Managers of Wealth Asia Pacific

Porsche sales, profit surge on China demand

-First quarter revenue jumped 32% on the year to EUR3.03 billion.

Yachts Set Sail for Singapore

Over the past month, Singapore played host to the Singapore Yacht Show and Boat Asia; both focused on showcasing million-dollar boats luring wealthy buyers to Southeast Asia’s increasingly crowded marinas.

UBS Wealth Management pre-tax profit up 70%

Net new money inflows in the wealth management businesses more than doubled to CHF 10.9 billion.

Standard Chartered posts high single-digit Q1 income growth

Standard Chartered said on Wednesday its first-quarter income grew less than its previous 10 per cent target, as the strength of the US dollar against Asian currencies impacted income growth.

Pay row risk at Standard Chartered

Standard Chartered hit the headlines in March when its annual report revealed the $92m remuneration figure.

Macquarie slashes 1300 staff as profit dives

MACQUARIE Group has sacked more than 1300 staff after revealing one of the bank's worst profit performances since the GFC.

DBS posts record quarterly profit

"DBS continued to build its Asian franchise with good growth across its regional markets," CIMB's head of research Kenneth Ng said in a note to client.

Noah Files its Annual Report

The annual report can be accessed on Noah's investor relations website at http://ir.noahwm.com/ .

NRIs' wealth market size to see robust growth by 2016: report

During the review period (2007-2011), the value of the worldwide wealth management market for NRI millionaires rose at a compound annual growth rate (CAGR) of 9.4%.

Sharp improvement for Credit Suisse ‎

Credit Suisse eked out a small first-quarter profit on Wednesday, confounding analyst forecasts for a big loss due to a 1.5 billion Swiss franc charge on its own debt, as it cut more costs than expected.

Bank of Singapore becomes first Private Bank that can train and assess private bankers

The Programme aims to equip Bank of Singapore private bankers with the relevant skill sets and qualifications to uphold the highest standards in delivery of client-centric advice and consistent client experience.

UBS Chairman Says Bank’s Reputation Will Play Role in CEO’s Pay

Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c

Asian millionaires on the rise

Wealth managers also expected those with $30m of investable assets to account for 24 per cent of their $3tn under management, up from 19 per cent in 2011.

Barclays Wealth continues APAC expansion

Barclays today announced that it has appointed four senior private bankers in Singapore, in a move that underlines Singapore’s importance as a wealth management hub for the bank

World’s ‘Most Expensive’ Art Fair Heads to Hong Kong From Paris

The Biennale des Antiquaires, France’s oldest art fair, is looking to profit from the growth of Asian wealth by starting a mini-biennale in Hong Kong.

Singapore: the Banking Destination for Wealthy Chinese

The latest hot topic that Chinese Private Bankers argue about when they get together is which foreign destination is favored by wealthy Chinese clients.

Asian millionaires on the rise

Nearly two-thirds of the 109 wealth managers polled expected the number of individuals with investable assets of between $1m and $30m to increase this year by between 6 and 15 per cent, while 23 per cent expected a rise of more than 15 per cent.

Asian wealth managers bullish on global economic outlook: survey

Asia's leading wealth managers, who have combined assets under management (AUM) of more than US$3 trillion, are bullish on global economic outlook in 2012, according to the results of a survey released Monday.

Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?

For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.

South and Southeast Asian start for ambitious Guggenheim UBS MAP Initiative

The Guggenheim’s engagement with the South and Southeast region goes back even further than this programme, including exhibitions from seminal artists Rirkrit Tiravanija and Anish Kapoor.

Wealth and Asset Management