08/29/2012
Anuj Khanna, Pictet & Cie.’s chief executive officer for south Asia, comments on ultra-high-net- worth individuals moving funds to family offices from private banks and disgruntled senior bankers in Asia.
08/29/2012
WEALTH manager Perpetual said the trend in net fund outflows continued to slow in the first two months of 2011-12, after funds under management fell 17 per cent last year.
08/28/2012
Weiss is understood to have been shopping the deal around for about a year, ever since he parted ways with GPG, the Ron Brierley-led corporate investment firm he ran for two decades.
08/27/2012
The financial markets division profit is down 4 per cent on the previous result, and the wealth management result is up 10 per cent compared to the first six months of 2011.
08/27/2012
With the rising level of entrepreneurial wealth in Asia, it may be timely for these investors to note some of the recommendations and ask additional questions to the private banker of their choice.
08/26/2012
Pay consultants expect the use of clawbacks to rise sharply this year following a string of recent banking scandals, including the manipulation of Libor and anti-money laundering failures.
08/23/2012
Leading private bank adapts defense play in Asia
Their preference for high quality bonds in the first half of 2012 spurred Coutts’ performance, and corporate bonds will remain an effective global hedge.
08/23/2012
Total assets as of June 30, 2012 were HK$641.49 billion, compared to HK$598.94 billion as of June 30, 2011.
08/22/2012
New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.
08/22/2012
The new program will offer accountants the three tiers of licensing and additional support services such as monitoring, audit and training.
08/21/2012
Mr Tharman, who's also Finance Minister and Chairman of the Monetary Authority of Singapore, was speaking at an event to celebrate Citigroup's 200th year in business.
08/21/2012
These days wealth management contributes less than 8 per cent of CBA's group earnings, less than half its relative contribution before the global financial crisis.
08/21/2012
Alliance Bank consumer banking head Ronnie Lim said since the opening up of the financial market in 2005, from merely simple mutual fund products to new products such as treasury, equity linked, dual currency and foreign currency funds, the sector has bee
08/21/2012
Barclays today announced that it has set up an Independent Asset Managers team in Singapore, as it continues to capitalise on market opportunities in Asia, and further grow its private banking business in the region.
08/21/2012
Almost four out of five workers in the Australian finance sector are considering moving into an alternative industry.
08/20/2012
The Detroit-based automaker did so poorly in minivans that it quit making them in the U.S., where they are often considered the least-glamorous family haulers, spurned by moms who prefer the style of a sport- utility vehicle.
08/20/2012
“There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.
08/20/2012
Many luxury brands reaped huge success in Korea apparently thanks to price increases and cutting down commission fees for the nation’s major department stores.
08/19/2012
And it's not just billionaires loading up on the yellow metal.
08/19/2012
A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.