial Services Authority, the Kuala Lumpur office is the fourth office to open in the region, alongside operations in Singapore, Hong Kong and Shanghai.
06/04/2012
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.
06/04/2012
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.
06/04/2012
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
06/04/2012
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
06/01/2012
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
06/01/2012
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.
06/01/2012
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.
06/01/2012
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
06/01/2012
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
05/31/2012
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.
05/31/2012
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.
05/31/2012
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.
05/31/2012
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
05/31/2012
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.
05/31/2012
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.