05/17/2012
You get what you pay for, perhaps. Just this week, the Hong Kong government announced a round of pay raises for the government, increasing its chief executive's annual salary to a smooth $622,000.
05/17/2012
A "disproportionate assets" case begs the question: Is caste a factor in the prosecution of corruption?
05/17/2012
The deal would be the biggest in the wealth management industry since ING Group sold its private banking assets in Europe and Asia in 2010
05/16/2012
Now in its fifth edition, the four-day-long Art HK has booked 266 galleries from 38 countries, its 50-50 balance of Western and Asian making it unique in the art fair circuit.
05/16/2012
Crystal Wealth Partners has launched a unified managed account solution developed with specialist provider and AMP subsidiary Multiport.
05/15/2012
Although the survey covered more than 600 high net worth individuals in Australia, that single anecdote told a lot about the imperfect customer acquisition.
05/15/2012
Western Australia cannot afford a sovereign wealth fund and will be financially straightjacketed if it is introduced by the Colin Barnett-led government, the state's peak business lobby group says.
05/15/2012
Groundbreaking insight from 2,800 HNWs across nine Asian markets has revealed that Malaysians, Indians, Indonesians and Thais are the most content when it comes to their life-wealth balance .
05/14/2012
Royal Bank of Scotland is targeting India's young super-rich with a range of products designed to help make giving to the needy easier and more efficient.
05/14/2012
A total of 140,000 people in Shanghai have personal assets of 10 million yuan, an increase of 6.1 per cent year-on-year, accounting for 13.7 per cent of China's high net worth individuals.
05/14/2012
. The well-heeled, especially the newly rich, have become savvier about preparing for the inevitable. And their favourite instruments of choice for bequeathing their riches: trusts and family offices.
05/14/2012
Mr Lyons said the ACTU policy would be similar to top-end tax changes debated recently in the United States requiring those earning more than US$1 million per year to pay at least 30 percent in taxes.
05/14/2012
AFTER almost three years as a senior banker in booming Shanghai, former Westpac executive Mike Pratt is blunt about the regional presence of the four largest Australian banks.
05/11/2012
Although the sector has already seen the presence of various big banks, Bank Sahabat Sampoerna president director Indra W. Supriadi said the market was still large enough for a new player.
05/11/2012
The recent interest builds on a trend of growth in applications from Chinese seeking to emigrate to places like the U.S., Canada and the U.K. in recent years, including to programs that promise citizenship in exchange for investments: In the U.S., 75% of
05/11/2012
Despite sluggish investment markets and an increase in insurance lapses, NAB wealth grew both funds under management (FUM) and cash earnings before investment earnings on shareholders (IoRE).
05/11/2012
Growing GDP rate in India in wealth management firms is marking a robust future to become the third largest international economy by 2030.
05/10/2012
Mainland-Chinese customers generate roughly one-third of Gucci and Prada’s world-wide sales, he added, and it’s not uncommon for rich Chinese to spend one-quarter of their disposable income on luxury goods.
05/10/2012
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
05/10/2012
Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has unveiled detailed information on nearly 700 global single family offices representing over $1 trillion of assets under management.